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Office Market News

Immofinanz - a new real estate project for Bucharest

The Austrian group Immofinanz, the biggest investor on the real ewstate market in Romania, who recently was listed to Warsaw Stock, is preparing a new project for Bucharest.

A third of Willbrook Platinum’s revenues come from the conference centre

The business centre Platinum Business and Convention Center, developed by the Israeli billionaire Eyal Ofer on Bucureşti – Ploieşti Road in northern Bucharest has currently an office occupancy rate of 23%.

CBRE Urban Photographer of the Year competition opens for entries

The search for this year’s coveted CBRE Urban Photographer of the Year prize was launched today. The competition, which was established in 2007 by CBRE, the world’s largest property advisor, is open to photographers worldwide and last year attracted over 8,000 entries from 115 countries.

Skanska’s Green Court - a green development

Skanska breaks ground on its first project in Romania: 52,000 sqm of green office space in northern Bucharest. Excavators have been on site at Skanska‘s first Romanian development for just over a month now, and the building has already received LEED Gold pre-certification, suggesting the company is serious about its green, efficient ambitions.

Romania’s shadow economy reaches 28 percent of GDP in 2013

With the shadow economy accounting for 28 percent of GDP, Romania is on a par with Croatia, Estonia and Lithuania, and only second after Bulgaria, whose unreported economy has the biggest share of 31 percent of GDP, according to a study published by Visa Europe, the payments technology company.

Spanish Fadesa to get urban plan for a plot in Bacau

Spanish developer Martinsa Fadesa, the company which had planned the development near Bucharest of 6,700 homes residential district is preparing a Zone Urban Plan for the plot owned in Bacău.

EBRD: Romanian economy to grow by 1.4 pct in 2013, 2.2 pct in 2014

Romania should report a 1.4 percent economic growth this year and a 2.2 percent growth rate in 2014 given the negative effects of the euro zone crisis on the South-Eastern Europe region and especially on exports, estimates the European Bank for Reconstruction and Development (EBRD).

Electroputere mall in Craiova entered insolvency

K&S Electric Power Point, the developer of Electroputere mall in Craiova became insolvent at its own request, after being appealed by the constructor and the financing bank.

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Adina Camara

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