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Articles - new office developments

Real estate developer Vastint received EUR 20 million from shareholders in December

Vastint Romania, the real estate division of the Swedish group Inter IKEA, has received EUR 20 million from its Dutch shareholders in December, according to data published by the Romanian Trade Registry.

Forte Partners conducted last year real estate projects with a market value of EUR 100 million

Real estate developer Forte Partners conducted in 2016 two office projects with a total market value of EUR 100 million: Ștefan cel Mare, boutique building situated in downtown Bucharest (EUR 19.5 million) and The Bridge, business park situated in the area of Basarab passage (EUR 80.5 million).

Nearly 11,000 jobs were created in the new office buildings last year

Nearly 30 pct. of the total transactions in 2016, namely 110,000 sqm, represented expansion transactions and new office request, according to CBRE, which totals office space for 11,000 new jobs, considering the average of 10 sqm/employee.

Iulius company completed first A class office building in Openville Timisoara

Iulius Company, the only developer and operator of mixed use projects in Romania, completed the first A class office building of the seven that will be included in the Openville Timisoara, United Business Center 2 (UBC 2).

Skanska invests EUR 38 million in new office project in Bucharest

Skanska Construction Romania, owned by the Swedish group Skanska, will invest EUR 38 million in the first office building of the Campus 6 project located in Western Bucharest, near the Polytechnic University.

Mulberry Development to start first development phase of ISHO project in Timisoara

Mulberry Development is to start the first development phase of the ISHO project in Timisoara’s Take Ionescu area. The developer received the first building permissions and will soon start building the largest real estate project in Timisoara.

Belgian and Romanian investors develop office and residential project in Northern Bucharest

Local real estate developer Millstone Developments will build a residential project with 200 apartments located near Petrom City, in Northern Bucharest and an office building near the Otopeni Airport. The market value of the two projects is estimated at some EUR 34 million.

AFI Europe starts the construction of AFI Tech Park office project in Bucharest

AFI Europe, one of the largest real estate developers and investors active on the market in Romania, will start the construction of the office project AFI Tech Park located near the Marriott Hotel in Bucharest.

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