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Canadian Telus rented half of AFI Park 3 office building

Canadian company Telus, externalized services provider, rented nearly 6,000 sq. m offices in AFI Park 3 building, currently in construction near AFI Palace Cotroceni mall in Bucharest, where it will relocate starting the beginning of next year.

The German investors think the economic situation is not good but 83% would invest again in Romania

Only 7% of the German companies in Romania appreciate the economic situation of the country is good but 83% of the above would choose the Romanian market for investments. 58% expect a growth of the turnover and 45% intend to hire new people.

Current industrial hubs stock in Romania, estimated at 1.8 million sq. m

Current industrial hubs stock in and near Bucharest is estimated at approx. 1 million sq. m, while the level of the entire country reached 1.8 million sq. m, according to the study made by Jones Lang LaSalle (JLL).

Volksbank selling €460m in real estate assets and loans

The Austrian company Volksbank has placed a portfolio of commercial real estate and loans on sale that has an estimated value of €460m, according to a document published by the consulting company Oliver Wyman.

Profi opens stores in Medias and Targu-Mures; reaches for 240-unit network

Discount retailer Profi opened two supermarkets, one in Medias and one in Targu-Mures, reaching a countrywide network of 238 stores, the retailer said Thursday.

JLL: Developers delivered office space for 8,000 employees in H1, but no malls

Real estate developers completed in the first half of 2014 office buildings for another 8,000 employees in Bucharest and 60,000 square meters of industrial space countrywide, but no shopping mall was delivered during this period, according to a report by real estate consulting firm JLL.

Revetas bought Vitantis retail park in a transaction of EUR 20 mil. debt assumption

Equest Balkan Properties sold the commercial park Vitantis Shopping Center in Bucharest to the company Revetas Capital, specialized in distressed assets acquisition, in a transaction of EUR 20 million debt assumption.

Land prices for real estate investments, down in H1 2014

The prices of the lands for real estate projects development have decreased with an average of 4 pct compared to the similar period of last year, in Arad (-14%), Alba Iulia (-10%) and Targoviste (-10%) being registered the most significant reductions, while in Bucharest they only went down with 2 pct.

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