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Articles

Office buildings developed in record time in Iasi, Romania

The labour potential available in the IT industry is larger Iasi then in any other region in Romania, and the real estate developers are ready to build office buildings on any area in record time, said Bogdan Piţigoi, 46, one of the largest entrepreneurs in Iaşi.

Romanians sign almost 300,000 real estate deals by end-April

Romania saw almost 297,000 real estate transactions in the first four months of the year, up by more than 28,000 compared to the same period in 2015, reports local Profit.ro.

Owner of Green Gate office building pays back EUR 10 million of its construction loan

S Group has increased the capital of the Romanian company Green Gate Development, the developer of an office Building in Bucharest, with EUR 9.85 million. The amount is used to pay back part of EUR 14.6 million loan took in 2007.

P3 bought land near Bucharest in its second real estate transaction this year

Real estate developer P3, specialized in logistics and industrial facilities development, bought a plot of 8.6 ha in Domneşti , near Bucharest. The acquisition price is about EUR 0.8 million, according to Capital magazine estimations.

Swedish software provider ENEA expands Iasi based operations

Swedish software provider ENEA opened its first center outside of Bucharest in the UBC 3 office building within the Palas ensemble in Iasi and is currently developing its operations. The software maker is recruiting over 100 employees to fill the Software Developer and Manual/Automatic Tester positions.

Globalworth raises EUR 180 mln from bond sale to Canada Pension Plan Investment Board and Cairn Capital

Globalworth Real Estate Investments, one of the main property developers in Romania, has signed a three-year EUR 180 million secured bond transaction fully subscribed by Canada Pension Plan Investment Board (CPPIB) and Cairn Capital.

Immofinanz: Companies and their employees want more than an office with computer, they also want retail areas

Modern corporatist is no longer satisfied with having the office in a new building, but they are running for facilities which make the work environment more efficient, considers one of the largest office developers in Romania, represented by Sorin Vişoianu, leading the operations in Romania of the Austrian giant Immofinanz.

Analysts’ perception on Romanian economy still positive

Financial analysts are still optimistic about the prospects of the Romanian economy on the short term, although the perception on the current economic situation has slightly worsened compared to the previous month.

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