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Office Market News

Biggest malls owner polishes its projects

The engines of the development of Argo in Romania were temporarily stopped, focusing on the asset costs optimization, in order to insure their sustainability for a potential selling in three-four years.

Lease transactions on Bucharest office market in H1 2013

The office market in Bucharest registered in H1 2013 a total of 132,500 sqm lease transactions, with 8.6% growth compared to the similar period of last year, according to Andrei Birsan, head of office department within Activ Property Services.

EUR 2.5 million investments in new Bucharest residential project

A Romanian company is investing more than EUR 2.5 million in a residential project with 35 units situated at the crossroad Salaj Road and Calea Ferentari in Bucharest, in the neighbourhood of Liberty Center mall.

Quintiles rented 900 mp in Global City Business Park

Quintiles, a worldwide company active in biopharmaceuticals relocated its Romanian headquarters to Global City Business Park, on 900 sq m, has announced Activ Property Services, the transaction’s broker.

Romanian apartment prices drop 7 pct in first 8 months

Romanian apartments have experienced a sharper price drop in the first 8 months of this year, compared to the rate of decline registered over the past couple of years, according to real estate site Imobiliare.ro.

Two motorway segments soon to be completed in Romania

The segment Lugoj - Făget of the motorway between Lugoj and Deva will be inaugurated in two weeks, but the segment will not be operable as there is not yet the link to Timişoara-Lugoj motorway. Segmentul de legătură va fi finalizat în decembrie.

Eurostat: Romania, EU leader regarding construction works growth in July

Romania registered in July 2013, compared to June 2013, the biggest growth of the construction works in the European Union, 8.6%, considering the EU average of 0.3% and the euro zone average growth of 0.3%, shows the information presented on Wednesday by the statistical office of the European Union (Eurostat).

Russians to build in Paris tallest towers in Europe for EUR 3 billion

Russian real estate developer Hermitage will build in Paris the tallest towers in Europe, outrunning London’s emblematic "Shard", including an office complex and luxury residential with investments of approx EUR 3 billion.
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