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Office Market News

The cost of the working hour went up in Q2 in Romania, says National Institute of Statistics

The cost of the working hour has seen a 3.7 percent growth rate in the second quarter of this year, compared to the first three months. Compared to the same quarter of last year, the cost of the working hour has gone up by 4.99 percent , according to The National Institute of Statistics, quoted by Mediafax newswire.

Romania H1 net investments in economy down 9.1 pct

Romanian first-half net investments fell 9.1 percent to RON 25.18 billion (EUR5.71 billion) from the year-earlier period, on declining activity in construction and machinery and equipment, the country’s statistics institute INS said Wednesday.

Offices outside Bucharest, 11.5 pct of the transactions volume in H1

Office markets outside Bucharest registered in the first six months of 2014 11.5 percent of the transactions volume, in large cities such as Timisoara or Cluj.

Tagor appoints new sales manager for Adora Urban Village

Anca Dumitrescu has been appointed sales manager by real estate developer Tagor. She will be responsible for the Adora Urban Village residential project in south-western Bucharest and for another project the developer plans to build in Pipera, in the northern part of the capital.

Immofinanz to develop a new commercial center concept in Romania

The Austrian group Immofinanz wants to bring a network of small size commercial centers, a concept it intended to develop before the beginning of the financial crisis. The development in the Romanian market has in view retail and logistic projects.

Profi rents 2,500 sqm in VGP Park Timisoara

Local retail Profi has rented 2,500 sqm for a new warehouse in a temperature controlled facility in the VGP logistics park in Timisoara, western Romania, according to Mediafax newswire.

Skanska started negotiations for the sale of Green Court

Sweden’s group Skanska, the developer of the office project Green Court in Barbu Vă­cărescu sidering that the construction works near completion and most of the spaces were rented.

Romania, 4th CEE country by number of big companies

Romania is ranked 4th among countries in Central and Eastern Europe (CEE) according to the number of companies present in the Top 500 largest companies in the region edited by Coface and quoted by Mediafax.

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