Romania Report| Investments in Cluj Area
latest headlines on the investment front in Cluj-Napoca
Business service and technology solutions provider Genpact, a division of Gen...
Genpact is the second company to announce the decision to hire a large number of people in Cluj, after Nokia officials recently announced they would recruit 3,500 people to run their production facilities in Jucu (Cluj county).
"The business is growing fast and we were not sure Bucharest could sustain this growth in terms of recruiting talent." said Mazhari justifying his decision to open the second BPO centre outside Bucharest.
The players in the BPO industry are among the most active employers in the economy and largely seek people who speak foreign languages and have various technical skills (i.e. accounting, IT, etc.).
Cluj was one of three cities on the short list in the evaluation process Genpact conducted last year, along with Brasov and Iasi. "After a two-month due diligence (October-December 2006), we chose Cluj from the three locations. Brasov and Iasi were quickly struck off the list, almost simultaneously," Mazhari explained. However, he would not reveal the value of the investment required to open the centre in Cluj.
Source :http://www.zf.ro/articol_130681/genpact_to_hire_several_hundred_people_in_cluj.html
Shady real estate deals near Nokia Village in Transylvania
The prefect of the Romanian county of Cluj has announced he would chack the retrocession cases involving properties in the villages of Jocu and Apahida, situated close to the 150 hectare-wide property where a Nokia Village will be built. According to Prefect Alin Tise, every bit of land around the future Nokia Village are currently subject of retrocession claims.
Land prices has been spiraling in the region with some areas costing ten times as much now compared to what they used to cost before Nokia announced it would buy a major industrial park in the Jucu area - the so-called Nokia Village.
Source:
http://english.hotnews.ro/Shady-real-estate-deals-near-Nokia-Village-in-Transylvania-articol_45104_1_-1_1_-1_em1-trimite-unui-prieten.htm
Austrian investment fund Immoeast has bought shopping centre ?Polus Center Cl...
Austrian investment fund Immoeast has bought shopping centre ?Polus Center Cluj? from Trigranit Holding in a deal worth 210 million Euro. Immoeast will purchase the centre in stages with the respect to the progress of the building and its level of occupancy. Polus Center Cluj has signed rental agreements for 55 per cent of the property and pre-agreements for an additional 20 per cent of the lettable space. Construction for the shopping centre is scheduled for completion in November 2007.
Source :
http://www.thediplomat.ro/real_estate_0407.php
23m-euro residential complex in Cluj
Italian businessman Giorgio Griessi, who owns two plants in Romania in the iron-and-steel sector, is going to build a residential complex worth 23 million euros in the Chinteni area, 6 kilometres away from Cluj-Napoca.
Griessi owns a 6-hectare plot of land in this area and intends to build 25 four-storey blocks of flats. According to the investor, each block will have an area of around 500 square metres and there will be four flats on each storey.
"The decision to invest in real estate was made amid the fast development of this market. We chose Cluj because it is a city that has a little of everything, as well as very many young people wanting to buy a house," explained Giorgio Griessi, who provides the funding of the project.
http://www.zf.ro/articol_86751/23m_euro_residential_complex_in_cluj.html
Immorent to develop projects in Bucharest, Cluj, Timisoara and Iasi
Immorent Company, subsidiary of Erste Bank Group, intends to develop, between 2007 and 2008, several real estate projects on the commercial, residential and office segments. The targeted areas in the Capital are the North (Baneasa, Pipera, Floreasca, Aviatiei, Herastrau and locations near by DN1), the West (Militari) and the Center (Charles de Gaulle Plaza, Aviatorilor Plaza, Victoriei Plaza, Romana Plaza, Universitatii Plaza). For the rest of the country, Immorent is mostly oriented towards Cluj-Napoca, Timisoara and Iasi, especially going for commercial projects. Immorent plans are part of the strategy adopted by Erste Bank Group for the Central and East European regions.
http://stiri.zdi.ro/en/News-Immorent_to_develop_projects_in_Bucharest,_Cluj,_Timisoara_and_Iasi-1038.html
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latest headlines on the investment front in Cluj-Napoca
Business service and technology solutions provider Genpact, a division of Gen...
