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Articles

The `Canary Wharf` of Bucharest, the zone where the investors are pumping one billion Euros

The former industrial platforms in the area Barbu Văcărescu – Pipera in Norhter Bucharest have been sold for years to the real estate developers, and their investments have radically changed the image of a region the real estate consultants believe to have potential to become Bucharest’s “Canary Wharf”.

Number of companies declared insolvent drops by about 15 pc

The number of companies that went into insolvency in January dropped by 14.5 per cent, down to 2,054, from 2,403 in the same period of last year, according to the National Trade Register Office (ONRC).

Coresi Brasov commercial centre to be opened in 2015

Coresi Brasov commercial centre will be opened in the first quarter of 2015, the first phase including a hypermarket Auchan, a cinema, a food-court and a commercial gallery.

Bucharest, down three positions in the top of the world’s most expensive office markets

Bucharest went down three positions, to 45th, in the top of the world’s 67 most expensive office markets, although the level of rents in central zone has slightly increased in 20013, according to a study of the real estate consultant Cushman&Wakefield.

The 7 real estate `tycoons` cashed EUR 315 million from rents

Romanian businessmen Iulian Dascălu (Iulius Group), Liviu Tudor (Genesis Development), Gabriel Popoviciu and Radu Dimofte (shareholders of Băneasa project), together with the foreign groups NEPI, Immofinanz, AFI Europe and CA Immo, are the true real estate „tycoons” of Romania, considering this investors had last year total revenues of nearly EUR 315 millions from the rents of the malls and office buildings in their portfolios.

Centrofarm to develop 10 floors office building in Bucharest’s Universitate area

The company Centrofarm, the owner of the pharmacy network with the same name, started the development of a building with 10 floors in Bucharest downtown, in the proximity of Universitatii Square on a plot of land of approx. 2,100 sq. m.

Papalekas completed the acquisition of Tower Center International office building in Bucharest

The real estate portfolio of the businessman Ioannis Papalekas has increased with a new asset: the second tallest building in Bucharest.

First building in Hermes Business Campus, to be completed in March. Xerox, Litera and Fribourg Capital, among tenants

The first of the three buildings included in Hermes Business Campus, the office park developed by Atenor Group in Bucharest, will be delivered by the end of March, has announced Colliers International, the property manager of the complex.

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