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Office Market News

Transaction: EBRD acquires 4.4% of Globalworth real estate developer

The EBRD has joined the real estate developer Globalworth Real Estate Investments Limited by taking a 4.4% stake in a public offer to support the development of the company portfolio and operations in Romania and Poland, where the company has attracted 340 million euro.

New Lease Agreement in AFI Tech Park: Concept Store “1 Minute” to open a new unit in the business campus

AFI Europe Romania has signed a new lease agreement for the AFI Tech Park business camp. The new tenant is Lagardère Travel Retail Romania with their "1 Minute" Quick Service Restaurant concept, who has rented a space on the ground floor of the AFI Tech Park 1 building.

Forte Partners takes a 12 million-euro credit from BT for Aviatiei Park

Forte Partners real estate developer, founded by Geo Mărgescu, Ionut Dumitrescu and Johny Jabra, has received a 12m-euro funding from Banca Transilvania for the construction of the Aviaţiei Park residential complex in northern Bucharest, a total investment of 37 million euros.

Telekom sold 3 buildings in Bucharest for over 5 million euros

Telekom Romania Communications has sold three buildings in Bucharest as part of a property redevelopment program. The properties sold were offered at a total price of about 5.5 million euros, according to Profit.ro.

Romania generated 21.2% of Immofinanz's nine-month rental income

In the first three quarters of the financial year 2017, rental income in Romania amounted to 37 million euros, which represents 21.2% of total rental income at group level.

AFI Europe Romania secures first tenant for AFI Tech Park business campus

AFI Europe Romania has signed the first lease agreement for AFI Tech Park, the company’s newest business park developed in Bucharest. World Class Romania, leader on the Romanian health & fitness field, will be the first tenant of the campus, by leasing 1,500 sq m GLA spread on the Ground Floor and the 1st Floor of AFI Tech Park 1. The lease contract was signed for a period of 10 years.

Globalworth will develop a new office project in Bucharest by 2020

Investment Fund Globalworth Real Estate Investments prepares new real estate projects in Romania. In Bucharest, the company is to develop an office complex on Lutheran Street by 2020, on a land it holds since 2014, Globalworth representatives announced.

Intel inaugurates a new R & D center in Openville Timisoara

The United Business Center 1 (UBC 1) office building within Openville mixed-use project will host, starting December this year, Intel's research and development center in Timisoara, one of the world's largest technology manufacturers.

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