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Office Market News

Hilti Romania and Knauf are the new tenants of AFI Tech Park 1

AFI Europe Romania, the developer of AFI Tech Park, has announced the signing of new lease agreements with two multinationals, Hilti Romania and Knauf (with two divisions, Knauf Gips and Knauf Insulation).

Immochan changes its name to Ceetrus and becomes a real estate developer of mixed projects

The developer of the Coresi neighborhood in Brasov, Immochan, aims to build new projects with mixed functions in 5 other cities in the country, including Bucharest.

Buildings delivered in 2017 are worth over 1 billion euros

In Romania, commercial real estate (retail, office and logistics) with a value of 1.084 billion euros was delivered in 2017, according to Cristian Negrea, director of the Asset Property Services valuation department.

Romania low ranking of foreign direct investment in Europe top

Romania is ranked 13th among the top 15 European countries according to foreign direct investment projects (FDI), being followed only by Serbia and Hungary, according to a study published on Monday by IBM and Ernst & Young (EY).

Register now with a 15 % discount for the REALTY Forum!

Organized by Business Review on June 19, the 17th edition of the REALTY Forum has grown alongside the local property market to become the leading Romanian real estate event. This June we bring together developers, investors and consultants, to see whether success breeds success for local real estate players in 2018.

Don't miss the Facility & Property Management 2018 conference!

The 9th edition of Facility & Property Management Conference will take place on 12 June, at JW Marriott Bucharest Grand Hotel and will bring together specialist owners, tenants and specialists in the maintenance and management of commercial buildings, offering a broad perspective on the regional and local trends facing this industry.

Hourly labor costs grew by almost 13% in the first quarter in Romania

Hourly labor cost posted a 12.72% growth rate in the first quarter of 2018 compared to the same quarter of the previous year, according to data released by the National Institute of Statistics (INS).

IMMOFINANZ doubled the results of operations to EUR 35.5 million in the first quarter of 2018

IMMOFINANZ doubled the results of operations to EUR 35.5 million in the first quarter of 2018 compared to the results registered in Q1 2017, EUR 17.8 million.

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Alexandra Filip

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