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Office Market News

The developer of Belvedere Baneasa, threatened with insolvency by BCR

BCR is asking in the Court the insolvency of the company Rotary Constructii, with a real estate portfolio of hundreds of million euros in Bucharest.

BCR asks EUR 1,250,000 for a building in Chisinau centre, built in 1918

The real estate portfolio BCR is trying to sell includes not only building in Romania, but also in Republic of Moldova, where the biggest local bank controls the branch BCR Chişinău. Next month an electronic auction will be held in order for BCR to sell a historical moment building form the neighbour country capital, for the price of EUR 1,250,000.

WB revises upwards, to 1.7 pc, the economic growth forecast for Romania

The World Bank (WB) has revised upwards, from 1.6 in January to 1.7 per cent the economic growth estimation for Romania in 2013, shows the ‘Global Economic Prospects’ report on Wednesday published by the international financial institution.

Another Romanian mall enters insolvency

The Bucharest Court has approved the request to enter insolvency filed by Belgian developer Belrom through the Bel Rom Sapte company, for its Promenada Mall in Focsani, eastern Romania.

Bucharest apartment prices down 3.9 pct over past 12 months

Apartment prices in cities across Romania have dropped over the past 12 months reaching a national average of EUR 935/ sqm this April, according to data provided by online real estate platform Imobiliare.ro based on buyers asking prices.

Liviu Tudor is the new secretary general of the Romanian Association for the Club in Rome

Liviu Tudor, the general manager of Genesis Development, the developer of the real estate projects Novo Park and West Gate, is the new secretary general of the Romanian Association for the club in Rome, the decision being approved in the General Assemble of the Romanian Association for the Club in Rome.

NEPI to attract EUR 100 million on stock for financing acquisition

The South-African fund New Europe Property Investments (NEPI), one of the most active real estate investors on Romanian market in the last years, intends to attract on the stock market EUR 100 million in order to finance some potential acquisitions in negotiation.

Warsaw office market view in BNP Paribas Real Estate report - European Office Market 2013

Analysis of the Warsaw office market prepared by BNP Paribas Real Estate supports experts’ assumptions – 2013 will be a record year when it comes to the amount of delivered new office space. Furthermore, the European Office Market Report shows that the increasing number of constructed office buildings and vacancies in the capital impacts the decrease in rent rates.

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