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Cargus rented 5,000 sq. m of offices and warehouses

The courier company Cargus, with business of EUR 26 million last year, has rented offices and warehouses on 5,000 sq. m from the logistics and transportation company Triton International Cargo, according to the real estate consultant DTZ Echinox, which represented the landlord in the transaction.

Europa Capital sold 150 apartments in Bucharest

Europa Capital managed to sell all 150 apartments in the first phase of its Vitan Residence 2 residential project in south-central Bucharest in just 15 months since the launch of its sales programme.

Florescu, The Advisers: Răzoare Underground will sustain the office development in the area

Horaţiu Florescu, the president of the real estate consultancy company The Advisers Knight Frank and one of the most experienced brokers on the office market, is betting on the development of the area Politehnică - Răzoare - Trafic Greu as a business destination, considering the transactions signed in the last years as well as the underground Drumul Taberei - Eroilor which will enable the access to the area from other districts of the city.

JLL: Politehnica-Orhideea area has potential for the development of 150,000 sq. m offices

There is development potential in the central-western Bucharest (Politehnica-Orhideea) for approx. 150,000 sq. m office spaces, considering over 12 ha are available in this area, according to Attila Peli, the head of the land and development department within JLL.

World Bank improves Romania’s economic growth estimates to 2.8 percent this year

The World Bank improved its prognosis for Romania’s economy on Wednesday, and now expects the national GDP to grow by 2.8 percent this year and 3.2 percent in 2015, according to its recently published Global Economic Prospects report.

Zitec expands its offices in Phoenix Tower and intends to reach 120 employees in 2014

Zitec, one of the main local producers of online applications is extending its offices starting this month, with an additional floor in the office building Phoenix Tower, to be added to the already existing 920 sq. m space occupied by the company since summer of 2012.

Swan Office & Technology Park, up for auction

The bankrupt office complex Swan Office & Technology Park in Pipera-Tunari area, was put on sale through direct negotiation by the judicial liquidator, after several attempts to sell through auction, the starting price being reduced with nearly EUR 12 million, to EUR 31 million.

8 km subway line will connect downtown Timisoara to the airport

Timisoara is well on its way of becoming the second Romanian city to have a subway system. Nicolae Robu, mayor of Timisoara, said there are plans to build a subway line with 8 kilometers in length that would connect downtown to the city’s airport.

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