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Sorin Vişoianu, Immofinanz: Romanian real estate effervescence confirms the economy’s ascending trend

Sorin Vişoianu, country manager office & logistics for Romanian and Bulgaria within Austrian group Immofinanz, says that the local real estate market gave signs of recovery, more projects being announced or already started by the investors.

The small city on the former Electronica factory plot in Bucharest

The transformation of the Electro­nica factory in Pipera into the office complex Iride represents, according to data from the real estate consultant Esop Con­sulting, the first large reconversion of a Bucharest factory, being at the same time the oldest and the most expanded in the future.

Local assets bring 13 pct. of Immofinanz’s revenues

Austrian group Immofinanz, one of the largest players on the local real estate market, has obtained in the first quarter of the fiscal year 2014-2015, closed on 31st of July, revenues from rents in Romania of EUR 11.8 million, a similar value to the one registered in the same period of last year.

IMMOFINANZ with new brand and web presentation – focus on customer orientation

Under the motto “Space to succeed” IMMOFINANZ has launched a new brand and Internet presentation. The core of the brand philosophy is formed by a strong customer and market orientation, which is also reflected in an updated, modern presentation. The logo with its variable frame highlights the importance of space for success and underscores the company’s flexibility in meeting a wide variety of customers’ needs.

AFI Europe celebrated the opening of the 3rd building in the office project AFI Park

AFI Europe celebrated on Wednesday the opening of the 3rd building in the award winning office project AFI Park.

AFI Europe delivers third building of AFI Park in Bucharest

Real estate investment and development company AFI Europe has completed the third building of its AFI Park office project in Bucharest, the company announced on Tuesday.

AFI Europe: We think about selling the offices near Cotroceni mall

Israeli group AFI Europe, controlled by the businessman Lev Leviev, is analysing the selling of the office buildings developed near AFI Palace Cotro­ceni mall in Bucharest, but is expecting the institutional investors entry on the local market, which are able to pay higher prices compared to current opportunistic funds active in Romania.

Owners of AFI Palace Cotroceni shopping mall in Bucharest foresee EUR 30 mln income this year

AFI Palace Cotroceni shopping mall in Bucharest, AFI Europe’s largest and most important asset, posted a net operating income of EUR 7.4 million in the third quarter of 2014 and of EUR 22 million in the first nine months, representing a year-on-year increase of 4%.
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