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Articles

Swiss company SIG Combibloc invests EUR 4 mln in Cluj center within The Office

Swiss company SIG Combibloc, global leader in packaging for food and beverages, opened on December 15 the first Business Services Center in Europe, in Cluj-Napoca, following a EUR 4 million investment.

AFI Europe Romania leases 6,000 sqm in AFI Park 4&5

Real estate developer AFI Europe Romania has signed several new lease contracts for over 6,000 sqm of office space in AFI Park 4&5, the company has announced.

The Office secures BREEAM Excellent certification for second development phase

The second development phase of The Office in Cluj-Napoca developed by NEPI and Romanian entrepreneur Ovidiu Sandor has secured a BREEAM Excellent certification, according to BuildGreen, the company that managed the certification process.

NEPI merges with Rockcastle

Real estate group NEPI, also present on the Romanian market, and Rockcastle are to merge and create a new entity, NEPI Rockcastle PLC, registered in the Isle of Man. The transaction will have an exchange ratio of 4.5 Rockcastle shares for 1 NEPI share.

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

Foreign companies made direct investment in Romania worth EUR 3.73 billion in the first ten months of the year, up 9% compared to the same period last year.

Modern office space in Bucharest exceeds 2.5 million sqm

The stock of modern office space in Bucharest has exceeded 2.5 million square meters this year. Another 80,000 sqm will be delivered by the end of the year, according to a report of CBRE.

Immofinanz leases 16,000 sqm of its Bucharest office portfolio

Immofinanz, one of the important real estate investors in Romania, has signed since June 2016 new partnerships and extensions of agreements with tenants in the local office sector, accounting for a total of over 16,000 sqm. The company has attracted new tenants and expansions for 11,500 sqm and has prolonged existing contracts for another 4,500 sqm in seven of its class A office properties in Bucharest, according to a press release

Romania’s constructions sector down in October by 0.1 pct

The constructions works registered a drop in October by 0.1 percent compared with the same month of 2015, because of the decline in infrastructure works, while the residential constructions works went up significantly, according to the data published by the National Institute of Statistics (INS).

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