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Award winning office project Floreasca Park – 100% Success Story

The Advisers/Knight Frank, market leader on the office real estate sector, successfully carried out its exclusive landlord representation mandate for award-winning Floreasca Park.

Portland Trust purchased a 4 ha landplot in Floreasca for another energy-efficient office development

Portland Trust /ARES Management has recently acquired 4 hectares of land in the Center-North of Bucharest to develop a new energy-efficient office project.

Siemens invests EUR 4.5 million in R&D center in Cluj

Siemens announced on Monday it will expand its local presence in the IT field, by opening a new R&D center in Romania in Cluj, under the brand of its subsidiary Evosoft. By 2017, the company intends to hire over 210 people, who will work on global projects in software and product development for Siemens’ four sectors.

Octagon to win EUR 2 million contract for the construction works of PC Business Center offices

Construction company Octagon, controlled by the Greek businessmen Alexandros Ignatiadis and Paschalis Paganias, won EUR 2 million contract for a part of the construction works of the office project PC Business Center, developed by Iridex Group Import Export in northern Bucharest.

Militari Shopping Center’s rental income drops 12.3 percent in first half

Property firm Atrium European Real Estate said Thursday its net rental income from the Militari Shopping Center in Bucharest fell 12.3 percent to EUR 3 million in the first six months, due to difficulties faced by do-it-yourself retailer Praktiker, one of its shopping outlet’s largest tenants, writes Mediafax.

Romania reenters technical recession. Biggest Q2 GDP contraction in EU

Romania has re-entered technical recession after experiencing two consecutive quarters of GDP contraction. Romania showed a surprise quarterly contraction while year-on-year growth slowed sharply to 1.2 percent from 3.9 percent in the first quarter.

The top of the office areas: where it was registered highest activity in the first six months

The relocation transactions volume increased in the first semester with 61 pct., while the renewals decreased with 33 pct.

Ovidiu Sandor started the construction of the last building of CBC Timisoara with EUR 26 million EU funds

Businessman Ovidiu Sandor started the construction of the fifth building in City Business Centre Timisoara, a project bought by the investment fund NEPI.

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