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Office Market News

Most surprising rent transaction of the year - Biggest beerhouse in Eastern Europe, set to open in 2014 in Bucharest

Following an investment of over EUR 2.5 million, Pavilion H will become by next summer the biggest beer hall in Eastern Europe. eMag owner, Iulian Stanciu, is behind the initiative, along with two other Romanian entrepreneurs, writes b365.ro.

New head for office division within Jones Lang LaSalle

Real estate consultant Jones Lang LaSalle (JLL) launched recently a new division within the office department, headed by Maria Florea.

Spain joins Europe’s only independent Office Search portal

Following years of prosperity in the CEE region, during which hundreds of thousands of square metres of office space have been leased free of commission, the International Office Search Portal Network has now extended to Spain.

Intesa SanPaolo Bank rented 3,500 sq. m in Art Business Center

Intesa SanPaolo Bank relocated its offices to Art Business Center 6 building, with the help of BNP Paribas Real Estate.

Real Estate transactions number increased in 2013

The number of the real estate transactions has increased last year with approx. 8%, to 432,000, and the value of the tax on revenues from property sales has also increased with 8%, to EUR 111.6 million, shows the notary data.

Broadhurst reduced with 40% the price of the plot near AFI Palace Cotroceni

The price of the 4.5 ha land put on sale last year by the investment fund Broadhurst Investments has decreased with almost 40%.

WB: Romania’s economic growth this year same as in 2013

PM Victor Ponta asked the ministers yesterday to set new targets for economic growth for 2014. The minister of Budget, Liviu Voinea said the economic growth of Romania last year was probably “closer” to 3 pc, higher than the government estimation.

Romania, 62nd position in the economic freedom index

The country’s economic freedom of 65.5, is 0.4 point better this year due to small improvements in half of the ten economic freedoms which are measured by the Index of Economic Freedom.

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