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Office Market News

Alpha Property expects 8,000-10,000 daily visitors in Pipera Plaza

Alpha Property Group, part of Intercora group, and Marius Ivan have opened on 10th of September the project Pipera Plaza and expects 8,000-10,000 daily visitors in the commercial centre in Pipera area.

Abbott Laboratories relocates to Green Court Bucharest

Skanska, the developer of Green Court Bucharest announces the coming of a new significant tenant, Abbott Laboratories.

Bucharest, lowest prices among 71 cities worldwide

Bucharest ranks 69th among 71 cities in a top based on the price level, except for rents.

Czech developer plans new developments in Bucharest

Czech developer S Group Holding, which completed the Green Gate office project in Bucharest last year, is interested in developing a new office building in the central-west area of the capital and a residential complex with 2,500 – 3,000 apartments in northern Bucharest.

Eurostat: Romania and Slovakia, highest growth of the construction works in July

Romania, after Slovakia has registered the highest growth - plus 15.1 percent - of the construction works among all the European Union's member states in July 2015, compared to the similar month of 2014, according to the data released on Thursday by the European Statistics Office (Eurostat).

Construction output up 11% in Romania

The construction volume on the Romanian market increased by 11 percent y-o-y in the first seven months of the year, according to data published by the National Statistics Institute.

Romanian entrepreneurs score profits, multinationals record losses

Multinationals recorded a profit balance (cumulated profits minus cumulated losses) of RON 2.5 billion (EUR 564 million) in Romania, between 2008 and 2014, whereas companies controlled by local entrepreneurs made RON 55 billion (EUR 12.4 billion) in the same period.

Globalworth to buy new assets of EUR 120 mln in Romania

Real estate developer Globalworth, controlled and managed by Greek investor Ioannis Papalekas, has signed in September agreement memorandums for buying a portfolio of 30 plots and completed buildings in Romania, as well as two office buildings, for a total of EUR 120 million.

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