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Skanska signs HP for 16,400 sqm at Dominikański

In one of the biggest lease transactions on the CEE office market, Skanska Property Poland signed HP Global Business Center for 16,400 sqm at its Dominikański scheme, currently underway near Dominikański Square in Wrocław.

Flanco rents 5,000 sqm in H. Essers logistics center near Bucharest

IT retailer Flanco rented a surface of 5,000 square meters in the H. Essers logistics center near Bucharest, in order to cut down on the time wasted for supplying its stores. Flanco will save 24 hours on supply, the company announced.

Construction company Tehnologica Radion enters insolvency

Tehnologica Radion, one of the main construction companies in Romania, has entered insolvency at its own request, according to Mediafax newswire. Insolvency procedures were initiated last week and the first hearing in this case will take place on Septmeber 15.

Romania’s government backs 33 percent cut in construction tax

The government aims to cut the construction tax enforced this year from 1.5 percent to 1 percent, with collected funds to be distributed to local authorities, said Ioana Petrescu, the minister of finance.

Adama completed last phase of residential compound in Iasi, following EUR 1.7 million investment

Real estate developer Adama, controlled by the Austrian group Immofinanz, completed the construction of the last phase of the residential complex Copou Bellevue in Iasi, following EUR 1.7 million investment sustained from own resources, the complex including 170 units, 75 pct sold.

AFI Europe to get EUR 32 million loan from BCR to finance office buildings

BCR lends EUR 32 million to AFI Europe for the completion of the office buildings AFI Park 2 and AFI Park 3. The financing includes EUR 17 million investments loan for AFI Park 2 and a development loan of EUR 15 million for AFI Park 3.

SPDI buys 122 Bucharest apartments for EUR 3.3 million

Secure Property Development & Investment (SPDI), a property development and investment company incorporated in Cyprus, has paid EUR 3.3 million for 122 apartments in Bucharest, this being their third investment in Romania this year, inform Mediafax.

Utilitarian Aviation to sell on small plots EUR 15 million land in Bucharest

The shareholders of the company Aviaţia Utilitară, controlled by the businessman Sorin Avramescu, have approved the selling on parts of a land of 50,000 sq. m in Bucharest for the total amount of minimum EUR 15,65 million, according to an information published to the Bucharest Stock Exchange.

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