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Only two office completions in Bucharest in the second quarter

Developers only delivered two office buildings in Bucharest in the second quarter, and the low request could determine the delay for 2014 of several announced projects.

Bucharest office market, dominated by transactions under 3,000 sqm in the first 6 months

The number of the transactions on the Bucharest office market has increased with 22% in the first half of the year compared to the same period of 2012, driven by the relocations on areas less than 3,000 sqm.

Immofinanz incomes from rents in Romania reached EUR 50 million

The incomes from rents of the Immofinanz group in Romania reached EUR 49.5 million at the end of the fiscal year 20122013, registering an increase compared to the previous period (EUR 47.1 million).

NEPI to buy commercial park in Deva

South-Africa’s investment fund NEPI is nearing completion of the acquisition process of another commercial park from a local entrepreneur.

City Gate North Tower office building received green certification

GTC and Bluehouse City Gate e finalized the certification process of the first office tower within City Gate project in Bucharest, according to Colliers International, which assisted the process.

Eurobusiness Parks in Oradea attracted over EUR 200 million investments

Eurobusiness Parks I and II, managed by the company Eurobusiness Parc, owned by Oradea City Hall, attracted by present investments of approx. EUR 205 million, which will facilitate the establishment of 6,000 new jobs.

NEPI to buy Mega Mall project on former Electroaparataj factory plot

Real estate investments company New Europe Property Investments Plc (NEPI) has signed an agreement for the takeover of 70% of the company ELJ VATRA SRL. This is the owner of the land where Mega Mall Bucharest will develop, on the plot of the former Electroaparataj factory.

Bucharest office completions scheduled for 2014, the lowest area in the last 14 years

The modern office stock reached 2.23 million sqm, after the delivery of two office buildings in the period April-June: CSDA Siriului, with 3,600 sqm and 100% occupancy rate and Armand Calinescu Office Building, with 3,500 sqm and 70% occupancy rate.

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