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Office market in 2015: Bucharest is up 4 positions in most expensive cities top

London stays the most expensive office market in the world, followed by Hong Kong and Beijing, while Moscow is out of Top 10, being replaced by Shanghai, according to a study conducted by CBRE, which places Bucharest on the 110th position from 126 markets, four places up compared to 2014.

Office building Sky Tower in Bucharest gets EUR 10 million from shareholder for new investments

The company SkyTower Building, the administrator of the highest office building in Bucharest, has received a capital increase of nearly EUR 10 million from Sky Tower Ingatlan, registered in Budapest.

Over 350 commercial spaces available for sale in Bucharest

There are around 360 commercial spaces for sale in Bucharest during this period, the most expensive ones being in the center and North of the capital city, with prices ranging from EUR 5.1 million down to EUR 6,000, according to Agerpres.

Secure Property Development & Investment continues real estate investments in Romania

Investment fund Secure Property Development & Investment intends to continue this year the investments in properties with revenues growth potential, after the real estate assets managed by the company mostly in Romania reached EUR 126 million value.

Local businessman gets EUR 9 million loan for real estate project in Cluj-Napoca

Family of Romanian businessman Vasile Pușcaș gets a loan up to EUR 9 million from Libra Bank, in order to finance the construction of a residential project in Cluj-Napoca. The project is developed on a part of the former Ursus beer factory platform, demolished in 2012 by SABMiller group.

EUR 20 million capital increase for the company controlling Sun Plaza in Bucharest

Austrian company S Immo has increased with EUR 20 million the capital of the company Societate Dezvoltare Comercial Sudului (SDCS), which controls the commercial centre Sun Plaza in Bucharest’s district Berceni.

Altex to relocate 200 employees in Pipera business district in Bucharest

The electro-IT retailer Altex, the leader of the market segment in Romania, with revenues of 1.5 billion lei in 2014, will relocate its headquarters from Piata Presei Libere zone to Pipera, according to sources in the market.

Business Services Sector Needs Modern Offices

Over 70 percent of companies from the business services sector are planning to expand their office space in the next two years. According to “BPO and Shared Service Centres’ management speak out on real estate”, a joint report by Skanska and JLL, and prepared under the patronage of ABSL, a modern and conveniently located office adjusted to numerous and different working styles can create a competitive advantage for a company in the so-called “war for talents” as well as contribute to an increase of work productivity.

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