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Office Market News

The constructor Atlas SA Galati entered insolvency

Atlas SA, one of the biggest constructors in Galati district, with businesses exceeding EUR 6 million in 2012, entered insolvency, according to Bucharest Stock Exchange.

EY: More companies bet on growing business in 2014

A new Ernst & Young study shows that 40% of Romanian business leaders are confident in the growth of their businesses in 2014, up from just a quarter of them in 2013. 28% of respondents foresee a significant growth of +10 to +30% for their company’s turnover in 2014 compared with 25% in 2013, while 67% expect a growth rate of +5 to +10%, compared with just 51% at the beginning of last year.

Mega Image premises and 15 villas in Green City, sold for EUR 1.3 million

Euro Insol, the liquidator of Clean Optim Serv, the company used by the businessman Dumitru Bucşaru to develop part of the residential complex Green City in 1 Decembrie village from Ilfov county, sold a package of 15 villas within the complex for EUR 602,000, as well as the premises of Mega Image supermarket, for EUR 701,000.

Metro Systems Romania will extend its rented surface in Brasov Business Park

Starting March 1st 2014, METRO SYSTEMS Romania S.R.L., a subsidiary of METRO SYSTEMS GmbH, offering support in the business with their IT competence in developing and operation, will extend its operations in Brasov by renting an additional surface of 77,28 sq.m. to the actual rented surface of 224,5 sq.m.

The construction company of the richest businessman in Mures enters insolvency

The company Contranscom Benţa, part of Benţa group of companies, controlled by Remus Benţa, entered insolvency in the end of January.

Iulian Dascalu had almost EUR 65 mln income from Iulius malls and Palas Iasi complex

The four commercial centres branded Iulius Mall and Palas Iasi complex, owned by the businessman Iulian Dascalu, had a total turnover of EUR 64.56 million last year, with 16% growth compared to 2012, according to data released by Iulius Group, Mediafax writes.

Real estate transactions number, 17 pct. growth last year

The number of the real estate transactions has grown with 17% last year, compared to 2012, to 824,989 operations, most of them being registered in Bucharest and the fewest in Teleorman district.

NEPI’s shareholders, 73.5 pct. income growth

South Africa’s investment fund New Europe Property Investments (NEPI) reported for last year a profit for its shareholders of EUR 57.46 million, 73.5% bigger than the profit registered last year, EUR 33.1 million.

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