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Articles

Revenues of AFI Europe in Romania up to EUR 39.4 million last year

Revenues of AFI Europe from renting the shopping centres AFI Palace Cotroceni and AFI Palace Ploiești, as well as the first three buildings within AFI Park office complex totalled last year EUR 39.4 million, up with 7 pct. compared to 2014, according to the company’s financial statement.

Top of the biggest office owners in Romania

The office market in Romania is facing one of the most dynamic evolutions of the local real estate sector, a series of important developers announcing new projects in Bucharest and in other big Romanian cities.

Immofinanz: Stefan Schönauer Appointed Chief Financial Officer, Dietmar Reindl’s Executive Board Contract Extended

The IMMOFINANZ Supervisory Board recently appointed Stefan Schönauer as Chief Financial Officer for a period of three years, effectively immediately. He succeeds Birgit Noggler, who resigned from the Executive Board at her own request as of 19 February 2016. The Supervisory Board also approved a four-year extension in the term of office for Dietmar Reindl.

Real estate mixed-use project in Cluj-Napoca to be completed in December

The real estate project Platinia, developed by the businessman Sile Puşcaş on the former platform of the Ursus beer factory in Cluj-Napoca, will be completed in December 2016, the total investment reaching nearly EUR 40 million.

Romanian Fiscal Authority ANAF to relocate in 2017 to new headquarters

The new headquarters of ANAF will be designed by the associated companies Concrete & Design Solutions and Tahoma Bautrupp, the building with seven floors being scheduled for completion by mid-2017.

Two new office buildings in Iaşi to host 2,100 employees

Iulius group, controlled by the Romanian entrepreneur Iulian Dascălu, will complete in the first half of this year two office buildings within the Palas Iaşi project, which will increase with 60 pct. the office area and where nearly 2,100 employees could work.

Flavours to take over Willbrook Business and Convention Center management

Flavours, the operator of Fratelli club and other restaurants across Bucharest, has announced it is taking over the management of Willbrook Business and Convention Center starting this March.

Romania records third largest growth in EU

Romania recorded the third largest economic growth in the European Union in the last quarter of 2015, according to EU’s statistical office Eurostat.

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