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Office Market News

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.

S&P affirms Romania’s ratings at BB+ and B

Rating agency S&P has affirmed its long-term and foreign currency sovereign credit rating of Romania at BB+ and maintained at B the short-term foreign and local currency sovereign credit rating, with a stable outlook.

Construction works for Mega Mall could start in few months

The project Mega Mal, developed by Real 4 You group in Bucharest estimated an occupancy rate of 50% in the next few months, which will allow the Austrian developer to start the construction works.

First tenant of Magheru One office

Epstein moved in Magheru One office building from the centre of Bucharest, through a transaction advised by The Advisers/Knight Frank, with a lease agreement for 400 sq.m.

The number of the office buildings under construction has increased

The number of office buildings in construction has increased in the last 3 months following the starting of the construction works for large scale projects such as Center Square, Green Court Phase I and Monolit Plaza, according to according to Jones Lang LaSalle latest report.

First office building of Cluj Business Center is completed

The company Felinvest, the former Feleacul sweets producer from Cluj-Napoca has completed the construction works for the first A class office building on the former factory plot of land.

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Alexandra Filip

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