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Office Market News

Globalworth buys first building of Green Court Bucharest for EUR 44 mln

Skanska has sold the first building of its Green Court Bucharest office project to Globalworth Real Estate Investments for EUR 44 million, the developer announced today. Closing of the acquisition is scheduled for the second quarter of 2015.

The Office in Cluj-Napoca reaches 80 percent occupancy rate

The first building of The Office, a class A project developed in downtown Cluj-Napoca, by real estate investment fund New Europe Property Investments (NEPI) and Romanian businessman Ovidiu Sandor has reached an occupancy rate of 80 percent, according to the developers.

Wolf Theiss assists VB Real Estate in sale of Romanian subsidiary

Wolf Theiss assisted VB Real Estate Services GmbH with the sale of its Romanian subsidiary, Immorom Sigma to PVN Romania and Inprox Bucuresti, both subsidiaries of the bauMax group, for a consideration of EUR 17 million. The buyers in the transaction were assisted by Noerr.

AEW Europe completes acquisition of €300mn offices portfolio in Paris CBD

AEW Europe completed an acquisition - on behalf of an institutional investor – of 4 office assets from SIIC de Paris.

GTC negotiates the takeover of three office buildings

Real estate company GTC, the developer of project in Bucharest such as America House in Piaţa Victoriei or the towers City Gate in Piaţa Presei, is analyzing the possible acquisition of three office buildings in Bucharest, two of them owned by companies of bank group Volksbank.

Stefanini Romania to hire 120 people by yearend

Stefanini will create 120 new jobs in Bucharest and Sibiu by the end of the year. The outsourcing company wants to hire 20 specialists for its service center in Sibiu and 100 people for the Bucharest center by the end of December.

ZEW: Romania’s economic outlook has improved

The financial analysts’ perception of Romania’s economic outlook over the next six months has improved slightly in November, from 20 points last month to 23.6 points, ZEW data show.

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.

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