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Articles - new office developments

EUR 40 mln real estate project to be built on the grounds of former Grivita brewery in Bucharest

Kiseleff Development wants to build a EUR 40 million real estate project on the grounds of the former Grivita brewery in downtown Bucharest and over the ‘next period’ it will begin works to clear the site, announced today representatives of Element Development, the project’s developer.

Office developers active across CEE

Developers have been very active in the Warsaw and Prague office markets in recent years. However, these leading CEE markets are victims of their own success as concerns over vacancy rates are causing developers to re-consider the Budapest and Bucharest office markets.

Bucharest City Hall approves the construction of 45m building in Dorobanti area

The Urban Plan allowing the construction of a building with a height of 45 m in Dorobanti area in Bucharest was approved by the City Hall, the building including a hotel, a casino, commercial premises and offices.

AFI starts the construction of the last two office buildings near Cotroceni mall

AFI Europe Romania starts the construction of the last office towers in the close vicinity the mall AFI Palace Cotroceni.

Green Gate, the biggest office project in Bucharest delivered in 2014

The company S Group Holding from Czech Republic founded and managed by din Martin Borovicka, will complete next month near Chirigiu Market in Bucharest the biggest office project to be delivered this year – a building with a rentable area of 31,000 sq. m, developed with an investment of nearly EUR 60 million.

Signs of renewed interest in Romania

The question remains as to when Romania will regain its status as a popular destination for investors and developers with a yield premium on Central Europe and office and retail development opportunities in Bucharest and major regional cities.

60 pct of office space to be delivered this year still doesn’t have tenants

Real estate developers face the grim reality that 60 percent of the office buildings that they will deliver this year don’t have any tenants. Depending on the project, the level of free space ranges from 0 percent to 100 percent according to data centralized by Mediafax.

Gheorghe Iaciu bought Moldova Mall in Iaşi and plans partial office reconversion

The businessman Gheorghe Iaciu, who has strongly invested in stock in latest years, taking over important shares in SIF Muntenia and in real estate developer Impact, also has bought early this year the commercial centre Moldova Mall in Iaşi with the intention to reconvert half of the project to office spaces.

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