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Office Market News

Office vacancy rises slightly in Slovakia

Bratislava’s total stock office stock remained unchanged at 1.5 million sqm in the last quarter of 2012, as there were no significant completions recorded, writes CBRE in its end of year report.

Holzindustrie Schweighofer to invest EUR 150 mln in a wood working factory in Romania

Austrian Holzindustrie Schweighofer, a wood processing company, will invest EUR 150 million in a wood working plant spanning 70 hectares in the Covasna County that should become operational within 2014.

Ambient grows to EUR 150 mln sales in 2012, reports profit for first time in three years

After undergoing a restructuring program two years ago, Romanian construction materials distributor and DIY retailer Ambient has grown to sales worth EUR 150 million in 2012, marking a cumulative increase of more than 47 percent compared to 2010, the company has announced.

Four constructors fight to provide 70,000 mc concrete for Magurele Centre

The constructor of the scientific research centre from Magurele ELI-NP will be announced in the next two weeks, declared Tudor Prisecaru, state secretary within National Education Ministry, announcing that four big companies have been chosen from the large number of bidders.

The real estate investors with EUR 1.9 billion bank credits

The biggest mall and office buildings owners from the local market are also on top of the credit values, the total value of the financing to reimburse by seven of the biggest real estate players raising up to EUR 1.9 billion, according to an analyse of Ziarul Financiar.

Extension in furniture retail: Lemet wants 15 new stores in 2013

The furniture producer Lemet opened 2 new LEM’S stores in Pitesti and Constanta in 2013, and it’s planning 15 openings by the end of the year.

Impact Group to develop a new office project with EU funds

A company form Impact group received EU financing for the construction of 8,000 sqm office project, while the real estate developer puts on hold the extension of Greenfield residential, as the shareholders rejected the project.

Romanian HoneyWood hopes to make EUR 2 mln out of selling prefabricated wood houses in 2013

A wood prefabricated house can be lifted from the ground in up to three days, it is cheaper to build, environmentally friendly and has reduced costs with energy of up to 75 percent, says HoneyWood, a Romanian manufacturer of such buildings who after working in Western Europe for some 10 years has launched local operations this week.

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