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Articles - new office developments

Arval, Venchi and BNP Paribas Cardif among Ethos House tenants

Ethos House, the office project developed by Gktosis Anstasios in Bucharest, will be completed on October 1st, the developer has announced. The 8,000 square meter office building located on Calea Floreasca represents a EUR 7 million investment with Arval, BNP Paribas Cardif and Venchi among the first announced tenants.

Belgium’s Atenor to begin this autumn EUR 30 million investment in an office building in Pipera

Belgian group Atenor, which completed this spring its first project on the local market – an office building within the business park Hermes Business Campus in Pipera – will start this autumn the works for the second building of the complex, the investors being encouraged by the lease agreements signed in the last six months.

CON-A is the general contractor also for second phase of Liberty Technology Park

Romanian construction company CON-A will be the general contractor also for the second phase of the project Liberty Technology Park in Cluj.

92,000 sq. m offices delivered in Bucharest in 1Q, but half of them are vacant

In the first half of this year offices were completed in Bucharest with a rentable area of 92,000 sq. m, but approx. half of these spaces don’t have yet tenants, according to a ZF analyze of the market data.

Skanska invests EUR 33 mln in Green Court phase II

Swedish developer Skanska will invest EUR 33 million in the second development phase of the Green Court office project and intends to end construction work on the new building in May 2015, writes Mediafax.

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.

Globalworth wants to attract the giant Deutsche Telekom in its future office projects to develop in Pipera

Globalworth, the company founded by the businessman Ioannis Papalekas, has recently bought the nearly three hectares of land of the former Farmexim warehouses in Pipera in a transaction of EUR 14.3 million.

New offices for 20,000 employees in construction in Bucharest

The real estate investors are working in Bucharest at new office projects on a total area of approx. 160,000 sq. m, where approx. 20,000 people could work, and the consultants say that the developers are mainly focused on attracting companies from other building than on new business.

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