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Office Market News

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.

The options for offices under 1,000 sqm, nearly half of the total area of relocations

According to Esop Consulting, the office relocations on areas with less than 1,000 sqm have increased in the first quarter of 2013.

83,000 sqm industrial space transactions for 1Q 2013, 60% of 2012 total area

The area of the traded industrial space in 1Q 2013 reached 83,000 sqm, representing more than half of the last year total, but the biggest transactions was registered as renegotiation and less new rentals, according to CBRE.

Cluj office space request according to Sandor

The need for office space of the 35 biggest Cluj companies in 2014 is estimated at approx. 24,000 sqm, according to the businessman Ovidiu Sandor, which has started with NEPI the works for The Office project in the city.

IMF: Romanian economy will increase with 1.6% this year and 2 % in 2014

The International Monetary Fund estimates that Romanian economy will register a 1.6% increase in 2013 and 2% in 2014, according to the bi-report World Economic Outlook, published on Tuesday and cited Agerpres.

NEPI: EUR 500 mil. investments by 2016 and expansion in the region

South-African fund New Europe Property Investments (NEPI) will expand in Serbia, Hungary, Slovenia and Bulgaria, with acquisitions planned for next months, but the Romanian market will remain the main target, with EUR 500 million investment planed by 2016.

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Alexandra Filip

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