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12 new tenants for Flash Office Solutions’ offices

In the first three months of 2015, the occupancy rate of the ready-to-move-in offices of Flash Office Solutions has increased from 45 pct to 87 pct, most of the tenants being young entrepreneurs less than 35 years old.

Average salary in Romania down 0.5 pct in February

The gross nominal average salary amounted last month to RON 2.395 (EUR 542), down 0.5 percent compared to the previous month, the National Institute of Statistics (INS) data show.

Dedeman and Lidl to buy from Plaza Centers a land of 46,000 sq. m in Iasi

Real estate developer Plaza Centers negotiates with Dedeman and Lidl the sale of a land of approx. 46,000 sq. m in Iasi, with an estimated value of EUR 7.28 million.

Liebrecht & wooD invests EUR 600,000 in refurbishing part of West Park Bucharest

Belgian developer Liebrecht & wooD has invested EUR 600,000 in renovating 4,228 sqm of retail space part of its retail park in western Bucharest which it is now rebranding as West Park Bucharest. The project is mostly known for hosting Fashion House Outlet, the only fashion outlet center in the capital.

Auchan starts the relocation of the 400 employees from its headquarters in Drumul Taberei

French group Auchan, which operates in Romania a network with 33 hypermarkets and registered last year over a billion Euros turnover, will start in the end of April to relocate the 400 employees from its headquarters to the office building developed by the company in Drumul Taberei neighbourhood in Bucharest.

Top companies with real estate assets of EUR 3.3 billion

NEPI, Immofinanz, AFI Europe and Globalworth, real estate groups with ongoing investments of more than EUR 880 million in new office projects and commercial centres reached EUR 3.3 billion on the local market, according to a ZF study based on the most recent companies’ reports.

Half of the Romanian-owned companies eye a 10 to 31 pct increase in turnover in 2015

In 2015, Romanian-owned companies measure their success by a combination of brand awareness (67 percent), number of employees (57 percent), financial results (53 percent), and customer satisfaction (52 percent), reads EY’s “A vision for growth” survey.

New apartment prices in Bucharest, up by 3.4%

New apartment prices in Bucharest went slightly up in March, by 3.4% over February, when they reached the lowest value since 2008.

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