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Articles - new office developments

AFI Europe to get EUR 32 million loan from BCR to finance office buildings

BCR lends EUR 32 million to AFI Europe for the completion of the office buildings AFI Park 2 and AFI Park 3. The financing includes EUR 17 million investments loan for AFI Park 2 and a development loan of EUR 15 million for AFI Park 3.

Smaller projects of a big investor

The company Globalworth, controlled by the Greek businessman Ioannis Papalekas, also includes in its portfolio smaller projects, apart the plans of several large office buildings, two of them being part of the brand Development 1.

DTZ: 108,000 sq. m office rented in H1 2014 – highest volume registered for a semester since 2008

Office space in the Capital totaled 2.114 million square meters at the end of June, with 3 percent of the area represented by new deliveries.

Octagon to win EUR 2 million contract for the construction works of PC Business Center offices

Construction company Octagon, controlled by the Greek businessmen Alexandros Ignatiadis and Paschalis Paganias, won EUR 2 million contract for a part of the construction works of the office project PC Business Center, developed by Iridex Group Import Export in northern Bucharest.

Ovidiu Sandor started the construction of the last building of CBC Timisoara with EUR 26 million EU funds

Businessman Ovidiu Sandor started the construction of the fifth building in City Business Centre Timisoara, a project bought by the investment fund NEPI.

The reconversion of City Mall to offices nearing completion

Greek businessman Ioannis Papalekas has another EUR 2.8 million to invest for the completion of the reconversion works of City Mall to office spaces, the project being scheduled for opening this autumn.

JLL: Developers delivered office space for 8,000 employees in H1, but no malls

Real estate developers completed in the first half of 2014 office buildings for another 8,000 employees in Bucharest and 60,000 square meters of industrial space countrywide, but no shopping mall was delivered during this period, according to a report by real estate consulting firm JLL.

NEPI to start construction of the office building near Government in a few weeks

NEPI will start soon the construction works for an office building near Victoria Palace, on the neighbouring site of Ormolu Villa in Bucharest.

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