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Articles

Echo Investment sells Polish project AquarIus Business House for €66.5M

Echo Investment has signed a preliminary sales agreement concerning Aquarius Business House, the office building it is developing in central Wrocław.

Atenor signs first tenant to Vaci Greens in Budapest

Atenor, Belgian developer listed on Nyse-Euronext, announced the signing of a lease agreement in VaciGreens Building A in Budapest with SYKES, leading provider of customer contact management solutions and services. SYKES will occupy 2125m² on an entire floor.

Greek businessman Papalekas to build new residential in Bucharest

After buying a mall, two office buildings and some lands, Ioannis Papalekas, one of the most discreet investors in real estate is currently developing a new residential building with 36 apartments in the northern area of Bucharest.

AdePlast opens EUR 3.2 mln polystyrene factory in Oradea

Romanian construction materials manufacturer AdePlast opened this week a EUR 3.2 million polystyrene factory in Oradea, western Romania. The company also owns production facilities in Ploiesti and Roman.

AFI Europe obtained the construction permit for its second mall in Bucharest

AFI Europe obtained the construction permit for its second mall in Bucharest, located in Bucurestii Noi, the development being due to start this year or in the first months of next year and also intends the development of 60,000 sq. m office complex on the plot of the former Inox factory.

RABO: 50% of the building maintenance costs are expenses that could be diminished

The building maintenance costs could be reduced down to 50% through an efficient space management and associated services, said Ioan Bejan, Secretary General of RABO (Romanian Association of Building Owners).

Romania had in March the biggest growth in EU regarding the construction works

Romania had in March 2013, compared to February 2013, the biggest growth of the construction works in EU, 2.8%, on the background of a general EU decrease with 1.1% and of a general euro zone decrease with 1.7%, according to Eurostat.

The number of real estate transactions increased with 32%

The number of real estate transactions increased with 32% in the first four months of the year to 262,649, compared to 199,362 transactions in the same period of last year, according to the National Agency for Cadastre and Real Estate Advertising.

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