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Office Market News

Colliers: One of Five Office Buildings in Bucharest Is Empty

The vacancy rate of the A Class office buildings in Bucharest increased to 19.5% in mid-year; therefore out of five business centres one is vacant, with no tenants, according to a research conducted by the real estate consultant Colliers International, which has counted for Bucharest an office stock of over 1.6 million sq. m.

Cora Enters Ploiesti market with EUR 6.1 Million Investment

Belgium's retail network Cora has recently opened a hypermarket in Ploiesti, the first unit in this city and the 12th countrywide, following an investment of EUR 6.1 million, Mediafax writes.

German cities lead CBRE ranking of Europe’s property investment destinations

Germany boasts five cities in CBRE’s ranking of Europe’s ten largest commercial real estate investment destinations for the first time, according to the latest research from global property advisor CBRE.

NEPI to Start the Works for Three Malls by Christmas

South-Africa’s investment fund NEPI, which reached a portfolio of more than 200,000 sq. m of commercial centres, intends to start the works for another three retail projects by the end of this year, developments with a total budget of approx. EUR 200 million.

10.3 pct Decrease for New Construction Works in First Eight Months

The construction works volume decreased in the first eight months, compared to the similar period of last year, both as adjusted and un-adjusted series, with 0.6%, 2.8% respectively, being influenced by the important decrease of the new constructions works - 10.3%.

IGD to Invest EUR 12.5 Million in Winmarkt Commercial Centres in Romania

Italian company Immobiliare Grande Distribuzione (IGD) has planned EUR 12.5 million investments for 2012-2015 for the renovation, the extension of the rentable area and the optimization of the visitors’ flow of its commercial centres network Winmarkt Romania, the amount for this year reaching approx. EUR 5 million.

Two Former Regatta Managers Launch New Real Estate Company

Costel Alecu and Anca Barbarosie, both former managers within Regatta Real Estate, launched Romtor Real Estate, a real estate company specialized in B2B services.

Cemacon Sells Zalău Industrial Platform

Bricks producer Cemacon Cluj (CEON) intends to sell the platform owned in the centre of the town of Zalău, including the old production line, closed in 2011 and a land of 6 ha, transactions that are supposed to bring EUR 7-8 million.

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