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PwC: Real Estate set to rise this year in Romania especially on the office segment

Real estate transactions in Romania will grow slightly in volume this year, especially on the office space segment, while Dublin, London and the main cities in Germany are the most attractive markets to investors, according to a PwC report released Thursday.

AEW Europe SGP acquires an 8,700 sqm office building on behalf of ERAFP in Clichy

AEW Europe SGP, an affiliate of AEW Europe, has acquired on behalf of French Public Service Additional Pension Scheme, (ERAFP), an 8,700 sqm office building in Clichy (Western suburbs of Paris).

Real Estate Acquisitions Trends in 2014 in Romania

The largest real estate transaction in 2013 was the acquisition of the commercial centre City Park Constanta by New Europe Property Investors (NEPI) in the last quarter of last year. The total value of the transactions with commercial centres, offices and industrial facilities is estimated to EUR 330 million.

Centre-West: The Bucharest zone with potential for new office buildings

The area Floreasca - Barbu Văcărescu, the office developers’ favourite in recent years, starts becoming risky.

Bancpost finances with EUR 17 million the reconversion of City Mall to offices

Bancpost finances with approx. 17 million the reconversion works of the commercial centre City Mall to office building, according to the report of the investment fund Globalworth, controlled by the businessman Ioannis Papalekas, the owner of the building.

Office spaces rented outside Bucharest: huge growth in 2013

The area of the office spaces rented outside Bucharest has increased four times last year, to 23,128 sq. m, Cluj-Napoca occupying the first places considering the transactions volume, according to Esop Consulting.

Ovidiu Şandor: The EUR 25 mil. office building in Cluj to be 75% rented before delivery

The businessman Ovidiu Şandor, the developer of the business park City Business Centre in Timişoara, sold to the investment fund NEPI, estimates an occupancy rate of minimum 70-75% for the office building in Cluj, to be delivered in April this year, following EUR 25 million investments.

Praktiker Group is looking to sell their Romanian properties

German do-it-yourself retail chain Praktiker is seeking buyers for its Romanian operations, which include 27 stores with sales of EUR 142 million in 2012, according to Mediafax.

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