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ParkLake announces advanced construction state

ParkLake, the EUR 180 million shopping mall developed by Sonae Sierra and Caelum Development in Bucharest’s District 3, announced that construction work is continuing and that structural building is now “in advanced state”.

Romania, attractive for investors due to very small redundancy costs

Romania remains attractive for investors since it is among the countries with the smallest costs of redundancy for objective reasons (reorganization), in the case of the employees with average seniority, according to the third edition of an international study on the layoffs carried out by a law firms network sent to Agerpres on Monday.

AFI Europe invests EUR 15 mln to expand shopping center in Bucharest

Real estate developer AFI Europe Romania will invest EUR 14-15 million in expanding the AFI Palace Cotroceni shopping center by some 8,000 sqm.

Office market in regional hubs in Romania goes up

Developers will deliver some 96,000 sqm worth of office space in Cluj-Napoca, Timisoara, Iasi and Brasov this year, whereas the demand amounts to some 80,000 sqm, said Mihaela Galatanu, head of research within DTZ Echinox.

Romania ranks first in Europe at number of employees required to be present at the workplace

Romania is the European country with the largest number of employees who must be present at the workplace to perform their duties (81 percent), the opposite being Norway where 51 percent of the SMEs’ employees must be effectively at the workplace, according to a Ipsos Mori survey conducted for Microsoft.

Bluehouse is raising money for new acquisitions in Romania

Cyprus’ investment fund Bluehouse Capital, one of the owners of the office towers City Gate in Piaţa Presei Libere, is preparing the launching on the market of a new private equity fund for real estate investments in CEE, including Romania.

CA Immo wants to buy already let office buildings in Bucharest

Austrian group CA Immo, one of the biggest office buildings owners in Romania, aims the acquisition of new office buildings which generate revenues, similar to those already owned on the local market. The investor is waiting though new developments, as the current options are limited.

FDI in Romania up 48 pct in first four months to EUR 1.16 bln

Foreign direct investment (FDI) in the first four months increased by 48 percent to EUR 1.16 billion, given that in April they stood at EUR 279 million, down 41 percent compared to March, according to data of the National Bank of Romania (BNR) quoted by Mediafax.

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