Real estate
March 14, 2016 14:13
Courier and parcel services firm DPD Group leased17,000 square meters of buildings and logistics platforms in WDP Park Sibiu. The space will be used for a new distribution center that will be inaugurated in the course of 2016.  ...more »
February 23, 2016 16:18
Veranda shopping center, located in the Obor area in Bucharest, attracted funding of EUR 25.5 million from Raiffeisen Bank SA and Raiffeisen Bank International AG, that will be used fort the project development. In this transaction, Veranda Mall was assisted by law firms Freshfields Bruckhaus Deringer and PeliFilip, while financing banks have been advised by the lawyers of CMS Cameron McKenna. The credit agreement for Veranda shopping center was completed in February 2016 in order to partly finance the total cost for project development. Under the agreement, it provides the opportunity to increase funding to 28.5 million euros, while the total investment in the project is estimated to 60 million. ...more »
January 19, 2016 11:20
Office buildings AFI Park 4 and 5 have reached fifty percent (16,000 sqm) pre-leases at the beginning of 2016. The 4th and 5th phase of the office project AFI Park developed near the mall in Cotroceni will be delivered at the beginning of February 2016.  Cameron, one of the tenants in AFI Park 1, will expand and relocate its offices into AFI Park . The other three companies which have signed agreements for spaces in the two buildings come from the IT&C industry. AFI Park consists of 5 Class A office buildings totaling 70,000 sqm of GLA, which are linked to the AFI Palace Cotroceni Shopping Mall (82,000 sqm GLA)....more »
June 29, 2015 16:17
The level of developments in the office real estate segment reached all time high levels throughout 2014, according to the regional cities office market study released by DTZ Echinox. According to the data released by the firm, the office market o...more »
March 25, 2015 12:01
The global investment fund manager, Heitman, has disposed of recently Mercury Logistics Park, yet the other party involved in this transaction has not been disclosed....more »
March 17, 2015 16:44
French retailer Carrefour will relocate its 500 employees working in the Bucharest-based headquarters, currently located in Anchor Plaza, to Skanska's Green Court B office building, where rented 6,850 sqm....more »
March 09, 2015 16:49
Real estate developer Adama has launched construction of Evocasa Serenia, a new 7-unit residential project in Berceni neighborhood, in Bucharest, the investment amounting to about 3 million euro....more »
March 09, 2015 15:15
Beer brewing company Bergenbier will move its headquarters to Global City Business Park where rented 1,200 sqm, hence the office building locate din northern Bucharest achieved an occupancy rate of 60 percent, up 10 percent versus early-2014....more »
February 24, 2015 16:39
Oracle Romania has rented 10,000 sqm in Sky Tower office building in the Barbu Vacarescu – Floreasca area, one of Bucharest's landmarks, thus recording the first large real estate transaction of the year....more »
February 11, 2015 16:26
NEPI's development pipeline, including redevelopments and extensions to secured acquisitions, has increased to 547 million euro (estimated at cost), up 42 percent compared to the previous year, 176 million euro having been spent by 2014 year-en...more »
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