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Articles

Half of the offices to be delivered by the end of the year in Bucharest are already pre-leased

By the end of the year, another 63,000 sq. m office space will be delivered in Bucharest, apart the 72,000 sq. m delivered in the first quarter.

Kaufland started the construction works for a new store near National Arena

The German company Kaufland, the local market leader for food trade, started this week the prepairing works for the new hypermarket in Bucharest, on a part of the former industrial platform Electroaparataj from Pantelimon neighbourhood.

The Phantom Mall in Brăila could be sold for less than EUR 15 million

The bankrupt mall in Braila, Armonia Mall, closed in 2009, did not find a buyer at the last session of direct negotiation, even if there is interest in it, have declared for ECONOMICA.NET the CITR representatives.

Relocations still rule the office market: 75% of the activity at the beginning of the year

The occupancy rate of the office buildings continues its ascendant trend, while the basic rent remains constant, CBRE officials have said. At the same time, Bucharest office market will continue to be dominated by relocation transactions.

Immochan to build residences for EUR 700/sq. m at Coresi Brasov

Immochan intends to build residences for EUR 700/sq. m included in the Coresi project in Brasov and is currently negotiating a partnership with a developer willing to start the construction in one year, has declared Tatian Diaconu, managing director Immochan Romania.

NEPI registered EUR 11.2 million profit, well above its gain from similar period of 2012

The south-African real estate investment fund New Europe Property Investments (NEPI) registered in the first quarter a profit for its shareholders of EUR11.2 million, well above same quarter of last year, EUR 926,000.

Panduri Medical Centre leased an office building near Arcul de Triumf

Panduri Medical Center signed for an entire office building of 500 sq. m situated near Arcul de Triumf, on Clucerului St. in Bucharest, a transaction assisted Esop Consulting.

New top management for Skanska Romania

Skanska activity in Romania will be headed by Marcin Lapinski, who took over the position of Skanska Property president, a position former held by Andreas Lindelof and Richard Burleigh, currently named as Skanska Construcţii Romania president.

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