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Office Market News

GLL increased with EUR 8.7 million the capital of the company controlling Victoria Center office building in Bucharest

GLL has increased with EUR 8.7 million the capital of Victoria Office Center , the company controlling Victoria Center office building in Bucharest, taken over last year by the German investments fund from Bluehouse, for nearly EUR 20 million.

One United Properties to deliver 8,000 sqm prime residential project in 2017

One United Properties announced the start of construction works for a high-end residential project in Primaverii, near Herastrau Park, to be delivered during the second half of 2017. The scheme includes 33 units distributed in two buildings covering a total area of 8,000 sqm, of which 4,000 sqm will be habitable area.

Romania sees 45 pct yearly drop in property transactions in 2015

Property transactions (including office, retail and industrial) reached a record level in Central and Eastern Europe, shows a CBRE report, which places Romania fifth in the region with deals totaling EUR 644 million, 45 percent below the 2014 level.

The Economist: Romania to record the highest growth rate in Europe

Romania’s GDP will grow by 3.9% this year, recording the highest growth rate among European countries, according to the British business magazine The Economist.

BelRom’s mall in Bacău, taken over by KBC Bank due to debts

Insolvent Hello Shopping Park in Bacău, developed by BelRom, was taken over by KBC Bank in Belgium, due to debts following a loan the bank credited the developer for the construction of the mall.

British investment fund buys nine plots in Romania where Lidl stores operate

British investment fund First Property Group has bought, together with other investors, the plots where nine Lidl stores operate for EUR 10.5 million.

Lidl closes partnership with Skanska and starts works for new green headquarters in Bucharest

Lidl, one of the largest discounter retail networks in Romania, as well as one of the most important German investors present on the Romanian market, started the construction of its new headquarters and a unique concept store in the country in Baneasa area in Bucharest, according wall-street.ro’s sources.

Flash Office Solutions to expand the capacity of its start-ups hub

Flash Office Solutions, a company offering instant offices – fully equipped and serviced (reception, phone, IT&C, cleaning etc.) – plans to expand with 150 sq. m in the following period the capacity of the hub launched in the end of 2014 in Maria Rosetti Tower office building.

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Alexandra Filip

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