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Articles

NEPI refurbishes its Braila Mall and expands it by 2,450 sqm

New Europe Property Investments (NEPI) has started works of expansion and refurbishing on its Braila Mall, according to a company press release. With a delivery date set for the end of 2016, works currently carried out will take the shopping center’s total leasable area to 57,250 sqm.

Individual real estate developers in Romania to be taxed as PFA for their revenues from transactions

Real estate developers which are individuals will be taxed with 16 pct, as the independent activities, apart from 2 pct or 3 pct on the sale price, according to the modification proposals of the Fiscal Code, debated by the Ministry of Finance.

Over 200,000 people now work in class A or B office buildings in Bucharest, says DTZ

Some 204,000 people were working in modern class A or B office buildings in Bucharest at the end of Q4 2015, according to data from real estate services firm DTZ Echinox. It is for the first time when this number surpasses the 200,000 employees’ threshold, according to the company.

Mall with offices, the new bet of Bucharest’s developers

„The mall and associated parking spaces increase the attractiveness for everything around them. The attractiveness of a mixed-use project is higher than of a simple one“.

Official launch - Workspace Studio and Herman Miller showroom in Romania

Workspace Studio – Ergonomos group of companies became Dealer Partner in Romania for Herman Miller, the worldwide leader of the ergonomic chairs and office furniture systems, has announced Horațiu Didea, Managing Partner. The series of events will take place in Sky Tower building, 246 C Calea Floreasca, 18th Floor, Bucharest, between 7th of March to 11th of March.

Moldova Center obtained green certificate BREEAM Very Good

Moldova Center, the A class office building owned by Gheorghe Iaciu in Iași, Romania, has recently obtained the green certificate BREEAM Very Good.

Portland Trust, award for most innovative office project transacted in 2015

The real estate developer and asset manager Portland Trust received the “Most innovative office project transacted in 2015” Award at Forbes Best Office Buildings Gala 2016, for the green office complex Floreasca Park. The prize was awarded to Florin Furdui, Country Manager for Portland Trust, on Thursday evening during the awards ceremony at the Hotel Sheraton in Bucharest.

Subway line to Otopeni Airport could be used by 2020 in ‘very optimistic’ scenario

The minister of Transport, Dan Costescu, says the new subway line linking Bucharest to the Henri Coanda Airport in Otopeni could be finished in the next four year, but only if the construction works are started this year.
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