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Office Market News

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.

Biggest residential developer in Romania increased its business with 55%

Impact Developer & Contractor SA continued in the first semester the strategy of capitalization of their assets, registering a turnover with 55% bigger, reaching 12.979 million lei, which contributed to the reduction of loss of 38%, compared to the first semester of 2012, to 5.87 million lei, according to data sent to Bucharest Stock Exchange.

DIY stores: average sales of EUR 11.2 million/ unit, 3.5% down compared to last year

The six DIY stores opened by the market players last year following nearly EUR 100 million investment have sustained total sales on positive, while other indicators such as the average sales per store and the productivity per employee shows that the sector was in decline last year too, according to a analyze made by ZF.

Romania's GDP increases by 1.7% in H1

Romania’s GDP increased 0.3 percent in Q2, according to the National Statistics Institute (INS), which also reported that the country’s GDP increased by 1.7 percent in H1 from the same period last year.

Discount sale of Deutek dye producer by Advent to rival Axxess Capital

Investment fund Advent International, active on the local market for over 15 years sold the dye producer Deutek to a „rival“ fund of the company Axxess Capital in one of the most important transactions on the construction materials market this year.

Italian owners of Winmarkt network invest in renovation

The market value of Winmark stores network together with an office building, owned in Romania by Immobiliare Grande Distribuzione (IGD) has decreased with EUR 1 million in six months.

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Adina Camara

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