about us | newsletter | contact | archive | members area
We will continue to be very cautious and to further improve our cost situation»

The real state of office real estate

A few years ago developers were eagerly building office space. Now the vacant stock is generating total monthly losses of EUR 6 million for its owners By Roxana Cristea

October 2011 - From the Print Edition

5 Photos
However, builders and agents are optimistic and hope that in the near future the market will recover, after big companies announced their arrival in Romania, the construction of new projects began and the market started to see pre-lease contracts again.
“Soon we will start to build a new project in Piata Presei Libere – a 26-floor green office building of 35,000 sqm which will require an investment of about EUR 60-70 million,” Shimon Gallon, general manager of GTC, told The Diplomat-Buchare...

To continue reading this article you have to be registered
The content that you are trying to view is available only for the registered users.
If you want to read this article now, please subscribe for FREE
New user Already registered ?
As a registered user you will have a lot of benefits.
      Forgoten password

There are 0 comments:

Validation Code

0 Comments  |  3005 Views
Daily Info
Garanti Bank finances Ramada Plaza Hotel in Craiova with 8.3 million Euro

Garanti Bank loaned 8.3 million Euro to Jiul SA, for the financing of Ramada Plaza Hotel in Craiova, the bank announced.

CFA: Macroeconomic confidence index up in October due to expectations component

The CFA Romania macroeconomic confidence index reached 69 points this October, up 4.1 points from the previous month, shows a release of CFA Romania. According to the release,...

Sintofarm gives up medicine manufacture to become real estate developer

The medicine producer Sintofarm (SINT) summoned its shareholders at the end of December to decide on selling equipment, trademarks and other shares and on taking over the name...

APIA: Hybrid, electric car sales surge 125 per cent from 2014

Sales of new electric and hybrid cars in Romania hit 411 units in the ten months, marking 125.8 percent surge from the same period in 2014, shows statistics released by the Ca...

Transport Urban Sinaia exceeds 1 million Euro turnover after eight months

The public tourism services operator Transport Urban Sinaia announced it exceeded the 1 million Euro milestone after eight months, 61 per cent growth in 2015 compared to the s...






More on Features
Austrians thrive in a recovering market

As the second largest investor in Romania, Austria has not reached the top by leaps and bounds, but by a steady and constant growth. In the context of a healing economy, Al...

Operational leasing still hitting the gas. How much fuel is left?

Although still in its infancy compared to other countries, Romania's operational leasing industry saw constant growth in past years and specialized companies are confident ...

Bogdan Padiu, Teamnet Group: More than 40% of our projects will be regional by 2018

Innovation, ambitious plans and Romanian intelligence have fuelled Teamnet Group's development over the past 14 years into one of the most important IT&C integrators in the...

The Chinese good intention

Even built on the 65-year historical dialogue tradition between Romania and China, the bilateral trade exchanges and investment intentions of Chinese investors resulting in...

The German approach: cautious optimism

Romania and Germany have always maintained tight economic bonds, but since the election of Klaus Iohannis as Romania's President the cooperation between countries seems to ...

OMV Petrom: Reaching the 12 billion Euro investment mark

This year, OMV Petrom will invest one billion Euro, even if its first-half result was deeply affected by the steep descend in oil prices, the company`s CFO Andreas Matje te...

Secrets to Investing Success in the Local CEP Market

Adrian Mihai, Managing Partner of FAN Courier, the local CEP market leader, speaks to The Diplomat – Bucharest about the local CEP market reality, further opportunities a...