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Articles

ParkLake reached 94pc of total GLA for its September opening

ParkLake, a Sonae Sierra and Caelum Development Joint venture project, announces the opening for September 2016 with further tenant agreements reaching over 94pc of its Gross Leasable Area (GLA). The new tenants range from clothing, sports equipment and toys to sports and fitness services providers.

Immochan received in January EUR 14.3 million capital infusion from shareholders

Immochan Imobiliare SRL, the real estate division of the French group Auchan, received a capaital increase of EUR 14.3 million from its major shareholders.

Alpha Bank took over Cubic Center office building in Bucharest

Cubic Center office building, developed by the businessman Dinu Patriciu, was taken over by Alpha Bank, in the account of its debts. The building is 31 pct. occupied, tenants including Agricover, Promidea, Nexte Bank, Patria Credit and Luatel.

The founder of Urgent Curier, ready to take over an office building in Floreasca, Bucharest

Sebastian Bă­lă­şescu, one of the founder of the company Urgent Curier, which merged over an year ago with Cargus is in advanced negotiations to take over an office building in Floreasca area, according to sources in the market.

Number of new companies with foreign capital, down by a quarter in Romania

The number of companies with foreign capital that were set up in January dropped by 25% compared to January 2015.

Romania to launch two investment funds for IT startups

The Government wants to create two investment funds with a total budget of over EUR 100 million to finance IT startups.

CBRE appointed to lease first office buildings within Timpuri Noi Square project developed by Inter IKEA in Bucharest

Real estate consultant CBRE was appointed by Vastint Romania, the real estate division of Swedish group Inter IKEA, to lease the first two office buildings, totalizing 33,000 sq. m, within Timpuri Noi Square project.

Average apartment prices go over EUR 1,000 per sqm in Romania

The prices of apartments put up for sale in Romania grew by 4.5% in February compared to January and by 9.8% year-on-year.

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