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Articles - new office developments

Ovidiu Sandor started the construction of the last building of CBC Timisoara with EUR 26 million EU funds

Businessman Ovidiu Sandor started the construction of the fifth building in City Business Centre Timisoara, a project bought by the investment fund NEPI.

The reconversion of City Mall to offices nearing completion

Greek businessman Ioannis Papalekas has another EUR 2.8 million to invest for the completion of the reconversion works of City Mall to office spaces, the project being scheduled for opening this autumn.

JLL: Developers delivered office space for 8,000 employees in H1, but no malls

Real estate developers completed in the first half of 2014 office buildings for another 8,000 employees in Bucharest and 60,000 square meters of industrial space countrywide, but no shopping mall was delivered during this period, according to a report by real estate consulting firm JLL.

NEPI to start construction of the office building near Government in a few weeks

NEPI will start soon the construction works for an office building near Victoria Palace, on the neighbouring site of Ormolu Villa in Bucharest.

Papalekas’ Globalworth to build 105,000 sqm office compound in Romanian capital office hotspot

Real estate fund Globalworth, controlled by Greek investor Ioannis Papalekas plans to build an office compound right above the Pipera subway station in Bucharest, with an estimated EUR 98 million investment.

Fortech Cluj invested EUR 3.5 million for their own office building

Software services supplier Fortech form Cluj-Na­poca, controlled by Călin Văduva, completed an investment exceeding EUR 3.5 million for its own headquarters, with an area of approx. 5,000 sq. m.

Arval, Venchi and BNP Paribas Cardif among Ethos House tenants

Ethos House, the office project developed by Gktosis Anstasios in Bucharest, will be completed on October 1st, the developer has announced. The 8,000 square meter office building located on Calea Floreasca represents a EUR 7 million investment with Arval, BNP Paribas Cardif and Venchi among the first announced tenants.

Belgium’s Atenor to begin this autumn EUR 30 million investment in an office building in Pipera

Belgian group Atenor, which completed this spring its first project on the local market – an office building within the business park Hermes Business Campus in Pipera – will start this autumn the works for the second building of the complex, the investors being encouraged by the lease agreements signed in the last six months.

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