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Articles - area development

Offices outside Bucharest, 11.5 pct of the transactions volume in H1

Office markets outside Bucharest registered in the first six months of 2014 11.5 percent of the transactions volume, in large cities such as Timisoara or Cluj.

Liviu Tudor: The companies in West Gate have expanded on 15,000 sq. m in two years

The companies with offices leased in West Gate office complex in Western Bucharest have expanded the leased areas in the last two years with 15,000 sq. m and there are still intentions in this respect, has declared Liviu Tudor, the owner of the project, mentioning that he will start a new project if he has at least 80 pct. pre-leases.

EU approves EUR 409 million investment in Bucharest subway system

The European Commission approved on Thursday a EUR 409.5 million investment from the Regional Development Fund (FEDR) for the Eroilor – Drumul Taberei subway route currently in development, writes Mediafax.

Florescu, The Advisers: Răzoare Underground will sustain the office development in the area

Horaţiu Florescu, the president of the real estate consultancy company The Advisers Knight Frank and one of the most experienced brokers on the office market, is betting on the development of the area Politehnică - Răzoare - Trafic Greu as a business destination, considering the transactions signed in the last years as well as the underground Drumul Taberei - Eroilor which will enable the access to the area from other districts of the city.

JLL: Politehnica-Orhideea area has potential for the development of 150,000 sq. m offices

There is development potential in the central-western Bucharest (Politehnica-Orhideea) for approx. 150,000 sq. m office spaces, considering over 12 ha are available in this area, according to Attila Peli, the head of the land and development department within JLL.

8 km subway line will connect downtown Timisoara to the airport

Timisoara is well on its way of becoming the second Romanian city to have a subway system. Nicolae Robu, mayor of Timisoara, said there are plans to build a subway line with 8 kilometers in length that would connect downtown to the city’s airport.

Republica Warehouse to be transformed into a scientific park

Bucharest Sector 3’s City Hall intends to buy Republica Warehouse in order to develop a scientific park in the sector, according to a release of the local authorities.

Why is Cluj-Napoca the leader in office building development outside Bucharest

Cluj-Napoca, second largest city in the country, continuously developed during latest years due to the attracted foreign capital and the local business environment. The city’s dimensions, the modern infrastructure and the lower costs are attracting a larger number of investments.

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