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Office Market News

NEPI to buy commercial park in Deva

South-Africa’s investment fund NEPI is nearing completion of the acquisition process of another commercial park from a local entrepreneur.

City Gate North Tower office building received green certification

GTC and Bluehouse City Gate e finalized the certification process of the first office tower within City Gate project in Bucharest, according to Colliers International, which assisted the process.

Eurobusiness Parks in Oradea attracted over EUR 200 million investments

Eurobusiness Parks I and II, managed by the company Eurobusiness Parc, owned by Oradea City Hall, attracted by present investments of approx. EUR 205 million, which will facilitate the establishment of 6,000 new jobs.

NEPI to buy Mega Mall project on former Electroaparataj factory plot

Real estate investments company New Europe Property Investments Plc (NEPI) has signed an agreement for the takeover of 70% of the company ELJ VATRA SRL. This is the owner of the land where Mega Mall Bucharest will develop, on the plot of the former Electroaparataj factory.

Bucharest office completions scheduled for 2014, the lowest area in the last 14 years

The modern office stock reached 2.23 million sqm, after the delivery of two office buildings in the period April-June: CSDA Siriului, with 3,600 sqm and 100% occupancy rate and Armand Calinescu Office Building, with 3,500 sqm and 70% occupancy rate.

Greek company that brought Nike in Romania to invest EUR 5 million in a property near University

The company Elmec România, part of the Greece’s Folli Follie group, the owner of Nike stores on the local market, started the reconstruction works for a historical building at the crossroad Ion Câmpineanu St. with Nicolae Bălcescu Blvd, in Bucharest University area, a project involving an investment of approx. EUR five million.

The best post-crises year on the office market

Total office transactions in Bucharest is estimated to reach 240,000-260,000 sqm by the end of this year, the highest level in the last five years, according to CBRE report. Compared to 2012, the growth is 10%.

Overview of Iași office market: 15% un-occupancy rate and EUR 12-14/sqm prime rents

Ias is one of the most developed office markets outside Bucharest, with an estimated stock of approx. 142,200 sqm, representing an average of 490 sqm/mille inhabitants, less than a half compared to Bucharest, with 1,083 sqm office/ mille inhabitants, shows a report drawn by Jones Lang LaSalle together with Iulius Group.

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