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Articles - new office developments

MedTech , New Science and Technology Park to be Developed near Oradea University

Oradea will see a large office investment in a new technology park on a plot of five hectares situated in the vicinity of Oradea university, a project estimated at nearly EUR 10 million.

NEPI to Open in May Its New Office Project in Bucharest, Aviatorilor 8

The brand new office project of NEPI, named Aviatorilor 8 and situated in Victoriei Square in Bucharest, in the vicinity of the Government headquarters, Victoria Palace, will be completed and inaugurated in the beginning of May, according to sources in the market.

George Copos Buys From GTC the Other Half of Ana Tower Office Project in Bucharest

Romanian businessman George Copos is now the sole shareholder of the company Ana Tower Offices, the development vehicle of the office building Ana Tower in Bucharest, following the transaction of buying 50 pct. of the shares of the company from the co-owner company Global Trade Centre (GTC).

Office Complex Vox Technology Park in Timișoara Receives Syndicated Loan from Transilvania and OTP Banks

Transilvania Bank and OTP Bank agreed to finance the office complex Vox Technology Park in Timișoara, the only one in Europe where the access will be granted by biometric identification, based on physical traits.

Romanian investor Iulian Dascalu starts working on the tallest building in Romania

Romanian real estate developer Iulius group, controlled by local investor Iulian Dascalu, will start working on three new buildings within the Openville Timisoara mixed real estate project this spring.

Real estate developer Vastint received EUR 20 million from shareholders in December

Vastint Romania, the real estate division of the Swedish group Inter IKEA, has received EUR 20 million from its Dutch shareholders in December, according to data published by the Romanian Trade Registry.

Forte Partners conducted last year real estate projects with a market value of EUR 100 million

Real estate developer Forte Partners conducted in 2016 two office projects with a total market value of EUR 100 million: Ștefan cel Mare, boutique building situated in downtown Bucharest (EUR 19.5 million) and The Bridge, business park situated in the area of Basarab passage (EUR 80.5 million).

Nearly 11,000 jobs were created in the new office buildings last year

Nearly 30 pct. of the total transactions in 2016, namely 110,000 sqm, represented expansion transactions and new office request, according to CBRE, which totals office space for 11,000 new jobs, considering the average of 10 sqm/employee.

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