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Articles - new office developments

60 pct of office space to be delivered this year still doesn’t have tenants

Real estate developers face the grim reality that 60 percent of the office buildings that they will deliver this year don’t have any tenants. Depending on the project, the level of free space ranges from 0 percent to 100 percent according to data centralized by Mediafax.

Gheorghe Iaciu bought Moldova Mall in Iaşi and plans partial office reconversion

The businessman Gheorghe Iaciu, who has strongly invested in stock in latest years, taking over important shares in SIF Muntenia and in real estate developer Impact, also has bought early this year the commercial centre Moldova Mall in Iaşi with the intention to reconvert half of the project to office spaces.

The `Canary Wharf` of Bucharest, the zone where the investors are pumping one billion Euros

The former industrial platforms in the area Barbu Văcărescu – Pipera in Norhter Bucharest have been sold for years to the real estate developers, and their investments have radically changed the image of a region the real estate consultants believe to have potential to become Bucharest’s “Canary Wharf”.

Centrofarm to develop 10 floors office building in Bucharest’s Universitate area

The company Centrofarm, the owner of the pharmacy network with the same name, started the development of a building with 10 floors in Bucharest downtown, in the proximity of Universitatii Square on a plot of land of approx. 2,100 sq. m.

First building in Hermes Business Campus, to be completed in March. Xerox, Litera and Fribourg Capital, among tenants

The first of the three buildings included in Hermes Business Campus, the office park developed by Atenor Group in Bucharest, will be delivered by the end of March, has announced Colliers International, the property manager of the complex.

One of world’s biggest banks finances Papalekas tower in Bucharest

Globalworth, the company founded by the businessman Ioannis Papalekas in order to gather under the same company more properties in Romania, has obtained a loan for the development of the office tower.

Centre-West: The Bucharest zone with potential for new office buildings

The area Floreasca - Barbu Văcărescu, the office developers’ favourite in recent years, starts becoming risky.

Ovidiu Şandor: The EUR 25 mil. office building in Cluj to be 75% rented before delivery

The businessman Ovidiu Şandor, the developer of the business park City Business Centre in Timişoara, sold to the investment fund NEPI, estimates an occupancy rate of minimum 70-75% for the office building in Cluj, to be delivered in April this year, following EUR 25 million investments.

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