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Articles

Spectacular Growth of Industrial and Logistic Facilities Transactions

The area of the industrial and logistic facilities transacted in 2013 totalized 150,000-170,000 sq. m, with a spectacular growth compared to the previous year, the production companies being the most active, has declared for Mediafax Marian Orzu, the head of the industrial department within CBRE.

Construction of 24 Floors Office Tower to start soon in Floreasca

Businessman Ioannis Papalekas, one of the most active real estate investors in Romania, has obtained all the permits for the development of an office building on the place of the former showroom Porsche Aviatiei, the beginning of the construction being scheduled for the first months of 2014.

Swan office complex, in insolvency, up for sale

The office complex Swan Office & Technology Park in Pipera-Tunari, in insolvency, was put on auction sale by its judicial administrator, for a starting price of EUER 42.7 million.

Is real estate market in recovery? Good signs for 2014

The real estate market is still in standstill, but signs of a slow recovery exist, the officials of The Insolvency House Transilvania (CITR) said.

Eurostat: Romania ranks 3rd in EU in terms of increase in construction works

Romania ranks 3rd in the European Union in terms of increase in the volume of construction works in October 2013 compared to the previous month, which recorded a decline of 0.3 percent in the EU and 1.2 percent in the Eurozone, according to the data released by the European Statistical Office (Eurostat).

NEPI bought City Park Constanta for EUR 81 million

South-African investment fund NEPI, with assets of almost one billion Euros on the local market, bought for EUR 81 million the City Park in Constanta, developed by Israeli investors, in the largest real estate transaction of this year.

Zehetner, Immofinanz: Big Real Estate Investors Interested in Secondary Markets in Europe. Romania could attract them

Considering the positive macro-economic signals, as the latest market researches show, Romania could also attract the big investors, as they turned their attention towards secondary markets in Europe, said Eduard Zehetner, CEO Immofinanz, the largest real estate investor on the local real estate market.

Liviu Tudor: In 2014 we could assist to important office transactions

In 2014 many of the leases for offices spaces signed in 2009 will expire and the ones signed in 2010 will near their maturity, so we could assist important transactions, considering 2009 was a generous year in new office deliveries.

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Adina Camara

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