Ericsson Romania, the domestic subsidiary of the Swedish-based manufacturer of telecommunication equipment, increases the surface let within West Gate office park with other 4,000 sqm. Hence, the total area occupied by Ericsson adds up to 16,000 sqm, the lease period being extended by 2019, according to a press release of Genesis Development, which developed the project....more »

Investment fund Equest Balkan Properties confirmed the sale of the retail park incorporating Vitantis Shopping Center which will be taken over by Revetas Capital, an investment manager in Central and Eastern Europe which targets distressed real estate projects or single asset transactions, according to Mediafax....more »

The German-based logistics company, Rhenus Logistics moved its operations to Mercury Logistics Park, near the Bucharest-Pitesti highway, where rented 14,000 sqm, becoming the largest real estate transaction so far in 2014, according to GS Capital Advisory which provided advisory services to Rhenus, states ZF....more »

Unirea Shopping Center aims to take this year a loan of up to 70 million euro to support its investment programme. The loan which will be released in tranches is expected to be approved during the Extraordinary General Meeting of Shareholders scheduled for June 5, 2014, according to an informing sent to the Bucharest Stock Exchange....more »

Benevo has obtained the construction permit for Victoria City Center, project that was initially scheduled to start at the beginning of the year, thus the company announces that construction works will eventually begin this July after the contracting of a construction company planned for the following month. Its opening is expected next year, in October....more »

Element Development will develop a new real estate project on the site of the former Grivita brewery. The project valued at some 40 million euro also includes some of the old buildings in the area which will be conserved, according to a company ...more »

The best-performing real estate professionals in the South Eastern Europe region have been recognized by EuropaProperty during its 9th annual SEE Real Estate Awards Gala, last Thursday, April 10....more »

The Danish retailer JYSK has leased 1.200 sqm in ColosseumRetail Park, the new retail box being scheduled for opening this week, on April 10. Located in the North-West Bucharest, the retail park developed by Nova Imobiliare and inaugurated in 2011, has a leasable area of 37.500 sqm, including among its major tenants Carrefour, Altex and Leroy Merlin Bricolage. With the new lease agreement concluded, transaction arranged by Jones Lang LaSalle, there remains a single big box unit available, its letting being currently under negotiations...more »

The short-list for the upcoming 9th annual EuropaProperty SEE Real Estate Awards, representing the most outstanding and accomplished projects, companies and individuals throughout the SEE region in 2013, has been announced. Furthermore, leading players from the dynamic SEE real estate markets are now braced to take part in the region’s premier commercial real estate awards event on April 10th 2014, at the Athenee Hilton Hotel, Bucharest, Romania. ...more »

Globalworth Real Estate Investments announces the signing of lease agreements with Vodafone and Huawei for 37.5 percent of the available leasable area in Bucharest One, the office tower which will be completed in the last quarter of the next year. Vodafone has leased 16.000 m2 for a ten-year period in the new building located in Northern Bucharest – Floreasca/ Barbu Vacarescu area. With the other tenant, Huawei, the investment fund has concluded an agreement for leasing 2.500 m2 for a five-year period....more »