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RABO: 50% of the building maintenance costs are expenses that could be diminished

The building maintenance costs could be reduced down to 50% through an efficient space management and associated services, said Ioan Bejan, Secretary General of RABO (Romanian Association of Building Owners).

Romania had in March the biggest growth in EU regarding the construction works

Romania had in March 2013, compared to February 2013, the biggest growth of the construction works in EU, 2.8%, on the background of a general EU decrease with 1.1% and of a general euro zone decrease with 1.7%, according to Eurostat.

The number of real estate transactions increased with 32%

The number of real estate transactions increased with 32% in the first four months of the year to 262,649, compared to 199,362 transactions in the same period of last year, according to the National Agency for Cadastre and Real Estate Advertising.

Half of the offices to be delivered by the end of the year in Bucharest are already pre-leased

By the end of the year, another 63,000 sq. m office space will be delivered in Bucharest, apart the 72,000 sq. m delivered in the first quarter.

Kaufland started the construction works for a new store near National Arena

The German company Kaufland, the local market leader for food trade, started this week the prepairing works for the new hypermarket in Bucharest, on a part of the former industrial platform Electroaparataj from Pantelimon neighbourhood.

The Phantom Mall in Brăila could be sold for less than EUR 15 million

The bankrupt mall in Braila, Armonia Mall, closed in 2009, did not find a buyer at the last session of direct negotiation, even if there is interest in it, have declared for ECONOMICA.NET the CITR representatives.

Relocations still rule the office market: 75% of the activity at the beginning of the year

The occupancy rate of the office buildings continues its ascendant trend, while the basic rent remains constant, CBRE officials have said. At the same time, Bucharest office market will continue to be dominated by relocation transactions.

Immochan to build residences for EUR 700/sq. m at Coresi Brasov

Immochan intends to build residences for EUR 700/sq. m included in the Coresi project in Brasov and is currently negotiating a partnership with a developer willing to start the construction in one year, has declared Tatian Diaconu, managing director Immochan Romania.

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