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Articles

Skanska invests EUR 38 million in new office project in Bucharest

Skanska Construction Romania, owned by the Swedish group Skanska, will invest EUR 38 million in the first office building of the Campus 6 project located in Western Bucharest, near the Polytechnic University.

Romanian entrepreneurs may buy EUR 150 mln office park from Israeli billionaire

Romanian entrepreneurs Dragos and Adrian Paval, the owners of the biggest local DIY retailer – Dedeman, are preparing to buy the five AFI Park office buildings in Bucharest, according to sources in the real estate market quoted by local mergers and acquisitions journal Mirsanu.ro.

Ikea plans EUR 500 mln investments to open more stores in Romania

Swedish retailer Ikea announced it plans total investments of EUR 500 million to reach a number of nine stores in Romania. The company currently has one store open in the Baneasa area of Bucharest, with a second one set to open in the capital, on Theodor Pallady boulevard, in 2018.

America House office building in Bucharest put on sale

Real estate institutional investor AEW Europe, owned by Natixis and La Banque Postale, put on sale the office building America House in central Bucharest district, after almost ten years from its acquisition with a record yield, according to sources in the real estate market.

Following merger with Carpatica, Patria Bank relocates to Nusco Tower

Patria Bank will relocate starting this spring, following completion of merger with Carpatica Bank, to a new headquarters, in Nusco Tower – an office building in northern Bucharest. The lease is signed for nearly 3,000 sqm offices.

Foreign direct investment in Romania sees record level of the last eight years

Foreign companies carried out direct investment in Romania worth EUR 3.9 billion in the first eleven months of 2016, up 22% over the same period last year.

Romania’s constructions works volume falls 13.3 pct in November, says INS

The constructions works volume dropped by 13.3 pct in November 2016, compared with the same period of 2015 and as adjusted series according to the number of working days and seasons, it dropped by 9.9 percent, according to the data published on Friday by the National Institute of Statistics (INS).

AdamAmerica buys Construdava office building

AdamAmerica purchased the Construdava building in Bucharest from Aberdeen Asset Management Deutschland AG. This is the third transaction in which Aberdeen Asset Management Deutschland AG was advised by Colliers International.

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