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Immofinanz to sell logistics business

Austrian property group Immofinanz is in negotiations with interested parties to sell its logistics business, consisting of around 1 million square metres of rentable space and various logistics development projects, according to representatives.

Bog'art, general contractor for the office project Gara Herastrau

Globalworth Real Estate Investment Fund Investments, controlled by businessman Ioannis Papalekas announced that it has appointed Bog'art as general contractor for the construction of the Gara Herăstrău office building.

Alpha Group and TBE Business Solutions, investing €80m in Timisoara

Alpha Group Investments Ltd together with TBE Business Solutions is developing a new project in Timisoara in western Romania

Lafarge Romania, officially under the CRH umbrella

Irish building materials producer CRH announced that it has completed the acquisition of the assets Lafarge Romania,part of a global agreement to take over more assets Lafarge (France) and Holcim (Switzerland) for 6.5 billion euros

COS, leading specialist in workplace consultancy, design and fit-out, announces a turnover of 9.12 milion Euro for the first 6 months of 2015

3rd of August 2015 – 40% increase for the first 6 months of 2015, compared to the same period last year

New insolvencies, down by half in Romania

The number of companies that filed for insolvency dropped by 56% in the first six months of the year compared to the same period last year, reaching over 5,700, according to the Trade Registry’s Office – ONRC.

S&P: Romania's outlook stable, no change of ratings expected next 12 months

The Standard&Poor's (S&P) financial evaluation agency has currently a stable perspective for Romania and expects no change in the next 12 months in the country's ratings, Aarti Sakhuja, a credit analyst with the agency told Agerpres in an interview.

Bucharest’s modern office space goes up, demand is also higher

The stock of modern office space in Bucharest increased by 2.5% in the first half of the year, to 2.21 million sqm, following the delivery of the City Offices, Auchan Tricodava and Green Court (building B) office buildings.

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