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Office Market News

Magnificent 7 for AFI Europe at EuropaProperty's 8th annual SEE Real Estate Awards Gala

The eighth annual EuropaProperty SEE Real Estate Awards, which highlighted some of the best and most accomplished companies, projects and professionals for 2012, continued to give the SEE region reason to cheer by giving away an impressive 35 awards.

Romanian constructor Delta ACM won EUR 10 million contract in Gabon

Bucharest constructor Delta ACM 93, controlled by the businessman Florea Diaconu, has won recently approx. EUR 10 million contract in Gabon, for the infrastructure (streets and canalisation) inside a residential district. „The residential district, built by a state company, is in the capital. It is a big district. We have already signed the contract. “, said Diaconu.

Romanian retailer Flanco spends EUR 350,000 revamping 8 stores

Romanian IT&C retailer Flanco has recently finished revamping eight of the 20 stores planned for redevelopment this year, following a total investment of EUR 350,000, according to the company.

Echo Investment sells Polish project AquarIus Business House for €66.5M

Echo Investment has signed a preliminary sales agreement concerning Aquarius Business House, the office building it is developing in central Wrocław.

Atenor signs first tenant to Vaci Greens in Budapest

Atenor, Belgian developer listed on Nyse-Euronext, announced the signing of a lease agreement in VaciGreens Building A in Budapest with SYKES, leading provider of customer contact management solutions and services. SYKES will occupy 2125m² on an entire floor.

Greek businessman Papalekas to build new residential in Bucharest

After buying a mall, two office buildings and some lands, Ioannis Papalekas, one of the most discreet investors in real estate is currently developing a new residential building with 36 apartments in the northern area of Bucharest.

AdePlast opens EUR 3.2 mln polystyrene factory in Oradea

Romanian construction materials manufacturer AdePlast opened this week a EUR 3.2 million polystyrene factory in Oradea, western Romania. The company also owns production facilities in Ploiesti and Roman.

AFI Europe obtained the construction permit for its second mall in Bucharest

AFI Europe obtained the construction permit for its second mall in Bucharest, located in Bucurestii Noi, the development being due to start this year or in the first months of next year and also intends the development of 60,000 sq. m office complex on the plot of the former Inox factory.

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