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Siemens invests EUR 4.5 million in R&D center in Cluj

Siemens invests EUR 4.5 million in R&D center in Cluj

Siemens announced on Monday it will expand its local presence in the IT field, by opening a new R&D center in Romania in Cluj, under the brand of its subsidiary Evosoft. By 2017, the company intends to hire over 210 people, who will work on global projects in software and product development for Siemens’ four sectors.

The top of the office areas: where it was registered highest activity in the first six months

The top of the office areas: where it was registered highest activity in the first six months

The relocation transactions volume increased in the first semester with 61 pct., while the renewals decreased with 33 pct.

First mall reconverted to factory: Leoni will produce cables in Armonia Arad

First mall reconverted to factory: Leoni will produce cables in Armonia Arad

The producer of cables for the auto industry Leoni Wiring Systems, part of the German group Leoni, will occupy nearly a quarter (7,000 sq. m) of the industrial park resulted from the reconfiguration by Immofinanz of the commercial centre Armonia Arad.

Canadian Telus rented half of AFI Park 3 office building

Canadian Telus rented half of AFI Park 3 office building

Canadian company Telus, externalized services provider, rented nearly 6,000 sq. m offices in AFI Park 3 building, currently in construction near AFI Palace Cotroceni mall in Bucharest, where it will relocate starting the beginning of next year.

Current industrial hubs stock in Romania, estimated at 1.8 million sq. m

Current industrial hubs stock in Romania, estimated at 1.8 million sq. m

Current industrial hubs stock in and near Bucharest is estimated at approx. 1 million sq. m, while the level of the entire country reached 1.8 million sq. m, according to the study made by Jones Lang LaSalle (JLL).

Revetas bought Vitantis retail park in a transaction of EUR 20 mil. debt assumption

Revetas bought Vitantis retail park in a transaction of EUR 20 mil. debt assumption

Equest Balkan Properties sold the commercial park Vitantis Shopping Center in Bucharest to the company Revetas Capital, specialized in distressed assets acquisition, in a transaction of EUR 20 million debt assumption.

Real estate transactions volume tripled in H1 2014

Real estate transactions volume tripled in H1 2014

Real estate transactions volume in Romania reached EUR 400 million in the first half of the year, nearly three times more than in the same period of last year, said Marius Grigorica, associate director capital markets within DTZ Echinox.

Globalworth ventures outside the Capital: invests EUR 35 mln in logistics park in Timisoara

Globalworth ventures outside the Capital: invests EUR 35 mln in logistics park in Timisoara

Globalworth, real estate investment company founded by Greek businessman Ioannis Papalekas, bought logistics complex Timisoara Airport Park for EUR 18 million from Invest4SEE.

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