Genpact is the second company to announce the decision to hire a large number of people in Cluj, after Nokia officials recently announced they would recruit 3,500 people to run their production facilities in Jucu (Cluj county).
"The business is growing fast and we were not sure Bucharest could sustain this growth in terms of recruiting talent." said Mazhari justifying his decision to open the second BPO centre outside Bucharest.
The players in the BPO industry are among the most active employers in the economy and largely seek people who speak foreign languages and have various technical skills (i.e. accounting, IT, etc.).
Cluj was one of three cities on the short list in the evaluation process Genpact conducted last year, along with Brasov and Iasi. "After a two-month due diligence (October-December 2006), we chose Cluj from the three locations. Brasov and Iasi were quickly struck off the list, almost simultaneously," Mazhari explained. However, he would not reveal the value of the investment required to open the centre in Cluj.
Source :http://www.zf.ro/articol_130681/genpact_to_hire_several_hundred_people_in_cluj.html
Shady real estate deals near Nokia Village in Transylvania
The prefect of the Romanian county of Cluj has announced he would chack the retrocession cases involving properties in the villages of Jocu and Apahida, situated close to the 150 hectare-wide property where a Nokia Village will be built. According to Prefect Alin Tise, every bit of land around the future Nokia Village are currently subject of retrocession claims.
Land prices has been spiraling in the region with some areas costing ten times as much now compared to what they used to cost before Nokia announced it would buy a major industrial park in the Jucu area - the so-called Nokia Village.
Source:
http://english.hotnews.ro/Shady-real-estate-deals-near-Nokia-Village-in-Transylvania-articol_45104_1_-1_1_-1_em1-trimite-unui-prieten.htm
Austrian investment fund Immoeast has bought shopping centre ?Polus Center Cl...
Austrian investment fund Immoeast has bought shopping centre ?Polus Center Cluj? from Trigranit Holding in a deal worth 210 million Euro. Immoeast will purchase the centre in stages with the respect to the progress of the building and its level of occupancy. Polus Center Cluj has signed rental agreements for 55 per cent of the property and pre-agreements for an additional 20 per cent of the lettable space. Construction for the shopping centre is scheduled for completion in November 2007.
Source :
http://www.thediplomat.ro/real_estate_0407.php
23m-euro residential complex in Cluj
Italian businessman Giorgio Griessi, who owns two plants in Romania in the iron-and-steel sector, is going to build a residential complex worth 23 million euros in the Chinteni area, 6 kilometres away from Cluj-Napoca.
Griessi owns a 6-hectare plot of land in this area and intends to build 25 four-storey blocks of flats. According to the investor, each block will have an area of around 500 square metres and there will be four flats on each storey.
"The decision to invest in real estate was made amid the fast development of this market. We chose Cluj because it is a city that has a little of everything, as well as very many young people wanting to buy a house," explained Giorgio Griessi, who provides the funding of the project.
http://www.zf.ro/articol_86751/23m_euro_residential_complex_in_cluj.html
Immorent to develop projects in Bucharest, Cluj, Timisoara and Iasi
Immorent Company, subsidiary of Erste Bank Group, intends to develop, between 2007 and 2008, several real estate projects on the commercial, residential and office segments. The targeted areas in the Capital are the North (Baneasa, Pipera, Floreasca, Aviatiei, Herastrau and locations near by DN1), the West (Militari) and the Center (Charles de Gaulle Plaza, Aviatorilor Plaza, Victoriei Plaza, Romana Plaza, Universitatii Plaza). For the rest of the country, Immorent is mostly oriented towards Cluj-Napoca, Timisoara and Iasi, especially going for commercial projects. Immorent plans are part of the strategy adopted by Erste Bank Group for the Central and East European regions.
http://stiri.zdi.ro/en/News-Immorent_to_develop_projects_in_Bucharest,_Cluj,_Timisoara_and_Iasi-1038.html
Newsfeed display by CaRP