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Office Market News

Kingfisher to pay EUR 75 mil. for Bricostore chain in Romania

The British DIY grup Kingfisher will pay EUR 75 million for the 15 stores of Bricostore in Romania, less than the net value of the assets, has declared a source connected to the deal to Bloomberg, cited by Mediafax.

The first logistic park in North-Eastern Romania, inaugurated on Thursday

The first logistic park in North-Eastern Romania was inaugurated on Thursday in Letcani village, in the district of Iasi.

Why tall buildings are hard to lease

Although well situated, near metro stations, have good visibility and could bring image for the companies, the tallest buildings in the country are hard to lease.

Decrease of the occupancy rate on Bucharest office market

In the first quarter of 2013, the non-occupancy rate increased from 18.5% to 20.5%, due to the deliveries from the 1Q, approx. 70,000 sqm, says Daniela Popescu, Research Director of Colliers International.

More cash on the real estate market: 26% increase for transactions, 10% mortgage decrease

The number of real estate transactions increased with 26% in the first quarter of this year comparing to the same period of 2012, reaching 187,712, while the mortgages registered were reduced by 10%, according to ANCPI (National Agency of Cadastre and Real Estate Advertising).

The bankrupt Armonia Mall in Braila to sell for EUR 15 million

The creditors of Armonia bankrupt commercial centre in Braila went down with more than 30% for the price to sell the mall, at EUR 14.85 million, considering that Volksbank, the loaner, has to recover EUR 28 million.

Romania, the biggest construction works growth from EU in February

Romania situates on the first place in EU regarding construction works growth in February comparing to the previous month, considering that the volume of construction works in EU registered a decrease of 0.4% and 0.8% in Eurozone, showed the report presented on Wednesday by Eurostat.

Cushman & Wakefield secures three office deals in Kraków

Cushman & Wakefield secured three office lease deals in Kraków office market in February.

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