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Office Market News

Xella Romania appoints new CEO

Marius Dragne is the new CEO of Xella Romania, the Romanian subsidiary of German building materials manufacturer Xella. He has previously worked as sales and marketing director

Meli Melo extends to Bulgaria and aims for new markets

Meli Melo Paris, one of the main local fashion jewellery and accessories in Romania, has opened its first store in Sofia, Bulgaria, with EUR 100,000 investment and it’s aiming for expansion on other European markets, the company announces.

NEPI to attract EUR 42.5 mil. from shareholders

The investment fund New Europe Property Investments (NEPI) wants to attract approx. EUR 42.5 million from its shareholders through a capital increase dedicated only to specific investors.

Less retail development possibilities according to DTZ

Some of the few construction options include east of Bucharest, Targu-Jiu, Galati and Timisoara, according to Estera Enache, senior consultant retail for DTZ Echinox.

New Residential Project in Bucharest with EUR 15 mil.

The group of companies Red Sea Group and Shikun&Binui R.E.D started the construction of a residential project in Aviatiei district in Bucharest with a total investment of more than EUR 15 million, according to RealTime Imobiliarii, the project consultant.

An investment of up to 20 million euros is heading to Krásno

One of the largest industrial property developers expands in Slovakia. Panattoni Europe is prepared to invest up to 20 million euros in the industrial park in Krásno nad Kysucou. The aim is to bring back to life the premises of a former industrial sawmill that have been left in a state of decay for several years.

Fitch Raitings cuts Carrefour IDR to 'BBB'

Fitch Ratings has downgraded Carrefour S.A.'s (Carrefour) Long-term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB' from 'BBB+'. The Outlook on the Long-term IDR is Stable. The Short-term rating has been downgraded to 'F3' from 'F2'.

Radu Enache to sell two lands in Timisoara and Iasi

The owner of the continental chain, Radu Enache wants to sell two lands in Timisoara and Iasi and sell Ibis hotel in Constanta in a lease back transaction, which involves the leasing buy back of the unit from a company specialized in this sort of transactions.

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Alexandra Filip

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