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Office Market News

Ibiza Sol Sells at EUR 33.3 Million

The creditors approved the reorganization plan of the residential complex Ibiza Sol, which stipulates the selling of the apartments, either on unit or block sale, for a total price of EUR 33.3 million, or the taking over of the project by Alpha Bank and Raiffeisen Bank, its financers, as payment back.

EC asks Romania and the Czech Republic to adopt national measures on energy efficiency in buildings

The European Commission (EC) has issued a formal request to Romania and the Czech Republic to ensure full compliance with their obligations under EU legislation on energy efficiency in buildings (Directive 2010/31/EU).

Strabag Estimates Turnover Fall to Approx. EUR 300 Million This Year in Romania

Austria’s group Strabag’s turnover in Romania will decrease this year to approx. EUR 300 million from EUR 350 million last year, due to diminishing number of projects on the market.

The Netherlands’ Embassy, First Tenant for Hermes Business Campus

The Netherlands’ Embassy in Romania will relocate in the first half of next year from 20 Aleea Alexandru to Hermes Business Campus, the first project of the real estate developer Atenor Group in Romania.

TPG and Ivanhoe Cambridge Buy PointPark Properties

Global private investment firm TPG and its partner, real estate company Ivanhoe Cambridge, announced it had acquired PointPark Properties (P3) from international investment company Arcapita.

Raiffeisen evolution To Buy Lands in Bucharest for Other Office Projects

Austrian company Raiffeisen evolution intends to buy plots of land in Bucharest for the development of average scale office buildings, following the completion of Floreasca City with the delivery today of Promenada Mall, EUR 130 million investments.

Centric IT Solutions Extended Lease Area within Palas Iasi Offices

Centric IT Solutions, software solutions provider, extended its lease area in United Business Center within Palas Iasi complex with an additional space of 1,100 sq. m.

Open Space Offices or Hot Desk Concepts, Increasingly Appealing for Multinationals

The existence of natural light, parking possibilities and the proximity to common transportation means are some of the most important aspects considered by the companies when looking for offices.

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Adina Camara

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