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Office Market News

Romania’s Constitutional Court turns down new insolvency code

The Constitutional Court ruled out on Tuesday some provisions of the government emergency ordinance (GEO no.9/2013) enforcing the new insolvency legislation are unconstitutional, reports Mediafax newswire.

EUR 3 Million Investment in Botosani Shopping Center’s Extension

Belrom intends to extend in the following period the commercial centre Botosani Shopping Center with additional 5,000 sq. m and 500 parking places, the company’s representatives announced.

Most Active Real Estate Investors in the last 10 Years in Romania

Immofinanz, NEPI, CA Immo, RREEF, IGD, Argo Real Estate and Globalworth were the most active real estate investors in Romania in the last 10 years, their acquisitions representing half of the total value of the transactions concluded starting 2004.

Bucharest House Prices Down by as much as 57 pct since 2008

House prices have dropped all across Romania since 2008, with the highest decline reported in capital Bucharest, according to data released by local property website Imobiliare.ro.

AmCham launches e-booklet for investing in Romania

Business advocacy group AmCham Romania launched on Thursday an e-booklet outlining relevant information on the local business environment, in a bid to raise the profile of Romania as an attractive investment destination.

Mega Image Opened Second Supermarket near Unirii Sq. in Bucharest

Belgium’s retailer Mega Image, present on the local market with three store formats – the supermarkets with the same brand name, the proximity stores Shop&Go and the frozen goods store AB Cool Food – reached 259 units in Romania following the opening of a new store on Regina Maria Blvd in Bucharest, near Unirii Sq.

Tagor Develops another 200 Residential Units, although only 12 Units Sold in its First Project

Israeli developer Tagor, present on the Romanian market and supported by the British investment fund Patron Capital, will start in two weeks the construction works for two new residential projects.

A Czech Group Invests EUR 55 Million near Chirigiu Market in Bucharest

S Group Holding currently carries out one of the most important real estate investments in Bucharest, developing the office project Green Gate in the proximity of Chirigiu market.

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