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Articles

Deutsche Telekom is looking for offices in Bucharest for 150-200 employees

German group Deutsche Telekom, controlling through OTE the phone operators Romtelecom and Cosmote, is looking for a dedicated office space in Bucharest, with an area of 1,600-2,000 sqm, where a service center could be developed with 150-200 employees, according to ZF information.

Honeywell signed for new offices in Bucharest, with additional capacity for 300 employees

American giant Honeywell, who reached last year over EUR 110 million turnover and almost 1,800 employees, rented 20% of the biggest office building in Bucharest, creating additional space for another 300 employees in services area, according to ZF information.

Siemens, Panasonic and Accenture extend their lease term for West Gate offices

Five of the companies headquartered in the office park West Gate, situated in the Western Bucharest, has decided to extend their lease term with five to ten years and even to extend their area: Siemens, Panasonic, Accenture, WNS and PPD (Pharmaceutical Product Development) Romania.

A company from Constantin Iavorski group to develop an office building in Pipera

The company Integral Invest, owned by April 2010 directly by the family of the businessman Constantin Iavorski, former Energy Minister of the Republic of Moldova, has recently started the construction works for a nine floors office building in Pipera, Northern Bucharest, with an EU grant of EUR 3.8 million (17.1 million lei).

Raiffeisen attracted the first outside tenant for Sky Tower

Sky Tower in Bucharest, owned by Raiffeisen, has the first tenant outside the Austrian group since mid-August, the tourism technological services provider Amadeus renting 366 sqm at the 19th floor of the biggest office building in Romania.

How much money gathered Papalekas after the London Stock listing

The company Globalworth Real Estate Investments, founded by the Greek businessman Ioannis Papalekas, which was listed on the AIM market of the London Stock Exchange at the end of July, reached over EUR 73 million capitalization. Papalekas has businesses of EUR 500 million in real estate field in Romania.

Value of City Gate complex in Bucharest down almost EUR 10 mil. since the beginning of the year

The value of office complex City Gate in Piaţa Presei, Bucharest, has decreased with EUR 9.7 million in the first semester, to EUR 159 million, while Galleria commercial centres in Arad, Piatra Neamţ and Buzău are evaluated to EUR 35 million, with EUR 4 million more than at the end of 2012.

Romania has most real estate owners in Europe

Romania is the country with most real estate owners in Europe, according to the last available Eurostat date, from 2011. Therefore, 96.6% of the Romanians own an apartment or a house, Le Figaro writes, noting that this is a common situation for the former communist countries.
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