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Office Market News

5 million € investment for the extension of KLG logistic centre near Bucharest

KLG Europe Romania, the company with activities on the logistic market will invest 5 million euros in the extension of the KLG centre near Bucharest.

McDonald’s to buy 2,000 sq. m plot of land in Craiova from the City Hall

McDonald’s, the biggest player on the local restaurants market, with a turnover of EUR 94 million in 2011, will buy from Craiova City Hall a plot of land of nearly 2,000 sq. m, where its restaurant is located for more than 10 years.

The EC approves the subway expansion from structural funds

The European Commission has approved that projects for the construction of the subway extension M4 (Parc Bazilescu- Straulesti) and M5 (Drumul Taberei- Universitate), as well as the construction of the highway between Sebes-Turda should be included among projects that are financed via the Sectoral Operational Programme Transport.

Sonae Sierra to start construction of ParkLake commercial centre in Bucharest next year

The Portuguese company Sonae Sierra, which has cashed out last year EUR 1.5 million from the rents in Rivel Mall in Ramnicu Valcea announced that in 2014 it will start the development of the mall ParkLake in the district of Titan in Bucharest.

IMMOFINANZ share soon to be listed in Warsaw

The IMMOFINANZ share will in all probability be listed in the Main Market of the Warsaw Stock Exchange starting on 7 May 2013. This step represents a so-called 'technical double listing' that covers all issued shares.

Plaza Centers delays again the construction of its projects in Romania

Plaza Centers, the company who owns the project Casa Radio from Bucharest, mentions that it could start next year a part of the commercial centres construction in Romania, in its 2012 financial report published on 30th of April.

Cushman & Wakefield win CEE Retail & Leisure Agency Firm of the Year 2013

Cushman & Wakefield was named CEE Retail & Leisure Agency Firm of the Year 2013 at the CEE Quality Awards organised by CEE Insight Forum in association with the Financial Times. The event was held on 23 April in Warsaw. The awards procedure was overseen by the leading global consulting firm Deloitte.

Blue Tower residential from Bucharest, up again for auction, with 10% down price

The liquidators of Copper Beech Capital, the developer of the residential project Blue Tower from Bucharest have again the intention to sell the project, this time with a down price.

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