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Office Market News

ING Tech to rent its headquarters in Dacia One building

RTPR Allen & Overy has advised ING Tech, the global software development hub of the ING group, on the lease of an office space with an area of 13,000 sqm for the new headquarters of the company. The space is located in Dacia One building, next to former Victoria Casino and is developed by Atenor Group.

The M&A market regained its pace in the second quarter of 2019

The mergers and acquisitions market in Romania revealed a significant growth in the second quarter of the year, compared to the first quarter and to the same period in 2018 as well. According to Deloitte estimates, the total market value, including transactions with undisclosed value, has been between EUR 1.4 and 1.6 billion, while the value of disclosed transactions reached around EUR 790 million.

Lion's Head completes acquisition of Oregon Park, the second largest transaction in the history of the Romanian real estate market

The investment fund Lion's Head Investments, formed last year by a partnership between the oldest life insurance company in South Africa - Old Mutual and the largest real estate agency in Bulgaria - AG Capital, bought the last office buildings of the Oregon Park complex, part of a transaction worth over 170 million euros, the second largest in the history of the local market.

River Development invests over 70 million euros to develop two new class A office buildings within Sema Parc

River Development announces that the construction works for the London and Oslo office buildings in the Sema Parc Complex in Bucharest have started and the value of the investment exceeds 70 million euros.

inSIGN by Noblesse Group International was named Best interior design studio in Romania

This year, the inSIGN studio by Noblesse Group International was designated "Best Interior Design Studio in Romania" at the Architecture Awards, organized by Build Magazine from UK.

Ţiriac Holdings to invest hundreds of millions of euros in a mixed-use project in Expozitiei area

Billionaire Ion Ţiriac, through Ţiriac Holdings, wants to build on the land owned in the Expozitiei area of Bucharest, the most complex project in the area, including 24 buildings with a maximum height of up to 80 meters, according to the documentation submitted to the City Hall of Bucharest.

Bucharest City Hall wants to sell a 3.5 ha land near the Government building

The General Council of Bucharest considers selling a 35,000 sqm plot behind the Government building,

Ceetrus completed the third phase of the Coresi office project in Brasov

Ceetrus real estate developer (formerly Immochan) announces the completion of the third phase of the Coresi Business Park office project in Brasov, following an investment of 14 million euros.

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