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Real estate transactions volume tripled in H1 2014

Real estate transactions volume in Romania reached EUR 400 million in the first half of the year, nearly three times more than in the same period of last year, said Marius Grigorica, associate director capital markets within DTZ Echinox.

NEPI to start construction of the office building near Government in a few weeks

NEPI will start soon the construction works for an office building near Victoria Palace, on the neighbouring site of Ormolu Villa in Bucharest.

ZF Study: Best Business Centres in Bucharest

Victoria Center building on Calea Victoriei, Sky Tower near Promenada mall and the business park AFI Business Park near AFI Palace Cotroceni mall are the office projects in Bucharest gathering most of the criteria on the list of the companies looking for offices, according to a ZF study based on the answers from eight real estate consultancy companies.

Papalekas’ Globalworth to build 105,000 sqm office compound in Romanian capital office hotspot

Real estate fund Globalworth, controlled by Greek investor Ioannis Papalekas plans to build an office compound right above the Pipera subway station in Bucharest, with an estimated EUR 98 million investment.

Anchor Group general director quits after 14 months on the job

Razvan Gaita, general director for Anchor Group since May 2013, resigned his position on August 1, for personal reasons. Gaita will start his own business so the renovation plans for the two shopping malls the Turkish developer owns in Bucharest are up in the air, writes Mediafax.

Number of companies with foreign shareholding goes up to almost 200,000 on June 30, 2014

The number of companies with foreign shareholding went up to 195,539 on June 30, 2014, as against 192,416 such units on December 31, 2013, according to data centralised by the National Office of the Trade Register (ONRC).

Mega Image Romania takes over local Angst chain

Mega Image announced Tuesday it reached an agreement with Angst to take over 20 of its 22 stores after the local company dropped out of a collaboration with Carrefour, writes Mediafax.

Helios Phoenix to expand Olympian Parks

Helios Phoenix, the sole owner of the Olympian Parks industrial portfolio, announced on Tuesday plans to extend both locations in Brasov and Timisoara with over 20,000 sqm.

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