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Office Market News

CNA receives seven buildings from the Government

National Audiovisual Council in Romania (CNA) received to its administration seven buildings situated in Constanta, Craiova, Galati, Pitesti, Focsani, Brasov and Suceava, to use as territorial offices, based on a Government decision.

How Much Money the Biggest Real Estate Projects Owners are making in Bucharest

The office buildings and commercial centres owners in the main Bucharest areas such as Piaţa Victoriei, Băneasa, Dimitrie Pompeiu or Militari, are annually cashing out from rents more than EUR 340 million.

IGD: We are not aiming new projects in Romania

Italian company Immobiliare Grande Distribuzione (IGD), the owner of the Winmarkt commercial centres network, will focus on the improvement of its current portfolio on the local market, aiming to attract new tenants and prepare for the moment when the investment market will recover.

Cluj and Timisoara have exceeded the 100,000 sq. m milestone of modern office spaces

Except for Bucharest, the only cities in Romania which still have, according to the census in 2011, more than 300,000 inhabitants are Cluj and Timişoara, considering that Iaşi, Constanţa and Craiova have lost each at least 50,000 inhabitants during last ten years and dropped below this level.

Era Shopping Oradea retail entered insolvency

Omilos Oradea, a company which portfolio includes Era Shopping Park in Oradea, entered insolvency, as Bucharest court accepted its request.

Adama invests EUR 14.1 mln in 210 new apartments in Bucharest

Real estate developer Adama has completed the second development phase of its Edenia Titan residential project in Bucharest which consists of 126 apartments. Another 84 apartments were recently completed in Evocasa Optima, another residential project the company is developing in the capital’s Titan neighborhood.

AmCham: US investments in Romania worth USD 20 bln

The total volume of investments made by companies members of the American Chamber of Commerce in Romania – AmCham – reached USD 20bln, more than 200,000 jobs being created, shows an impact study yesterday presented by the representatives of the AmCham, Agerpres reports.

NEPI attracted EUR 50 M for three potential investments

The South-African fund New Europe Property Investments (NEPI), one of the most active investors on the Romanian real estate market, attracted approx. EUR 50 M through a capital increase operation, for three potential acquisitions that include a commercial centre in Romania.

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