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Articles

Medium companies office request increasing compared to last year

The medium companies’ office request has increased with 9% in the first term compared to the similar period of last year, considering that the number of such companies looking for offices has increased with 21% in the same interval, according to Esop.

Global Construction to Grow 70% by 2025

The volume of construction output will grow by more than 70 percent to $15 trillion worldwide by 2025, outpacing global GDP, according to the Global Construction 2025 study by Global Construction Perspectives and Oxford Economics. According to the study, 63 percent of global construction activity will take place in emerging markets, up from 52 percent today.

New office building Nowy Swiat breaks ground in Warsaw

The new office building will be located in the heart of Warsaw between the Warsaw Stock Exchange and the city’s most expensive retail street Nowy Swiat.

CBRE: Negative absorption for offices in Slovakia

CBRE registered few reasons for excessive optimism for Slovakia’s office and warehousing sectors in the first quarter of 2013.

Hello Shopping Park in Bacau entered insolvency

Hello Shopping Park, developed by the Belgium’s Bel Rom entered insolvency. The company Bel Rom Cinci, through which the retail project Hello Shopping Park was developed, asked for its insolvency on 2nd of July and Bucharest Court approved the company’s request on 3rd of July.

Q22 - a new office project in Warsaw from Echo Investment

Echo Investment has unveiled its latest construction project Q22 - a 155-metre tall office building located in the centre of Warsaw, at the crossroads of Jana Pawła II Avenue and Grzybowska Street.

Hercesa to change strategy, building 120 residential units under EUR 40,000

Spain’s Hercesa, the owner of several residential projects, but also Cismigiu hotel in Bucharest, states its intention to develop starting next spring residential units for a price smaller than the price of the units developed by now, studios and two roomed apartments at EUR 38,000 respectively.

No significant real estate transactions for Romania in 2Q 2013

Romania did not register any significant real estate transaction in the second quarter of this year, the difficulties in obtaining funding but also the investors view regarding the risk level of the local market being contributing factors of this situation.

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