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Record Lease Transactions on the Office Market in 3Q

Bucharest’s total office area subject to rental transactions in the third quarter reached over 84,500 sq. m, the highest level registered in the last two years, according to CBRE report.

Parklake Mall to Begin Construction in Bucharest’s Titan District

The construction of the commercial centre Parklake Plaza in Titan district of Bucharest, postponed for years, will start in December this year, with an estimated investment of EUR 180 million.

Atrium Center Arad, Took Over by a Company Owned by Hungarian Businessman Sandor Demjan

Demján Group, owned by the Hungarian businessman Sandor Demjan, took over the commercial centre Atrium Center din Arad, which will be managed by one of the companies of the Hungarian group, TriGranit Management Corporation.

World Trade Center complex in Bucharest Registered 3 pct. Revenues Growth

World Trade Center (WTC) in Bucharest, in insolvency since 2011, ended the first nine months of this year with revenues of EUR 6.43 million, 3% increase compared to the similar period of last year, according to the company’s officials.

Romania 2013 Economic Growth Estimated to 2.2 pct

Romania will record 2.2 percent growth this year as compared to the previously-estimated 1.6 percent and its economy will expand next year by 2.1 percent as compared to the previous forecast of 2.2 percent, according to the autumn predictions made public by the European Commission on Tuesday.

Online Retailer evoMag Invested EUR 100,000 in New Headquarters and Showroom in Bucharest

Online IT&C retailer evoMag has invested EUR 100,000 into new headquarters and showroom as more than 10 percent of the sales registered by the online retailer actually take place in the showroom.

Diaconu, Delta ACM 93: We’ve started giving ourselves Work

Businessman Florea Diaconu, who controls the Bucharest based construction company Delta ACM 93, with EUR 113 million turnovers last year, said he decided to involve in a residential project of EUR 40 million in southern Bucharest, on the background of construction works diminish on local market.

Benevo Appointed CFO from GTC

Real estate investment group Benevo, headed by the Canadian Michael Topolinski, has appointed Aviram Mor as new CFO, a manager working for the last seven years within the real estate development company GTC.

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