Austrian investment fund S Immo will develop a 28,000 sqm office building in Bucharest under the name ‘The Mark’, with a budget of EUR 66 million. The Mark will be located at the crossroads between the future Uranus boulevard and Calea Grivitei, close to the office hotspot Victoriei Square. The project will include a 15-floor tower and a six-floor adjoining office building called the Podium. Colliers International and Jones Lang LaSalle real estate agencies are co-exclusive agents for the project. The new real estate project has been designed by the architects at Chapman Taylor. The [...]

Austrian investment fund S IMMO, part of Erste Group and the developer of the Sun Plaza shopping center in Bucharest, will invest EUR66 million in an office compound in the capital city on a piece of land it has owned for over four years. source: Ziarul Financiar

Samsung Electronics leased the fifth floor of the Platinum Business and Convention Center, an office building developed by Willbrook Management close to the Henri Coanda airport in Bucharest. The South – Korean company will occupy some 3,000 sqm, with Pfizer and Realitatea Media as neighbors. Platinum Business and Convention Center includes two office buildings of five floors each, which were built with some EUR 100 million. Willbrook Management also developed Cathedral Plaza and the residential compound Oxford Gardens, as well as Tomis Mall in Constanta. The company is part of Miller Global [...]

The Romanian subsidiary of South Korean electronics, home appliances and IT equipment producer Samsung will move its headquarters in the Platinum Business and Convention Center project developed by Willbrook Management International. The company has rented the office building’s entire 5th floor (3,018 sqm). Other tenants in the office center are Realitatea TV and Pfizer. Platinum Business and Convention Center is located near Baneasa Forest with direct access to DN. The project was delivered last October and required an investment of EUR 100 million. It comprises two buildings which include [...]

Office rents in central Bucharest increased slightly in the first quarter, for the first time since the start of the crisis on the real estate market, over low supply and higher demand, according to DTZ Echinox. source: Ziarul Financiar

CEVA Logistics, a supply chain company, opened an office in Bucharest in a move to strengthen its freight management platform in Eastern Europe. With the new office, CEVA will provide services such as international air and ocean freight management services, cargo planning; freight management consultancy; worldwide door to door deliveries; customs clearance. The Romanian office is managed by Cristian Ofiteru, CEVA’s Country Manager in Romania. In Eastern Europe, CEVA has offices in Poland, Hungary, Czech Republic and Slovakia. source: Business Review [...]