OFFICE
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Timisoara Centrum Expanded Before Construction Start To Meet Demand
Alpha Group Investments, a division of Alpha Bank, and Ali Ergun Ergen, who used to run Plaza and Baneasa malls in Bucharest, are due to begin construction on a retail and office development...
Iaciu Wants To Sell 2,000 Apartments By 2018, Grow On Iasi Office Space Market
Gheorghe Iaciu, the entrepreneur who owns real estate developer Impact Developer & Contractor (IMP.RO), believes he will be able to sell 490 apartments in Bucharest compared with 90 last yea...
Romania’s Banking System Lost One Fifth Of Branches And Employees Since 2008
Almost seven years from the onset of the economic crisis, the banking system has lost one fifth of the jobs and offices. A number of 14,282 people left the system and 1,349 offices and branc...
Forte Partners Invests EUR70m In Office Developments In Bucharest
Real estate developer Forte Partners, founded by three businessmen - Geo Margescu, Ionut Dumitrescu and Johny Jabra, is preparing about EUR70 million investments in two office projects in Bu...
Bucharest’s Office Buildings Built For German, Austrian And American Retirees
The modern office space market estimated at 2.2 million square meters in Bucharest and 490,000 square meters in the main cities in the rest of the country is about to see a return of institu...
Builder Bog’Art Sees Revenue Up 45% In 2014
Builder Bog’Art SRL of businessman Raul Doicescu ended 2014 with more than 585 million lei (EUR131 million) revenue, up 45% on 2013 and its highest in six years, according to Finance Ministr...
CBRE Romania: Office Segment Is The Star Of Real Estate Market
The office segment is the driver of the real estate market in Romania, with record growth, as 33% of all demand in the first quarter was new demand, not relocation, Mihai Paduroiu, head of o...
JLL: Office Stock Grows Faster Than Demand, Vacancy Rate Seen Rising
Developers announce office projects at a fast rate, mostly speculating, but demand in Bucharest will likely remain constant in the following years, therefore the vacancy rate will rise again...
Inter IKEA: We Hope To Buy Another Plot Of Land In Bucharest In 2015
Vastint Romania, the real estate arm of Inter IKEA, has started work on office buildings on the former site of the Timpuri Noi plant and is looking at other potential acquisition targets as...