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Office Market News

RON may lose ground against EUR, USD by yearend, says XTB

The Romanian currency may lose ground against the euro and the US dollar by yearend, despite the decreasing inflationary trend in the country, forecasts XTB, the brokerage.

First Romanian to take over Anchor Group’s management

Anchor Group, the developer of Anchor Plaza, Bucharest Mall and Plaza Romania, has a new general manager, Razvan Gaita, former expansion manager within Billa and Kaufland.

AT Real Estate launches the Sofino logistics park project in southeast of Moscow

AT Real Estate has started to build the Sofino logistics park, the largest Class A industrial and warehouse complex in the Moscow region. In total this new facility, located in the southeast of Moscow, comprises more than 840,000 sqm of space, with an investment cost of about $600 million.

Romania FDI inflows down 29 percent to EUR 946 mln on seven months

The National Bank of Romania (NBR) said on Wednesday that non-residents’ direct investments in Romania fell 28.9 percent to EUR 946 million in the first seven months against the same period of last year.

Kingfisher paid EUR 40 million for Bricostore Romania DIY network

Kingfisher paid 35 million pounds (EUR 41.5 million) cash for the 15 stores bought from Bricostore Romania, with takeover of 35 million pounds in addition, which were repaid instantly, according to a report published on Wednesday by the British DIY group.

Local Constructor: Constructions are a lottery

Local constructor Building Astrom, owned by the businessmen Marian Drăgoi and Alexandru Radu, says that 2013 is a stagnation year for the local construction market.

China could invest €3bn into Romanian projects

Chinese banks are interested in investing more than €3bn in Romanian projects, according to the Department for Infrastructure Projects and Foreign Investments (DPIIS).

IULIUS GROUP implements green certification process for its entire Iulius Mall portfolio

IULIUS GROUP, the largest shopping centre developer and operator in Romania, is currently carrying out the certification process for its four IULIUS shopping malls, in Iaşi, Timişoara, Cluj-Napoca and Suceava. Colliers International Romania assists the company in the certification process.

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