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Company buildings to be taxed according to market value

The government will conduct a radical change in the way that companies are taxed for their buildings, writes Mediafax. At the moment, companies are charged by the State according to the official value established by accounting documents. The state wants buildings to be taxed based on an outside evaluation report, similar to market value, which would then lead to building taxes increasing.

Rented offices reached 132,000 sq. m in H1, 27 pct. growth compared to 2013

The office area transacted in Bucharest in H1 2014 totalized 132,000 sq. m, with 27 pct. growth compared to the similar period of last year, most of the transactions being completed for existing buildings, respectively 40 pct of the total.

Swan Offices didn’t reach any sale agreement

The creditors will adopt a new sale strategy for the bankrupt Swan office complex in Pipera-Tunari, as on Friday, the scheduled date for the appointment of the winner following the direct negotiation, the liquidator did not reach any agreement with the interested investors, Mediafax informs.

Hochland relocate its Bucharest office to Magheru One

German group Hochland, with a turnover exceeding EUR 49 million on the local market last year, rented 470 sq. m within the office building Maghe­ru One downtown Bucharest, where it will relocate its sales, marketing and supply chain departments which are currently hosted by a building in Floreasca area.

Coresi Brasov, 60 pct ready: the mall should reach annual revenues of more than EUR 5 million in 3-5 years

Coresi Brasov commercial centre, developed by Immochan, is 70 pct rented 8 months before the opening.

Total level of the real estate investments, 222 pct growth in H1

The level of the real estate investments (transactions with real estate projects) for the first half of 2014 reached EUR 402.4 million for a transacted area exceeding 692,000 sq. m.

The number of transactions with lands has increased in H1, and the value reached over EUR 50 million

The number of transactions with lands for real estate developments, retail and production spaces has increased this year, registering 15 large transactions nationwide, totalizing 630,000 sq. m, with a value exceeding EUR 50 million, according to the real estate consultant CBRE.

South Korea and Romania team up for joint IT research center

The South Korean science ministry in collaboration with the Romanian Ministry for Information Society have just opened an information technology research center which will implement several IT projects in Romania over the next three years, according to a press release from the Korean authorities, quoted in a piece by Yonhap News Agency.

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