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Office Market News

DTZ: Romanian real estate market still subject to bank loans

Romanian real estate market still remains extremely dependent of the bank loans, following the poor development of the capital market, unlike other countries in Europe, where the trend is for increasing the percentage of the financing from non-banking sources in real estate, according to a DTZ analyse.

The 50% price discount did not brought buyers for Marriott

The next auction will be held on Wednesday, 19th of June. The starting price will remain EUR 12 million.

Sun Offices reach 85% occupancy rate

The Austrian company S Immo, the owner of Sun Plaza mall in Bucharest has reached 85% occupancy rate for Sun Offices, the office building near the mall, after the touristic operator G2 Travel leased 1,000 sqm office spaces.

Kaufland will have 10 stores in Bucharest in 2015

The German group Kaufland, the biggest player on the local retail market, with estimated turnover of EUR 1.5 billion last year, will accelerate in the next year the expansion process in Bucharest, where currently only holds four of the 85 stores of the network.

The Calafat-Vidin Bridge opens

The Calafat-Vidin Bridge, the second span across the Danube connecting Romania and Bulgaria, was opened.

IICG to invest € 500K into Avion Bratislava

Inter Ikea Centre Group (IICG) plans to invest €0.5m into an upgrade of its Avion shopping center in Bratislava.

Romania’s May inflation highest in the EU

Romania’s annual inflation reached 4.4 percent in May, which was the highest rate in the European Union, according to data published on Friday by Eurostat.

New Management Appointment at Colliers International

Colliers International, the leading real estate adviser, announced that John Verpeleti has been promoted to the position of Chairman of the Management Board in Eastern Europe. The new role of Verpeleti will be to chair the company’s Management Board meetings and to continue to support the executive team to build and grow Colliers across the region.

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