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Colliers expects almost EUR 2 million from offices

Colliers International, one of the largest real estate agencies on the local market, with a turnover of EUR 3.5 million in 2013 according to data on Ministry of Finance website, targets by the end of this year to double its consultants and brokers team in the office department and to triple its revenues from this sector, according to Georgiana Andrei, who was recently appointed as office & retail agency director, basically number two in the firm.

Isarescu: Potential real-estate boom caused by low interest rates

The low interest rates implemented throughout Europe could generate a new wave of investments in land properties and construction projects, many of which are speculative in nature because people who have savings will want a reward for the money they have set aside, BNR governor Mugur Isarescu said in the opening speech for the statistics colloquium.

AEW Europe completes first close of European value-add fund

AEW Europe announced today the first closing of the Europe Value Investors Fund with commitments from 6 investors totaling €101 million. The fund expects to undertake further closings in 2014 targeting a total investment capacity of €700 million and will focus on core plus and value add opportunities in the office sector predominately in Germany, France and the UK.

Carrefour to open hypermarkets in Obor area and in Timişoara

French group Carrefour, which has focused in the last five years on small format development started to accelerate again the expansion of the hypermarket format, planning to open two large format stores both in the second half of this year and in 2015.

NEPI, nearly EUR 12 million capital increase

South Africa’s investment fund New Europe Property Investments (NEPI), one of the most active investors on the local real estate market, will realize a capital increase of EUR 11.88 million, through a shares issue.

Softvision reaches 1,000 employees in Romania and opens two new headquarters

IT company Softvision has boosted its headcount by 12 percent in the first half of the year, reaching the threshold of 1,000 employees, after expanding its portfolio of customers and the collaboration with existing customers during this time.

Business environment: CAS cut, positive impact on economy

The Coalition for the Development of Romania (CDR) welcomes the measure to reduce by 5 percent the taxes paid by employer for the social security contribution due to the public pensions system, in effect as of October 1, 2014.

Globalworth wants to attract the giant Deutsche Telekom in its future office projects to develop in Pipera

Globalworth, the company founded by the businessman Ioannis Papalekas, has recently bought the nearly three hectares of land of the former Farmexim warehouses in Pipera in a transaction of EUR 14.3 million.

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