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Office Market News

Malls to be developed in Romania in the next few years

Even if during crisis the number of new delivered commercial centres was relatively small eve in Bucharest, the investors have projects on pipelines for several cities in the country. Moreover, some of the project postponed because of the crises will be resumed.

TerniEnergia to build six photovoltaic parks in Romania

Italy’s TerniEnergia has signed a framework agreement with Energhie, a member company of Bissi Holding Group, for the development of six photovoltaic parks in Romania with a combined capacity of 5.5MW.

Orhideea Gardens project is facing insolvency, requested by RADET

Orhideea Gardens, the 400 apartment’s project developed by the businessman Daniel Piţurlea on the land of a former bread factory on Calea Plevnei in Bucharest, entered the insolvency at the end of April at the request of Autonomous Thermal Energy Distribution Administration (RADET) from Bucharest.

New appointments in The Advisers/Knight Frank management

The Advisers/ Knight Frank has appointed two new managers, following the clients portfolio extension.

Raiffeisen’s H-Park opens in Brno

Tenants have started moving into the first phase of H-Park, which is currently under development by Raiffeisen Leasing in Brno. Cushman & Wakefield is in charge of leasing the retail park, located on Heršpická street.

DTZ: The request for industrial plots will increase

Direct foreign investments represented the most important factor in the development of the industrial segment in the last six months according to DTZ Echinox, which estimates an increase of the request for lands for such projects both in Bucharest and countryside.

Tagor started its second local residential project in Arad

Israeli developer Tagor started a month ago the construction works for its second project in Romania.

Cosmopolis’s developer sold 125 apartments in 2013 and is ready to build another 100

Opus Land Development started the construction of another 100 apartments in the residential project Cosmopolis, in Ştefăneştii de Jos, near Bucharest.

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Alexandra Filip

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