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Office Market News

Four Romanian cities, apart from Bucharest, emerge as first points of access for IT companies

While Bucharest is and will remain the main center of access for IT companies, over the past two years, four other locations have gained importance in the eyes of IT companies.

Flash Office Solutions expands its offices in Maria Rosetti Tower

Flash Office Solutions rented 392 sq. m office space in Maria Rosetti Tower, a business center situated in Icoanei area in Bucharest on 6 Maria Rosetti St., according to Esop Consulting, which mediated the transaction.

DB Global Technology center to create 500 jobs by 2016

Deutsche Bank announces that its DB Global Technology center in Bucharest has now over 160 employees. The center has been operational since January 2014.

S&P confirms Romania’s ratings with stable outlook

Standard & Poor’s Ratings Services on Friday affirmed its long and short-term foreign and local currency sovereign credit ratings on Romania at ‘BBB/A-3′, while the outlook is stable. Romania’s current rating is on par with Russia, Brazil and India, S&P said in a statement.

Sale price for Swan Park offices, down to EUR 22 million

Bankrupt office complex Swan Office & Technology Park in Pipera-Tunari was put again on sale, the judicial liquidator decreasing the starting price with EUR 9 million, down to EUR 22 million, less than half of the investment.

Octagon begins works on second building of Hermes Business Park

Greek construction firm Octagon has started to construct building C of the Hermes Business Campus under a EUR 6.2 million contract. The project is developed in northern Bucharest by NGY Properties Investments, the Romanian subsidiary of Belgian group Atenor.

ACI Cluj and Prompt from Timişoara to start works for the second building of The Office Cluj project

Construction companies ACI Cluj and Prompt from Timişoara will start the next two weeks the works for the structure of the second building within the office project The Office in Cluj, scheduled for completion in the end of next year.

Swiss investor develops residential project in downtown Bucharest

A Swiss investor is currently developing a 13-apartment residential building on Batistei street in downtown Bucharest. Apartment prices reach EUR 540,000, while a parking space will be sold for EUR 25,000, the average value of a studio-apartment in a semi-central area in the Capital.

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Alexandra Filip

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