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This year’s acquisitions increased Globalworth’s debts with EUR 162 million

Globalworth’s debts, the company owned by businessman Ioannis Papalekas, have increased in the first semester with nearly EUR 162 million, to EUR 363 million, reaching 44.9 pct. of the portfolio’s value, following the real estate projects acquisitions made this year.

Răzvan Gaiță left Sema Parc for the American fund Portico Investments

Răzvan Gaiță left Sema Parc after a year and went to the American fund Portico Investment, the owner of several commercial spaces mainly in Transylvania area, rented to retailers such as Billa, Lidl, Penny.

Ţiriac took over his partners’ share in the office project in Victoriei Square, Bucharest

A company within Ţiriac Imobiliare, the real estate division of the businessman Ion Ţiriac, took full control over the office project Buzeşti Center near Victoriei Square in Bucharest, an investment estimated to EUR 30 million.

Study: Firms in Romania have the most optimistic provision about employment in Q4

One out of four employers in Romania intends to attract personnel in the company in the last quarter of the year, Romanian employers reporting a net employment provision of +16%, the most optimistic of 25 countries and the best since Q4 2008 to the present, a Manpower study shows.

Ploiesti Court of Appeal’s Decision is final, Cathedral Plaza in Bucharest will be demolished

Ploiesti Court of Appeal decided the revocation of the decision that made possible the suspending of the enforcement of the demolition decision of the building Cathedral Plaza, and the decision is final.

CBRE Closes Acquisition of Global Workplace Solutions Business from Johnson Controls, Inc.

CBRE announced that it has closed the acquisition of Johnson Controls, Inc.’s Global Workplace Solutions business. Global Workplace Solutions is a market-leading provider of enterprise facilities management solutions for global corporations and other large occupiers of commercial real estate. Global Workplace Solutions had revenue of more than $3.0 billion in calendar year 2014.

Patriciu family exits EUR 300 million real estate project to be developed by Immorent near Bucharest

Businessman Dinu Patriciu’s family exited the company which intended to develop a real estate project in Străulești area near Bucharest together with Erste Immorent Group Romania, the shares owned by Șerban Patriciu and a company managed by him being taken over by Immorent.

Romania to reach Germany’s hourly salary in 30 years

The hourly cost per employee amounts to EUR 4.6 in Romania, compared to an hourly cost of EUR 31.4 in Germany. It will take at least 30 years for a Romanian employee to reach the current salary level of an employee in Germany, according to Ziarul Financiar’s estimations based on the average salary growth in Romania over the past 15 years.

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