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Office Market News

Suceava’s Local Council to sell Adrem 5 ha land for the construction of a thermal plant

Local Council in Suceava will sell to Adrem Invest the land, as the financing bank requested that the developer should also be the owner of the land where the thermal power plant will constructed.

Office lease transactions in Bucharest increased to 60,000 sqm in 1Q 2013

Bucharest office lease transactions totalized approx. 60,000 sqm in 1Q 2013, increasing with 20% compared to the same period of last year, according to The Advisers / Knight Frank, which has intermediated a third of the lease agreements.

Coca Cola to Transfer Europe HQ to Bulgaria

One of the top global non-alcoholic beverages makers, Coca Cola, will move its entire back office for Europe to Bulgaria, Bulgaria's Economy and Energy Minister, Asen Vasilev, said on April 10.

New tenant for Floreasca Business Park

NEPI has signed a lease agreement with Exxon Mobil for 1,100 sqm in Floreasca Business Park.

Three new residential projects in Romania

Tagor real estate developer, which has completed the first phase of its first Romanian project is preparing for new residential projects.

Mega Image opens 10 new stores

Grocery retailer Mega Image opens in Brasov its first Shop & Go store outside the capital, the company has announced. This will be the first out of a total of 7 Shop & Go outlets which will be inaugurated this April in Brasov.

Alpha Bank took over Doamna Ghica Plaza

Bucharest residential project Doamna Ghica Plaza in Colentina district, developed by a Slovenian group and local investors was taken over by Alpha Bank. The complex has nine building with more than 600 apartments, of which 400 were not sold since completion, four years ago.

Romania’s February trade deficit falls to lowest level in 10 yrs

Romania’s trade deficit amounted to EUR 208.2 million this February, down by EUR 301.1 million y-o-y, this being lowest monthly level reported over the past 10 years, according to data published today by the National Institute of Statistics.

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