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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

Investments in real estate assets, as well as new developments will be extended throughout 2015, too, continuing the tendency observed last year, according to PwC specialists who expect cities like Bucharest, Timisoara and Cluj-Napoca in particular to see intense construction activity....more »

The office space take-up in Romania’s major cities, including Bucharest, increased by 9.9 percent last year, reaching about 346,000 sqm, according to a report by Esop Consulting, reads Mediafax. While in Bucharest the leasing activity grew by only 5.57 percent compared to 2013, in the rest of the country the office space subject of such transactions advanced by 61 percent....more »