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Articles

Papalekas: Globalworth’s portfolio to reach EUR 1.1 billion in 2017

Globalworth, the investment fund controlled by the Greek businessman Ioannis Papalekas, ended 2015 with assets of EUR 931 million and estimates that the four buildings to be delivered in 2016-2017, would raise the portfolio’s value up to EUR 1.1 billion.

COS receives premier distinction from Steelcase Inc.

COS, the fully integrated office design & build specialist, has been designated a 2016 Steelcase Platinum Partner, the premier distinction for Steelcase dealerships.

Iulius Company fully leases an office building in the Palas Iasi complex

Iulius Company says it has concluded the leasing process for its United Business Center 6 building in Iasi after UniCredit Business Integrated Solutions (UBIS) moved its operations here.

Futureal returns on real estate market in Romania

Hungarian entrepreneurs Péter and Gábor Futó, father and son, returned on real estate market in Romania through their company Futureal, following their exit due to the crises. They recruited former general manager of Hercesa and aim the residential sector.

IKEA’s real estate division started second major project in Romania

Vastint Romania, local real estate division of the Swedish group Inter IKEA, announced the beginning of works for three new office buildings in the second major project the company develops on the local market. Business Garden Bucharest will replace the former industrial platform Baduc in western Bucharest.

Building permits and urbanism certificates to be issued online in Romania

Romania’s municipalities will be obliged to issue building permits and urbanism certificates online, according to changes to the planning and urbanism law to be put into public debate within a week by Romania’s Regional Development and Public Administration Ministry (MDRAP).

Rockwell Automation expands with offices at Bucharest and Budapest

Rockwell Automation, the world's largest company dedicated to industrial automation and information, expands its business in East and Central Europe and has opened two new offices in Bucharest, Romania and Budapest, Hungary.

Iulian Dascălu registered EUR 67.7 revenues from rents in 2015

Local entrepreneur Iulian Dascălu, on e of the richest Romanians, registered last year a turnover of EUR 67.7 million, 10 pct. higher than in 2014, from renting his five malls and seven office buildings.

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