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Office Market News

Less retail development possibilities according to DTZ

Some of the few construction options include east of Bucharest, Targu-Jiu, Galati and Timisoara, according to Estera Enache, senior consultant retail for DTZ Echinox.

New Residential Project in Bucharest with EUR 15 mil.

The group of companies Red Sea Group and Shikun&Binui R.E.D started the construction of a residential project in Aviatiei district in Bucharest with a total investment of more than EUR 15 million, according to RealTime Imobiliarii, the project consultant.

An investment of up to 20 million euros is heading to Krásno

One of the largest industrial property developers expands in Slovakia. Panattoni Europe is prepared to invest up to 20 million euros in the industrial park in Krásno nad Kysucou. The aim is to bring back to life the premises of a former industrial sawmill that have been left in a state of decay for several years.

Fitch Raitings cuts Carrefour IDR to 'BBB'

Fitch Ratings has downgraded Carrefour S.A.'s (Carrefour) Long-term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB' from 'BBB+'. The Outlook on the Long-term IDR is Stable. The Short-term rating has been downgraded to 'F3' from 'F2'.

Radu Enache to sell two lands in Timisoara and Iasi

The owner of the continental chain, Radu Enache wants to sell two lands in Timisoara and Iasi and sell Ibis hotel in Constanta in a lease back transaction, which involves the leasing buy back of the unit from a company specialized in this sort of transactions.

The first Romanian office building to capture Earth energy is built in Pipera

Portland Trust, one of the most important office developers in Romania nears the moment of installing the installation that will capture the warmth from within the soil in the new office complex under construction near Pipera passage.

64% occupancy rate for Twin Towers Barba Center

The office complex owned by the businessman Valentin Barba in Pipera will reach this summer approx. 64% occupancy rate after Elochim Net call center supplier decided to move its quarters in Pipera.

Metrostav moves to bail out Slovak contractor Doprastav

In a move to pour more capital into its Slovak sister company Doprastav, Czech construction giant Metrostav has purchased two of its subsidiaries: PK Metrostav and Doprastav Asfalt.

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