Articles - new office developments

CA Immo to start EUR 70 million project Orhideea Tower next spring

Austrian group CA Immo, which sold assets in Romania for EUR 130-140 million, intends to start works for a new office project in Orhideea area next spring, which is a EUR 70 million investment announced few years ago.

DTZ Echinox: New office demand up by 40 pct in Bucharest in first nine months

Some 195,000 sqm of office space were leased in Bucharest in the first three quarters of this year, take-up representing 80 percent or about 156,000 sqm (up by 25 percent y-o-y), according to data from DTZ Echinox.

NEPI to raise EUR 100 mln for Promenada Mall acquisition, buys new land plot for new office development

South-African real estate investment fund New Europe Property Investment (NEPI) will raise another EUR 100 million new capital via an accelerated book build (ABB) to finance the acquisition of the Promenada Mall in Bucharest, Romania, and other future projects, the fund announced on Monday.

Sema Parc launches new phase of its office project

Sema Parc group, controlled by businessman Ion Radulea, announced the launching of a new stage of its real estate project in Bucharest, namely two office buildings, Office 3 and Office 4.

Biggest business park in Romania

According to market information, the Bog’Art constructions company has started last week to demolish the former administrative buildings of the Farmexim pharmaceutical group. In their place, Ioannis Papalekas will build the biggest business center in Romania.