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Articles

Improving economic sentiment yet to impact office market

2013 is likely to remain a difficult year for office markets and aggregate take-up fell sharply in Q1 to the lowest quarterly level since 2009, shows the latest market study of CBRE global Research and Consulting.

UniCredit to recover 80% of EUR 22 million credit for Alia Apartments

UniCredit Tiriac Bank estimates to recover almost 80% of EUR 22 million credit gave to the Spanish developers of the residential complex Alia Apartments in Arcul de Triumf area, through the selling and renting of the flats that were not sold before the project insolvency of last year.

Residential construction permits – 5% increase in the first four months

The number of the construction permits for residential buildings increased in the first four months compared with the same period of last year with 5% (498 permits) to 10,467, according to the National Institute for Statistics (INS).

Bucharest City Hall allocates EUR 28 mln to complete Mihai Bravu overpass

Bucharest’s City Hall (PMC) will organize an accelerated restricted tender procedure in order to select a company to complete the Mihai Bravu -Splaiul Unirii overpass. The funds necessary to complete works on the site are estimated at approximately RON 129 million( approx. EUR 28 million), VAT not included.

Ethos House to invest EUR 7 million in an office building in Calea Floreasca area

Ethos House, the company related to the developer of the Bucharest office building Polonă 68, will invest approx. EUR 7 million for the construction of Ethos House office building in Calea Floreasca area, on land bought last year from Willbrook International.

Bucharest’s Q1 2013 office space delivery surges to 2012 total volume level

In the first quarter of 2013 some 71,000 sqm of office space were delivered in Bucharest, a figure approximately equal to the total volume delivered 2012, according to a DTZ Echinox report. This was the most active quarterly construction activity recorded since Q4 2010, said DTZ Echinox representatives.

Mitiska gathered EUR 75 million for retail park investments

Mitiska gathered EUR 75 million for the company First Retail International through which it is planning investments in retail parks across Europe.

Top of Bucharest areas with biggest price falls for lands

The prices of lands in Bucharest and outskirts continued to fall in the first months of 2013, according to a study done by Imopedia.ro.

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