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Office Market News

CSDA Siriului office building, 100% leased

CSDA Siriului Business Incubator, developed by Primavera Development in Aviatiei district in Bucharest reached 100% occupancy rate before its completion, through a transaction managed by The Advisers / Knight Frank.

Cristescu brothers to get at least EUR 17.5 million from land sale

The brothers Emil and Marius Cristescu, the owners of Bega Group, intend to sell several plots of land totalizing over 20 ha and the corresponding constructions in Timisoara, the minimum price they expect being EUR 17.5 million, EUR 85/sqm respectively, according to data released to the Stock.

Two investors interested in 30% shares of Avrig 35

Two investors are interested to buy the 30% share of the real estate developer Avrig 35, owned by the American businessman Russell Wasendorf, currently in detention, has announced his assets’ judicial liquidator, Michael Eidelman.

Huawei relocates on three floors in Tower Center

Chinese IT&C equipment producer Huawei has rented three floors with a total area of almost 2,500 sqm in the office building Tower Center in Victoriei Square, starting on 1st of July to relocate its operations from Opera Center building.

Romanian business leaders stay positive

Almost 70 per cent of Romanian business leaders think they will have an increase in turnover this year, according to the study “A new vision for growth – June 2013” published by Ernst & Young.

Commercial centres of Argo Real Estate in Romania depreciated

The four commercial centres owned in Romania by the British fund Argo Real Estate Opportunities Fund (Argo) were evaluated at the end of March 2013 at EUR 330 million, with almost EUR 7 million down compared to the similar period of last year.

Real estate fund NEPI reached over EUR 1 billion Stock value, nearing BRD

NEPI threatens to overtake the biggest local bank listed in Bucharest Stock, BRD, currently evaluated at approx. EUR 1.1 billion, after exceeding last year in stock value both Transilvania Bank and Transgaz.

Aberdeen Asset Managers fund share in BRD went under 5%

The fund Aberdeen Asset Managers Limited from London has reported on Tuesday the owning of 4.98% from BRD shares, a decrease from 5.43%, package reported at the end of May, Mediafax writes.

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