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Office Market News

David Hay, CEO AFI Europe Romania, resigns

AFI Europe Romania announce a top management change: Mr. David Hay the CEO of the company for the last 7 years announced his resignation and his intention to continue his professional path apart of the company. The decision is a personal choice of Mr. Hay and the Group management, although with sadness, accepted his decision.

Green Satellite, EUR 900 million mixed-use project in Voluntari, to include offices on 100,000 sqm

GG Sky Imobiliare Invest, owned by the local businessman George Gaiţă, has plans to develop a large mixed project in Voluntari, near Bucharest.

Austrian group Strabag to build Ana Tower office building in northern Bucharest

The Ana Group, controlled by local businessman George Copos, signed with Austrian company Strabag for the construction of Ana Tower office building, which will be completed by the end of next year, 19 months after the start of the works, according to the company.

Wallberg Properties completes EUR 18.6 million local real estate projects and prepares new real estate projects

Wallberg Properties, a real estate development company active in local markets, announced the successful completion of Arad Plaza and Bourgeois Residence projects as well as the first phase of development of the Sunnyville residential complex in Braşov.

1 Billion Euros Investments In the New Metropolitan Hub in Northern Bucharest

After initially it seemed that Barbu Văcărescu-Pipera had reached its potential, and the developers were moving to other districts of Bucharest, the area re-entered a new stage of development, transforming into the Northern Metropolitan Hub of Bucharest, a study of Bucharest Real Estate Club shows.

AFI Europe Romania Net Operating Income (NOI) increased by 10% to over EUR 51 million during 2017

AFI Europe Romania published its financial results; The Net Operating Income (NOI) from its income producing assets in Romania reached to over EUR 51 million in 2017, representing 10.1% higher results compared to 2016.

Net investments in Romania amounted to 77.964 billion lei in Romania

Last year's net investment in the national economy amounted to 77.964 billion lei, up 6.4% year-on-year, according to data released by the National Institute of Statistics (INS).

Red Bull Romania sets up its office in Unirii View, in downtown Bucharest

Red Bull Romania has rented 600 square meters of office space in Unirii View and will thus establish its local office in the tallest modern office building in downtown Bucharest.

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