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Office Market News

CEE Property Investment Volumes Reach Record Levels in Q3

Corporate real estate (CRE) investment within Central and Eastern Europe (CEE) increased in Q3 by 14%, to a record €2.297 billion, with total yearly volume up 6% according to the most recent report on CEE property investment from CBRE.

Blue Point rented 1,500 sq. m in the office building Big Office in southern Bucharest

Local outsourcing services provider Bluepoint Call Center rented a new space of 1,500 sq. m in the project Big Office, reaching a total of 3,300 sq. m within the office building situated in southern Bucharest.

Office investment yields in CEE decrease but still appeal to investors

The most attractive office yields in the biggest cities in CEE can typically be found in Poland's regional cities, reaching 7.5% in Lodz and Katowice, according to Skanska’s market observations.

German companies top the foreign business ranking in Romania

German companies lead the foreign investors’ ranking in Romania in terms of revenues and number of employees, according to official statistics.

NEPI raises EUR 130 mln for investments in Romania

South-African real estate developer NEPI announced on October 5 a EUR 65 million capital increase, but managed to get twice that amount from investors on the Johannesburg Stock Exchange.

Bucharest mall developers get EUR 83 mln loan

Real estate developers Sonae Sierra and Caelum Development will receive a EUR 83 million loan from the Austrian Bank Hypo NOE Gruppe Bank, thus securing their financing to build the ParkLake mall in eastern Bucharest. Hungarian bank OTP Bank and its local subsidiary will guarantee the loan.

Globalworth gets EUR 53 mln on the London Stock Exchange

Real estate developer Globalworth, which is controlled and managed by Greek investor Ioannis Papalekas, has attracted some EUR 53.8 million on the London Stock Exchange, more than planned.

EY: Romanian managers are confident in the growth of their business

Business leaders in Romania are confident that their business will grow this year, as well as having faith in the overall positive trend of the economy, according to a new survey published by EY Romania.

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