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Articles

Bucharest One, the office tower with 23 floors Papalekas intends to develop in Bucharest is on schedule

Businessman Ioannis Papalekas is preparing the construction of an office tower near Promenada mall in Bucharest. The constructions on the plot where Porsche Aviaţiei showroom functioned until this year were demolished, Globalworth having in plan for next year the development of a tower on 23 floors.

Max Bogl awarded EUR 2.7 M contract for additional work on Fifth Metro Route

Metrorex has awarded German Company Max Bogl a RON 12.2 M (EUR 2.7 M) contract, VAT non-included, for additional construction work on the Fifth Metro Route between Drumul Taberei and Pantelimon, Mediafax informs.

Bucharest Office Vacancy Rate Grows in 2014 and Drops in 2015

The office vacancy rate in Bucharest will increase next year with 1.2 pct. to 14.7%, and will decrease to 14% in 2015, the office stock registering 20% growth between 2013 and 2015, a research of Cushman&Wakefield (C&W) showed.

Skanska's first office project in Katowice

Silesia Business Park will be a complex of four office buildings with a combined office GLA of 46,000 sqm, making it the largest development by Skanska Property Poland to date.

Adamescu to add cinema and skate-rink to Brasov mall with BCR loan

Unirea Shopping Center Bucureşti (SCDM), controlled by Adamescu family has mortgaged a plot of land in Braşov to BCR, where intends to expand the mall. The investment in doubling the mall’s capacity will be EUR 50 million, according to Carmen Adamescu.

DTZ Echinox Took Over Cocor’s Property Management

The real estate consultant DTZ Echinox was designated the property management of Cocor commercial centre, starting December 1st 2013.

Ion Sturza Completed First Phase of Liberty Technology Park Cluj

Ion Sturza, former prime minister of the Republic of Moldova and former partner of Dinu Patriciu in Rompetrol, inaugurated yesterday the first two buildings of the project Liberty Technology Park Cluj, a total investment of EUR 25 million.

Kaufland Opens New Store in Bucharest

German retailer Kaufland, the biggest food retailer in Romania has opened this week in Pantelimon district, the network’s sixth store in Bucharest.

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