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Commercial centres of Argo Real Estate in Romania depreciated

The four commercial centres owned in Romania by the British fund Argo Real Estate Opportunities Fund (Argo) were evaluated at the end of March 2013 at EUR 330 million, with almost EUR 7 million down compared to the similar period of last year.

Real estate fund NEPI reached over EUR 1 billion Stock value, nearing BRD

NEPI threatens to overtake the biggest local bank listed in Bucharest Stock, BRD, currently evaluated at approx. EUR 1.1 billion, after exceeding last year in stock value both Transilvania Bank and Transgaz.

Aberdeen Asset Managers fund share in BRD went under 5%

The fund Aberdeen Asset Managers Limited from London has reported on Tuesday the owning of 4.98% from BRD shares, a decrease from 5.43%, package reported at the end of May, Mediafax writes.

Construction works 7.2% down in the first five months

Construction works volume has decreased in the first five months, compared to the same period of last year, as unadjusted series as well as adjusted series on the number of working days and season, with 7.2% and 7.6% respectively, has announced the National Institute of Statistics (INS).

City Mall story. How the construction revives

City Mall project in Bucharest sector 4 (situated near Belu cemetery) will be transformed from a commercial centre in an office building by the end of this year, while the façade works are already nearing completion. A big part of the classic mall façade of the City Mall project has already been replaced with glass façade, specific to office buildings.

Green fever: 20% of the office stock is certified, more to come

The word „green” becomes almost customary when speaking about the local office market. Even if only approx. 15-20% of Bucharest office stock has currently a green certification and the owners do not benefit from any tax ease, as in Cluj.

Medium companies office request increasing compared to last year

The medium companies’ office request has increased with 9% in the first term compared to the similar period of last year, considering that the number of such companies looking for offices has increased with 21% in the same interval, according to Esop.

Global Construction to Grow 70% by 2025

The volume of construction output will grow by more than 70 percent to $15 trillion worldwide by 2025, outpacing global GDP, according to the Global Construction 2025 study by Global Construction Perspectives and Oxford Economics. According to the study, 63 percent of global construction activity will take place in emerging markets, up from 52 percent today.

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