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Office Market News

INS: Construction works up 14.1 pc as gross series in October

Volume of construction works advanced 14.1 per cent in October compared with September 2013, as gross series, and 4 per cent respectively, in terms adjusted for business days and seasonality, according to data provided by the National Institute of Statistics (INS).

Office Buildings for a Greener Europe

Greenbuildinginfo.eu is the first independent green office search portal in Europe, providing sustainable office solutions and information on main aspects of these markets.

Dutch investor buys the former communist department store Bucuresti in the Old Town

A Dutch investor has bought the building of the former communist department store Bucuresti for some EUR 4 million, according to Romanian daily Ziarul Financiar.

Romanian Dedeman invests EUR 15 million in new store

Romanian DIY retailer Dedeman will open this Friday a 15,000 sqm store in Ploiesti, some 60 km away from Bucharest. This is the 6th unit the retailer will open in 2013. Some EUR 15 million was invested in the new outlet while overall investments in expansion this year amount to EUR 73 million.

Bucharest One, the office tower with 23 floors Papalekas intends to develop in Bucharest is on schedule

Businessman Ioannis Papalekas is preparing the construction of an office tower near Promenada mall in Bucharest. The constructions on the plot where Porsche Aviaţiei showroom functioned until this year were demolished, Globalworth having in plan for next year the development of a tower on 23 floors.

Max Bogl awarded EUR 2.7 M contract for additional work on Fifth Metro Route

Metrorex has awarded German Company Max Bogl a RON 12.2 M (EUR 2.7 M) contract, VAT non-included, for additional construction work on the Fifth Metro Route between Drumul Taberei and Pantelimon, Mediafax informs.

Bucharest Office Vacancy Rate Grows in 2014 and Drops in 2015

The office vacancy rate in Bucharest will increase next year with 1.2 pct. to 14.7%, and will decrease to 14% in 2015, the office stock registering 20% growth between 2013 and 2015, a research of Cushman&Wakefield (C&W) showed.

Skanska's first office project in Katowice

Silesia Business Park will be a complex of four office buildings with a combined office GLA of 46,000 sqm, making it the largest development by Skanska Property Poland to date.

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