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Articles

Strabag to construct first two office buildings of Oregon Park project in Pipera

Austrian group Strabag, which became in the last years the largest player on the local construction market, will build the first two office building of the project Oregon Park in northern Bucharest, an investment of Portland Trust, group controlled by British Robert Neale.

Romania’s mergers and acquisitions market exceeds EUR 400 mln

The mergers and acquisitions (M&A) market in Romania exceeded EUR 400 million in the first quarter of 2015.

PM Ponta: Gov’t to decide on VAT cut by 4 per cent these days

Prime Minister Victor Ponta said Monday that the Government will these days decide on the cuts in the Value-Added Tax (VAT).

Green City residential assembly is put up for sale for EUR 20 mln

Green City residential complex, developed by the Green City Construct company, controlled by businessman Dumitru Bucsaru, was put up for sale by the judicial liquidator, who sells over 200 villas and the afferent land, individually or wholesale, in the latter case the price being set at EUR 20 million.

12 new tenants for Flash Office Solutions’ offices

In the first three months of 2015, the occupancy rate of the ready-to-move-in offices of Flash Office Solutions has increased from 45 pct to 87 pct, most of the tenants being young entrepreneurs less than 35 years old.

Average salary in Romania down 0.5 pct in February

The gross nominal average salary amounted last month to RON 2.395 (EUR 542), down 0.5 percent compared to the previous month, the National Institute of Statistics (INS) data show.

Dedeman and Lidl to buy from Plaza Centers a land of 46,000 sq. m in Iasi

Real estate developer Plaza Centers negotiates with Dedeman and Lidl the sale of a land of approx. 46,000 sq. m in Iasi, with an estimated value of EUR 7.28 million.

Liebrecht & wooD invests EUR 600,000 in refurbishing part of West Park Bucharest

Belgian developer Liebrecht & wooD has invested EUR 600,000 in renovating 4,228 sqm of retail space part of its retail park in western Bucharest which it is now rebranding as West Park Bucharest. The project is mostly known for hosting Fashion House Outlet, the only fashion outlet center in the capital.

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