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Office Market News

Residential construction permits – 5% increase in the first four months

The number of the construction permits for residential buildings increased in the first four months compared with the same period of last year with 5% (498 permits) to 10,467, according to the National Institute for Statistics (INS).

Bucharest City Hall allocates EUR 28 mln to complete Mihai Bravu overpass

Bucharest’s City Hall (PMC) will organize an accelerated restricted tender procedure in order to select a company to complete the Mihai Bravu -Splaiul Unirii overpass. The funds necessary to complete works on the site are estimated at approximately RON 129 million( approx. EUR 28 million), VAT not included.

Ethos House to invest EUR 7 million in an office building in Calea Floreasca area

Ethos House, the company related to the developer of the Bucharest office building Polonă 68, will invest approx. EUR 7 million for the construction of Ethos House office building in Calea Floreasca area, on land bought last year from Willbrook International.

Bucharest’s Q1 2013 office space delivery surges to 2012 total volume level

In the first quarter of 2013 some 71,000 sqm of office space were delivered in Bucharest, a figure approximately equal to the total volume delivered 2012, according to a DTZ Echinox report. This was the most active quarterly construction activity recorded since Q4 2010, said DTZ Echinox representatives.

Mitiska gathered EUR 75 million for retail park investments

Mitiska gathered EUR 75 million for the company First Retail International through which it is planning investments in retail parks across Europe.

Top of Bucharest areas with biggest price falls for lands

The prices of lands in Bucharest and outskirts continued to fall in the first months of 2013, according to a study done by Imopedia.ro.

RENEXPO® SOUTH-EAST EUROPE

RENEXPO® SOUTH-EAST EUROPE, the biggest and most important renewable energy and energetic efficiency in Romania presents the 6th edition, between 20 and 22 November 2013 in its newest location, the most modern expositional centre in Romania, EXPOROM, Bucharest.

Malls to be developed in Romania in the next few years

Even if during crisis the number of new delivered commercial centres was relatively small eve in Bucharest, the investors have projects on pipelines for several cities in the country. Moreover, some of the project postponed because of the crises will be resumed.

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Adina Camara

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