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Office Market News

RICS Global Commercial Property Survey Q1 2013

The latest RICS Global Commercial Property Survey suggests that sentiment towards real estate markets generally remains positive away from the euro area and Central and Eastern Europe, where occupier activity is still falling and the outlook for rents and capital values remains negative in the majority of markets, including France and the Netherlands.

Works begin on the Brasov-Ghimbav international airport

After several years of political fights, numerous public tenders and disputes, works on the runway of the future Brasov-Ghimbav International Airport near Brasov, central Romania, began two days ago, informs Agerpres newswire.

66% return growth for Unirea Shopping Center in 2012

The turnover of Unirea Shopping Center (SCDM), the owner of the commercial centres with the same name in Bucharest and Brasov, increased with 5.4% last year to approx. EUR 18.6 million (82.8 million lei), and the profit went up to EUR 1.3 million (5.8 million lei), with a 66% growth.

A Canadian builds two malls in Bucharest

Benevo, a company controlled by the Canadian businessman Michael Topolinski, resumes its intention to start the construction works for the mall on the former textile factory Dacia from Bucureştii Noi neighbourhood. This time, the scheduled term is this summer.

Imotrust to build residential district in Arad for EUR 3 million

The real estate developer Imotrust Arad (ARCV), controlled by the businessman Alexadru Bercea, will develop a residential district in Arad on over 12 ha. The plan for the next three years includes the construction of 100 houses for EUR 3 million and to supply its clients with 180 plots of land.

Global Finance aims to double the occupancy rate of Global City in 2 years

Coca-Cola HBC and Total Soft had renewed their leases for the office complex Global City Business Park in Pipera, and the building owner aims to reach 90% occupancy rate in the next two years.

125 million lei investment in two industrial parks in Cluj

The minister of Regional Development and Public Administration, Liviu Dragnea, signed on Friday two financing contracts from European funds with total value of approx. 125 million lei.

Basf has pre-leased 1,400 sq. m office in Floreasca Park

The project developed by Portland Trust has currently reached approx. 75% occupancy rate.

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Alexandra Filip

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