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Carpatcement expects 3% turnover increase yet smaller profit this year

The cement producer Carpatcement Holding, part of the German group HeidelbergCement, has budgeted for this year business of 834.8 million lei (approx. EUR 188 million), with 3.3% increase compared to 2012 and a brut profit of 174.9 million lei (approx. EUR 39 million), 4.9% smaller.

Bucharest office rents down to EUR 7.7/sqm/month

Bucharest office rents went down to EUR 7.69/sqm/month, the cheapest offers being registered in the Eastern Bucharest, according to a report done by Esop Consulting.

Kyiv, Istanbul and Bratislava highlighted as manufacturing hot spots

Kyiv, Istanbul and Bratislava have emerged as the top three ideal locations for cost-driven manufacturing activities, Colliers International recently announced in its latest report, Logistics Cities, a European Comparison.

Bucharest, in Top 15 cities with biggest office occupancy cost cuts

Bucharest occupies the 12th place in the top of world cities with the biggest office occupancy costs cuts in the last year, with 6.1% decrease in 1Q 2013 compared to 1Q 2012, according to CBRE real estate consultant.

Tristan Partners acquires 5 Polish malls

In one of the biggest transactions this year for the Polish retail market, Tristan Capital Partners will take over a portfolio of five shopping malls from the Australian Charter Hall Retail REIT for €174.5m.

Project is Fourth BTS at Prologis Park Wroclaw V

Prologis, Inc., the leading global owner, operator and developer of industrial real estate, has announced it has signed a 15-year leasing agreement with trade group Eko Holding for a 34,900 square metre build-to-suit distribution centre in Poland. Colliers International acted as broker on behalf of Eko Holding for this transaction.

US continues strategic investments in Romania

US companies remained active investors in Romania last year, with players in the IT, automotive and oil & gas sectors making strides to strengthen their local operations, taking the country’s total foreign direct investments (FDI) to over USD 1 billion.

Papalekas demolishes Porsche Aviaţiei showroom to develop an office building

The businessman Ioannis Papalekas, one of the most active and discrete real estate investors started the demolition of the showroom Porsche Aviaţiei from northern Bucharest, in order to develop a new office building near the metro station Aurel Vlaicu, in the proximity of Pipera passage.

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