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Office Market News

The relocation of the year started in Bucharest: Oracle transfers 2,500 employees in Floreasca Park

The American IT giant Oracle, which has reached 2,500 employees in Bucharest and EUR 105 million turnover in 2012, has started the relocation process of its activity in Floreasca Park from Northern Bucharest, representing the biggest move of this type from Bucharest.

Procter&Gamble extended its lease in Iride Business Park

Procter&Gamble has extended its lease in the office complex Iride Business Park, owned by aflat Immofinanz Group. Therefore, Iride Business Park will host five more years the headquarters of Procter&Gamble.

Industrial Parks in Brasov to be privatized

In order to get money for the projects in 2014, Brasov District Council has decided the gradual privatization of the two industrial parks in Brasov, Metrom and Carfil.

PM Ponta: Romania ended 2013 with a budget deficit of 2.5 pc of GDP

Romania ended 2013 with a budget deficit of 2.5 percent of the gross domestic product (GDP) and an economic growth higher than expected, said the Romanian prime-minister Victor Ponta at local TV station Romania TV Monday evening.

Inflation across eurozone dips further below target

This situation is putting pressure on ECB policymakers. Eurostat said inflation across the 17 EU countries that used the euro in December fell to 0.8 percent, as expected.

The end of Odyssea Residence: the land is put up for sale

The company New Horizon, which intended to build the project Odyssea Residence near Bucharest entered bankruptcy in 2013.

The Most Important Real Estate Events in 2013

The main players on the real estate market in Romania were the investment fund NEPI and the businessman Ioannis Papalekas.

Spanish Gran Via to develop another 2 buildings in Drumul Taberei

Spanish group Gran Via, the owner of several former industrial platforms in Bucharest intends to start this year the development of another two residential buildings on the Frigocom platform in Drumul Taberei district, where the first 84 flats building will be completed this spring.

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