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Articles

Hochtief Development leaving Czech market

Hochtief Development is leaving the Czech market. According to CTK, the company’s German headquarters has let its Czech staff go and begun the sale of two office projects the company was working on.

Auchan wants to buy for EUR 19 million former Real building in Pitesti

Auchan Romania intends to buy the commercial space where is located the Auchan Gavana store in Pitesti. The hypermarket chain made an offer of EUR 19 million to the company Rolast in Pitesti, according to Rolast.

Annual inflation rate at 1.21 pct in April 2014

Consumer prices advanced 0.27 percent in April 2014 when compared to the previous month, while when compared to April 2013, consumer prices have gone up by 1.21 percent, according to data released on Monday by the National Institute for Statistics (INS).

Scorseze Ambulance Service rented an office building in Tei area for 10 years

Scorseze Ambulanta Privata, part of Scorseze Security International security companies group expands its activity through the new clinic Scorseze Medical, rented in Northern Bucharest, on Ghica Tei St., according to Esop Consulting, the transaction’s broker.

Ghelamco and GTC competing for PHN’s portfolio

Ghelamco and GTC are competing to take over a substantial real estate portfolio from the state-run Polish Real Estate Holding PHN.

S Group completed Green Gate office building in Bucharest, following EUR 55 million investments

The Czech company S Group Holding completed Green Gate office building near Chirigiu market, the largest office project to be delivered this year in Bucharest, including 31,000 sq. m rentable area, following EUR 55 million investments, according to Mediafax.

Budget minister: The crisis is over! Loan, invest, spend, consume. Romania has recovered

Liviu Voinea, the delegate minister for the Budget, encourages the population and companies to sign up for loans in order to consume and invest more, given that Romania’s economy has recovered from the crisis. The government is expecting a higher GDP growth then the 3.5 percent we recorded in 2013, according to Mediafax.

NEPI and Dedeman took 22 ha land in Timisoara from Cristescu brothers

South-Africa’s investment fund NEPI and the DIY retailer De­deman bought from the brothers Emil and Marius Cristescu and an Italian investor the 22 ha land of the former plastics factory Dermatina in Timişoara in a transaction estimated by ZF to EUR 15-20 million.

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