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Office Market News

Mihai Pop, Ernst&Young: Investors put Eastern Europe on secondary plan

Mihai Pop, manager of the assistance for transactions department of Ernst&Young (EY) Romania, says that the investors interested in acquisitions put Eastern Europe on secondary plan, currently the interest switching to the Pacific zones among emerging markets Latin America and Africa offer superior yields and growing markets.

Ferrero leases 1,200 sqm in Bucharest’s City Gate

The Romanian subsidiary of chocolate and sweets manufacturer Ferrero has relocated its Bucharest headquarter in the City Gate office project located in Presei Libere Square where it leased 1,200 sqm. The deal was brokered by BNP Paribas Real Estate.

SIF Transilvania to swap Brasov Citadel for EUR 5 million properties

SIF Transilvania has proposed to Brasov city Hall the release of the city citadel in exchange for plots and buildings of approx. EUR 5 million, the mayor George Scripcaru saying on Monday that the company’s offer is too high but he wanted to find solutions for the takeover of the citadel.

Maurer Imobiliare to develop 1,600 apartments in Sibiu

The developer Maurer Imobiliare, with German capital, starts in July the construction of a residential project in Sibiu, on 10 ha land bought this year, estimating to get from its sale EUR 67 million.

BREEAM Certification for Małachowski Square in Warsaw

Following the preliminary audit of the project documentation carried out by Hill International, the Małachowski Square office complex currently being developed in the centre of Warsaw, has been entered into the BREEAM environmental certification system with an expected "very good" final rating.

New AdePlast factories increased with over 30% the company’s turnover for the first term

Construction materials producer AdePlast, controlled by the businessman Marcel Bărbuţ, has registered in the first term a turnover of approx. 100 million lei (22.2 million euro), with 31% growth compared to the same period of last year.

Consuming crises effects over Romanian malls

Eleven commercial centres whose construction was completed ended in insolvency or stopped their activity, while another ten mall projects were blocked after the beginning of the works and investments of millions euros, not to mention the land costs.

Hong Kong investment fund took over Silver Mountain project in Poiana Braşov

Silver Mountain project currently includes approx. 200 apartments, a multifunctional area with a restaurant, conference halls, club, fitness hall, spa and pool.

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