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Office Market News

Bucharest’s World Trade Center, 38% growth for operational revenues in July

World Trade Center Bucharest complex (WTCB), in insolvency since2011, has obtained operational revenues of EUR 837,000 in July this year, with 38% growth compared to the same period of last year, according to the company’s officials.

Romania, 5th place in the region, by number of companies

With 35 companies in this year’s Deloitte Central Europe Top 500, Romania ranks 5th within the region.

Saint-Gobain Glass Romania invests EUR 6 mln in 3rd local manufacturing facility

The Romanian division of French glass manufacturer Saint-Gobain, has invested EUR 6 million in a laminated glass production line in its factory in Calarasi, southern Romania. This takes the company’s total investment so far in Romania to EUR 176 million, said Jerome Lionet, GM of Saint-Gobain Glass Romania.

Leroy Merlin - EUR 21 million sales for Chitila store last year

French DIY retailer Leroy Merlin, the owner of a single store on the local market, situated in Colosseum Commercial Park in Chitila, has registered in 2012, the first year of functioning, a turnover of EUR 21 million, according to data ZF got from the Trade Registry.

Marina Regia bought for nearly EUR 3.5 million the land within Pirates Inn in Mamaia

The businessman Mihai Manea, former prefect of Brăila county and the owner of the touristic complex Marina Regia Residence in northern Mamaia, has bought for nearly EUR 3.5 million the six hectares plot within Pirates Inn camping, subject to foreclosure, in order to extend the luxury villas project, where the rents for unit reached EUR 5,500 monthly during this summer.

CBRE Romania to enter property management market. Sun Plaza, first project in their portfolio

Real estate consultant CBRE Romania enters the property management market, the first project to manage being the commercial centre Sun Plaza in Bucharest, owned by the Austrian company S Immo.

Net investments in national economy decline 4.2 pc, to RON 15.6 bln in Q2

Net investments in Romania’s national economy dropped by 4.2 per cent in Q 2, 2013 from Q 2, 2012, to RON 15.594 billion current prices, amidst an 18.6-per cent decline in new construction works, according to provisional data released yesterday by the national Statistics Institute (INS), a press release informs.

AFI Properties, the parent company of AFI Europe, announces a 47 percent increase in the company net operating income in H1 2013

AFI Properties, the parent company of AFI Europe, has registered a 32 percent income increase to €51 million in the first semester of this year, compared to the same period of 2012. Also, the company’s net operating income has reached €32.3 million in the first six months of this year, up 47 percent from the first half of the previous year.

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