Seed producer Limagrain has rented 260 sqm in the Airport Plaza office building near Henri Coanda International Airport, through BNP Paribas Real Estate, according to the company. A three year leasing contract was signed. Limagrain is an international agricultural co-operation group specialized in field seeds, vegetable seeds and cereal products and was founded and managed by French farmers. “Limagrain dedicated a bigger budget than before to the leasing contract, despite the challenges of this period, since we believe in Romanian agriculture and it is very important that Limagrain’s [...]
C&W: Chink of light in London office market (UK)
After diminished take-up in the London office market this year, particularly in the first six months, there is light ahead for developers in the Capital, according to a study from Cushman & Wakefield. With companies adopting a ‘wait-and-see’ attitude towards property decisions in 2011, it is expected that the London office market will benefit from some of the resulting pent-up demand next year. When asked about their organization’s strategy in 2012, just under half of London companies (49%) described it as one of opportunistic growth and just under one-fifth (17%) will be looking [...]
A new tenant in the office building S-Park
Grundfos company, which manufactures pumps for circulation and is present on the market in Romania since 2006, has relocated its office in Building S-Park, near Piata Presei. Grundfos has rented an office space of 550 sqm in class A office building S-Park, and the transaction was brokered by BNP Paribas Real Estate Romania. The lease was signed for a period of five years. Office relocation is part of the local strategy for improving the quality of Grundfos services. Grundfos company was founded in 1945 by Poul Due Jensen and has an annual production of over 16 million pumps, one of the [...]
Research and Markets: Romania Real Estate Report Q3 2011 – Rents are expected to enter a period of relative stability
DUBLIN — Research and Markets (http://www.researchandmarkets.com/research/fa828b/romania_real_estat) has announced the addition of the "Romania Real Estate Report Q3 2011" report to their offering. Business Monitor International's Romania Real Estate Report provides industry professionals and strategists, corporate analysts, real estate associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Romania's Real Estate industry. Growth is now on the way for Romania's real estate sector after a buffeting from the economic [...]
GTC Secures EUR100M Loan From Erste To Refinance City Gate Project In Bucharest
Property developer Globe Trade Center, or GTC, has obtained a EUR100 million loan from Erste Group Bank (EBS.RO), to refinance the investment in Bucharest office complex City Gate, company officials told MEDIAFAX. source: Ziarul Financiar
The Arlington Business Parks Partnership sells HQ and announces amendments to CMBS facility (UK)
Arlington Business Parks Partnership Fund (ABPP) is pleased to announce two new strategic initiatives for the Fund. Verizon's HQ facility at Reading International Business Park. Sale of Verizon A sale price in excess of £140 million (approx. €162.9 million) was agreed for the HQ facility, which comprises phases I and II of Reading International Business Park, and is let to global communications provider Verizon for 10 years and houses its European headquarters. ABPP, which is managed by Goodman and operated by Legal & General Property, will retain the adjacent land for [...]
eMAG moves its headquarters to Swan Office & Technology Park
Online IT&C retailer eMAG has moved its headquarters to the Swan Office & Technology Park where it rented a space of 2,700 sqm. The relocation decision is part of the company’s development plans, as eMAG estimates an annual growth of at least 50 percent on the medium term. The new HQ hosts 170 of the 375 employees of eMAG- the teams in the de IT, marketing, HR, financial, supply, sales and call center departments. On the other hand, the company is not giving up the space it has in Grant Mall, which until now hosted its central operations, and now will only host the showroom and service [...]
Honeywell Romania rents 3,000 sqm offices in Upground compound in Bucharest
Electronic equipment and systems provider Honeywell has rented 3,000 sqm in the Upground office complex located in Pipera, Bucharest, through Jones Lang LaSalle, according to the company. This is part the company’s expansion strategy, as Honeywell already has offices in the area. According to Honeywell’s website, its headquarters are in Floreasca Business Park, while another location listed is Iuliu Maniu Blvd East of Bucharest. Honeywell owns a factory in Bucharest and one in Lugoj. In 2009, the company posted a turnover of EUR 70 million in Romania, where it employed 1,300 people. Upground [...]
Q: How did 2012 start for the residential market in Iasi?
Dan Mihoci: The real estate market is headed towards normalcy, without “sentimental” pretentions of the seller or unfounded requests from buyers with an evident need for consultancy, for both buyers and sellers. Despite the bad weather and the economic and political instability, the real estate market is an interesting chapter for everyone.
Q: In 2011, the year started with a high level of interest but few transactions. How did the market evolve ... 
