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Office Market News

Skanska sells Building B of Green Court Bucharest office project to Globalworth Real Estate Investments for EUR 47 M

Skanska has sold Building B of the Green Court Bucharest office complex. The property has been acquired by investment company Globalworth Real Estate Investments, which already owns Building A. The Green Court Bucharest scheme is Skanska’s first office development in Romania.

TRANSLOG Connect Congress 2015: Shaping the logistics industry in two days

Logistics demand is directly tied to general economic conditions, and following a turbulent period the industry has been relatively stable for the past years. In this current state of stability, the time has come to focus on the next cutting edge innovations: logistics and supply chain management are facing another technological revolution.

CE casts a stern look on Romania’s fiscal changes

According to a report released by the European Commission, Romania’s economy is expected to continue its growth in 2016 and consolidate it in 2017, but warns that the stimuli contained in the Fiscal Code puts it at risk.

American real estate agencies franchise ERA Real Estate enters Romanian market

American real estate agencies franchise ERA Real Estate, with more than 32,000 brokers and associates in 2,300 offices from 50 countries, launches in Romania, where they will compete with Re/Max and CENTURY 21 R&V Real Estate, operating under the same system.

Bucharest Microsoft Romania wants to reach over 1,000 employees in two years

American IT giant Microsoft will hire over 200 people in Romania in the next two years.

The number of foreign investors in Romania, 2.2 pct. up since the beginning of the year

The National Trade Registry Office (ONRC) informs that the number of companies with foreign capital participation reached 203,099 at the end of September.

ONRC: Number of insolvent companies nine months into 2015, down 54.6pct

The number of commercial companies that filed for insolvency in the first nine months of this year was 7,575, down 54.62pct year on year, according to the data released on Friday by the National Trade Register Office (ONRC).

Sorin Macoveiu, former manager within Global Finance, in charge with the leasing of Ikea office project in Timpuri Noi district of Bucharest

The comapny Vastint Romania, the local real estate division of the Swedish Inter IKEA, appointed Sorin Macoveiu, former commercial manager within the private equity fund Global Finance, in order to deal with the leasing of the spaces in the real estate complex developed on the former Timpuri Noi factory’s platform.

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