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Articles - new office developments

Developers of Lotus Center Oradea invest EUR 60 mln in new real estate project

The developer of the Lotus Center Oradea shopping center will invest EUR 60 million in a mixed-use real estate project to be built in the western Romanian city, the company has announced.

Vastint gets permit for second office complex in Bucharest

Vastint Romania, the local real estate division of the Swedish group Inter Ikea, has received the permit to build a new office complex in Bucharest’s Orhideea area.

Immofinanz on track to deliver Metroffice in Q2 2016, says the developer

Construction works on the three building Metroffice office project in Bucharest are advancing according to plan, Immofinanz announced, taking it a step closer to the scheduled Q2 2016 delivery.

NEPI has 5 real estate projects in construction and 4 in pipeline, with more than EUR 175 million investments

South-Africa’s investment fund New Europe Property Investments (NEPI) has five real estate projects in construction, including three commercial centres and two office projects, with an area of more than 100,000 sq. m and more than EUR 100 million investments.

Papalekas owns half of the Romanian `City`

Globalworth, founded and controlled by the Greek businessman Ioannis Papalekas, bought with EUR 47 million the second building within Green Court Bucharest office complex from the Sweden’s Skanska.

Knight Frank appointed leasing agent for the future office building in Stefan cel Mare area in Bucharest

Real estate consultant Knight Frank was appointed as exclusive agent of the office project built by the developer Forte Partners at the crossroad of Ştefan cel Mare Road with Tunari St..

Interview with Mr. Sorin Visoianu, Country Manager Office & Logistics Romania and Bulgaria at IMMOFINANZ

IMMOFINANZ, one of the largest office owners on the local market and the developer of a new business project in the heart of the office district in Bucharest, is for sure a precious source of information regarding the local market’s current situation and future trends. Pundits say the real estate market in Romania gives healthy signs of recovery and growth. We interviewed Mr. Sorin Visoianu, Country Manager Office & Logistics Romania and Bulgaria for IMMOFINANZ, in order to see how one of the largest office owners prepares for the changes on the market.

The request from IT&C and BPO companies could tilt the balance between Orhideea-Center West and Barbu Văcărescu-Center North office fashion areas

According to a study by ESOP Consulting, in 2017, only in the Orhideea area will be delivered class A office spaces with a total surface of 93,000 sqm (in Orhideaa Towers, The Bridge projects) and in the entire center - west area (including Politehnică-Cotroceni area) will exceed 130,000 sqm, like the total stock of deliveries this year in Bucharest.

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