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Articles

Leroy Merlin opens store in Craiova, following EUR 13 million investments

Leroy Merlin opened a store at the Electroputere Park shopping center in Craiova today. This is the French DIY retailer’s second location on the Romanian market since opening in 2011.

Israeli developer to exit Romanian real estate market, sells land in Tîrgu Mureş

Real estate developer Plaza Centers, in process of exiting the Romanian market, announced the sale of 31,500 sq. m land in Tîrgu Mureş, where intended to build a commercial centre. The land was sold for EUR 3.5 million.

Anchor Grup plans to resume works on Metropol office project

Real estate developer Anchor Grup, part of Turkish Fiba Holding, is in the process of selecting a contractor and could resume works on the 35,000 sqm Metropol office project in western Bucharest this autumn.

Office markets in CEE continue to be supply-led through new development

A number of markets experienced a rise in the vacancy rate of the back of a large volume of new supply through the end of 2013 into the first half of 2014 including St. Petersburg, Moscow, Warsaw and Prague. The regional vacancy rate increased to 13.6 percent in 2014 H1, up from 11.8 percent in H1 2013 according to recent research released by Colliers International

Asbud takes over Karolkowa Business Park

Asbud now fully owns the Karolkowa Business Park office complex in Warsaw.

Skanska signs HP for 16,400 sqm at Dominikański

In one of the biggest lease transactions on the CEE office market, Skanska Property Poland signed HP Global Business Center for 16,400 sqm at its Dominikański scheme, currently underway near Dominikański Square in Wrocław.

Flanco rents 5,000 sqm in H. Essers logistics center near Bucharest

IT retailer Flanco rented a surface of 5,000 square meters in the H. Essers logistics center near Bucharest, in order to cut down on the time wasted for supplying its stores. Flanco will save 24 hours on supply, the company announced.

Construction company Tehnologica Radion enters insolvency

Tehnologica Radion, one of the main construction companies in Romania, has entered insolvency at its own request, according to Mediafax newswire. Insolvency procedures were initiated last week and the first hearing in this case will take place on Septmeber 15.

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