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Industrial Market: the Effects of the Real Estate Spec Disappearance

The players on the industrial real estate market applied this year a safety policy, and the number of the speculative constructions was insignificant.

H&M Opens First Street Store in Romania

Sweden’s fashion retailer H&M opened its first street store in Romania in the Old Centre in Bucharest.

Tetapolis Scientific and Technological Park received the operating permit

The president of the Local Council Cluj, Horea Uioreanu, received the operating permit for the scientific and technological park “Tetapolis”, a press release shows.

Alpha Bank Bought Residential Tower in Colentina for EUR 11.4 Million

Alpha Bank bought Blue Tower residential project in Colentina, including 156 apartments, for EUR 11.4 million plus VAT.

Approx. 28,500 sq. m Industrial Spaces Rented in 3Q in Romania

Approx. 28,500 sq. m industrial spaces were rented in 3Q 2013 in Romania according to a research conducted by Jones Lang LaSalle, AGERPRES informs.

Real Estate Transactions, Increasing in Romania

The number of the real estate transactions has increased with more than 87,000 in the first nine months of the year compared to the similar period of 2012, reaching 598,734.

New Business Center in Craiova, 5 Million lei Investment

A new business centre with more than 1,000 sq. m usable area and office area for ten companies will be built in Craiova, the mayor Lia Olguta Vasilescu has announced.

Special Property Tax – 1.5% of the Construction Value

The special properties tax will be 1.5 % of the construction value, to be calculated, for the roads infrastructure, depending on the sidewalks and road signs, also being applied on gutters and pillars for telecommunication antennas.

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