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BauMax sells its 15 Romanian stores to French Adeo

Austrian DIY retailer bauMax has sold its 15 stores in Romania to French group Adeo, the company announced today. The 15 stores will be acquired through a share swap between the two companies.

RIB headquarters to relocate in Pipera

Romanian International Bank (RIB), bank purchased in December last year by the Polish financial group Getin Holding, rented 3,500 sq. m in Hermes Business Campus for the future bank headquarters, according to the real estate consultant Colliers International, the broker of the transaction.

eMag sets up software development center using state aid

Online retailer eMag announced a new investment project, the eMag IT Research Software Development Center in Bucharest, which will create 203 jobs. The company received at the end of June state financing worth EUR 6.65 million, which was approved by the Ministry of Public Finances.

DTZ Echinox brings new person in its retail team: Mihaela Petruescu

DTZ Echinox enlarges its retail team by recruiting Mihaela Petruescu, consultant with over eight years of experience on the local retail market.

Immofinanz launches concierge service for its offices

Starting July 2014, Immofinanz Group, one of the most important real estate developers and investors in Romania, in partnership with TimePal, launches the new concierge service for the tenants of all its office buildings in Bucharest.

Kellogg’s rents 2,500 sqm in Floreasca Park for its service center

Kelloggs Company announced Monday it rented office space of 2,500 square meters in Floreasca Park where it is set to open a service center.

Development possibilities in SEE

The SEE region offers investment possibilities across such countries as Serbia, Croatia and Romania with the office and industrial sectors providing potentially higher returns with increased risk than the more established but increasingly competitive markets in Central and Western Europe.

CBRE: Transaction value down compared to 1Q

Real estate transactions in Romania totalized in 2Q EUR 66 million, with significant drop compared to 1Q, when over EUR 300 million level was registered, according to CBRE.

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