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Office Market News

Vastint gets permit for second office complex in Bucharest

Vastint Romania, the local real estate division of the Swedish group Inter Ikea, has received the permit to build a new office complex in Bucharest’s Orhideea area.

Immofinanz on track to deliver Metroffice in Q2 2016, says the developer

Construction works on the three building Metroffice office project in Bucharest are advancing according to plan, Immofinanz announced, taking it a step closer to the scheduled Q2 2016 delivery.

Romania ranks 55th out of 189 countries for ease of paying taxes, says PwC

Romania has ranked 55th in PwC’s ‘Paying Taxes 2016’ global ranking, which measures the ease of paying taxes for a standard company across 189 economies all over the world, the company announced today.

Romania has the highest home ownership rate in the EU

According to Eurostat data, 96.1% of Romanians were living in dwellings they owned in 2014, this being the highest home ownership rate in the European Union. Only 3.9% of Romania’s population were tenants, way below the 29.9% average in the EU.

Property market on the fast track upwards in Romania, says Colliers International

A Colliers International report analyzing the Romanian property market trends shows real estate is on an accelerated growth path, with the total volume of transactions expected to reach EUR 800 million by yearend.

AFI Europe Romania posts EUR 30 mln net operating income at nine months

AFI Europe Romania posted a net operating income (NOI) of EUR 10.2 million in Q3 and close to EUR 30 million in the first 9 months of 2015, according to the company’s financial data, showing an 8,2 percent increase in results y-o-y.

Mega Image opens six stores in one week, reaches 453 units

Mega Image supermarket chain opened six new stores in Bucharest last week, taking its network to 453 units, company representatives announce.

Belgium’s Atenor negotiates the sale of Hermes Business Campus office park in Bucharest

Real estate developer Atenor Group negotiates the sale of Hermes Business Campus, its office complex in northern Bucharest. The complex includes three buildings with a total area of 73,180 sq. m and its tenants include companies such as Idea Bank (RIB), Lavalin, Luxoft, DB Schenker or Xerox.

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