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Office Market News

Three pension funds managed by ING sold EUR 500,000 Impact shares

Three pension funds managed by ING have sold for 2.3 million lei (EUR 526,000) a package of shares representing 8.15% of the shares of the real estate developer Impact Developer&Contractor (IMP).

Demand for specialized logistics space serving e-tailers could boost logistics sector

With more than 50 percent of Romanians population now connected to the Internet, and the country boasting one of the fastest average Internet speeds in the world, online retail has blossomed over the past couple years. E-tailer concern over slow growth in 2013 should be taken with a grain of salt, as they’ve become accustomed to double-digit growth.

The impact of EU entry on the real estate market in Croatia: a comparison with Poland, Czech Republic, Slovakia, Romania and Bulgaria

On July 01, 2013, Croatia is joining the EU as its 28th member; this is nine years after they received candidate status in mid-2004.

EUR 3 million turnover for Palas Iasi offices in the first year

The complex Palas Iasi, owned by the businessman Iulian Dascalu, had in its first year of functioning a turnover of approx. EUR 16 million, with 97% occupancy rate for the retail area and 85% for the office area, have declared for Mediafax the developers’ representatives.

Biggest private construction sites in Bucharest

The biggest ten private construction sites in Bucharest involve total investment of approx. EUr 500 million and will deliver on the market 11 new office buildings, the nineth mall in Bucharest, another four residential buildings and a hypermarket.

Global City Business Park will have green certification

The process of LEED certification for green buildings is currently undergoing for Global City Business Park. The pre-assessment process was completed, and implementation procedure should be determined.

Romania, among the most vulnerable countries regarding the reduction of the investments in emerging markets

Romania is one of the most vulnerable countries when considering the diminution of the investments in emerging markets, because of its addiction to external financing, shows a report of Institute of International Finance (IIF).

First Science and Technology Park in Romania, with a value of EUR 50 million

District Council in Cluj will develop the first Science and Technology Park in Romania, Tetapolis, hosting research labs and business incubators, the investment reaching approx. EUR 50 million.

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