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Office Market News

IMMOFINANZ Group sells Silesia City Center

IMMOFINANZ Group has announced the sale of Silesia City Center in Katowice, Poland. An investment consortium led by Allianz will purchase the retail asset for €412 million. The transaction is subject to suspensive conditions, e.g. approval by the Polish competition authorities, and the closing is expected to take place in September 2013.

Public danger in case of earthquake for 190 buildings in Bucharest

190 buildings in Bucharest are considered public danger in case of earthquake, following the actualization of the class I earthquake risk buildings list by the municipality, by including those with public spaces larger than 50 sqm.

Starlight Suites hotel will turn into office building

Starlight Suites hotel, included in Metropolis Center complex in Bucharest will be transformed into an office building. The reconversion will be handled by the real estate consultancy company CBRE Romania, the project & cost manager designated for this process.

Romania records third highest growth in the Union

Against a backdrop of EU-wide recession, Romania has recorded a quarter-on-quarter GDP growth of 0.7 percent in Q1 2013 – the joint third biggest rise.

NEPI and IKEA are interested in Aversa Bucharest assets

Although the state would like that the pumps factory Aversa Bucharest to be taken over by an industrial group that keeps its range of activity, only the real estate groups are interested in it. Today is the last bid for the factory’s assets. If nobody shows, the procedure will be repeated.

Tiriac Imobiliare sells the office building in Lipscani St.

Tiriac Imobiliare intends to sell Nouveau Center office building on Lipscani St., Bucharest, in the vicinity of Sf. Gheorghe Church, for EUR 7.8 million.

Slabbert, Nepi: We are negotiating the acquisition of some plots for over a year

Martin Slabbert, CEO within NEPI has declared that the investment fund is in negotiations for the acquisition of several plots in Bucharest, but also in other cities, for some of those the discussions having started over a year ago.

Office buildings selling prices

The office buildings in Bucharest are sold with EUR 1,100 – 3,800/sqm, while the office buildings in the other big cities from Romania have prices between EUR 400-1,250/sqm, according to the data available on spatiicomerciale.ro.

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Alexandra Filip

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