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Office Market News

A company from Constantin Iavorski group to develop an office building in Pipera

The company Integral Invest, owned by April 2010 directly by the family of the businessman Constantin Iavorski, former Energy Minister of the Republic of Moldova, has recently started the construction works for a nine floors office building in Pipera, Northern Bucharest, with an EU grant of EUR 3.8 million (17.1 million lei).

Raiffeisen attracted the first outside tenant for Sky Tower

Sky Tower in Bucharest, owned by Raiffeisen, has the first tenant outside the Austrian group since mid-August, the tourism technological services provider Amadeus renting 366 sqm at the 19th floor of the biggest office building in Romania.

How much money gathered Papalekas after the London Stock listing

The company Globalworth Real Estate Investments, founded by the Greek businessman Ioannis Papalekas, which was listed on the AIM market of the London Stock Exchange at the end of July, reached over EUR 73 million capitalization. Papalekas has businesses of EUR 500 million in real estate field in Romania.

Value of City Gate complex in Bucharest down almost EUR 10 mil. since the beginning of the year

The value of office complex City Gate in Piaţa Presei, Bucharest, has decreased with EUR 9.7 million in the first semester, to EUR 159 million, while Galleria commercial centres in Arad, Piatra Neamţ and Buzău are evaluated to EUR 35 million, with EUR 4 million more than at the end of 2012.

Romania has most real estate owners in Europe

Romania is the country with most real estate owners in Europe, according to the last available Eurostat date, from 2011. Therefore, 96.6% of the Romanians own an apartment or a house, Le Figaro writes, noting that this is a common situation for the former communist countries.

Tănăsoiu family - EUR 5 million office building developed with EU funds in Bucharest

Daniel Tănăsoiu has developed together with his father Primavera Development and ACMS businesses, and lately has erected an office building in northern Bucharest with 40% of the project costs covered by EU grant.

Czech PointPark Properties appointed new development director

Czech logistic park developer PointPark Properties appointed Nora Hațegan as new development director of the company.

Prologis leases half a million sqm in CEE in H1 2013

Although the supply of modern logistics facilities remains limited in the CEE region, in the first half of 2013, Prologis completed a 7,000 square metre extension for ROHLIG SUUS Logistics in Prologis Park Janki, and began construction of three build-to-suit facilities, totaling 71,000 square metres, at Prologis Park Wrocław V.

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