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Articles

One of world’s biggest banks finances Papalekas tower in Bucharest

Globalworth, the company founded by the businessman Ioannis Papalekas in order to gather under the same company more properties in Romania, has obtained a loan for the development of the office tower.

Romania GDP expands at the fastest rate in EU

The Romanian economy grew at the fastest pace in the European Union in the fourth quarter of 2013 compared with the previous three months, official data showed Friday, quoted by Mediafax.

PwC: Real Estate set to rise this year in Romania especially on the office segment

Real estate transactions in Romania will grow slightly in volume this year, especially on the office space segment, while Dublin, London and the main cities in Germany are the most attractive markets to investors, according to a PwC report released Thursday.

AEW Europe SGP acquires an 8,700 sqm office building on behalf of ERAFP in Clichy

AEW Europe SGP, an affiliate of AEW Europe, has acquired on behalf of French Public Service Additional Pension Scheme, (ERAFP), an 8,700 sqm office building in Clichy (Western suburbs of Paris).

Real Estate Acquisitions Trends in 2014 in Romania

The largest real estate transaction in 2013 was the acquisition of the commercial centre City Park Constanta by New Europe Property Investors (NEPI) in the last quarter of last year. The total value of the transactions with commercial centres, offices and industrial facilities is estimated to EUR 330 million.

Centre-West: The Bucharest zone with potential for new office buildings

The area Floreasca - Barbu Văcărescu, the office developers’ favourite in recent years, starts becoming risky.

Bancpost finances with EUR 17 million the reconversion of City Mall to offices

Bancpost finances with approx. 17 million the reconversion works of the commercial centre City Mall to office building, according to the report of the investment fund Globalworth, controlled by the businessman Ioannis Papalekas, the owner of the building.

Office spaces rented outside Bucharest: huge growth in 2013

The area of the office spaces rented outside Bucharest has increased four times last year, to 23,128 sq. m, Cluj-Napoca occupying the first places considering the transactions volume, according to Esop Consulting.

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