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Office Market News

Portland Trust to Start Works on the Last Phase of the Oregon Park Office Project in Bucharest

Portland Trust real estate developer and US investment fund Ares Management LP kick off the final phase of the Oregon Park project.

Oracle to Relocate to Romania Most of Its Hardware Support Activities in Europe

Oracle, the world's largest software developer, will transfer most European hardware support activities to Romania to reduce current costs, and the liquidation of operations has already been launched, British newspaper The Register quotes sources close to Oracle.

The Czech Fund PPF Real Estate Holding Close to Buying America House offices in Downtown Bucharest

The PPF Real Estate Holding Fund, controlled by the Czech billionaire Petr Kellner, has entered due diligence to acquire the America House office project in Victoriei Square, according to market data. The transaction is valued at about 90 million euros.

Qatar Embassy has rented a new official residence in the north of Bucharest

The Qatar State Embassy in Bucharest has recently leased a new official residence in the northern area of the Capital, on the lake, the transaction being brokered by C & W Echinox.

The Office Stock in Romania’s Regional Cities to Reach 1 Million Square Metres by the End of 2018

The stock of office space in the regional cities of Romania will be close to one million square meters at the end of next year, according to the Cushman & Wakefield Echinox real estate consultancy.

Almost 400,000 real estate transactions recorded in Romania in 2017

Over 393,000 land and real estate sales have been recorded across the country in the first eight months of this year, and in August almost 57,000 real estate transactions have been transacted, the National Agency for Cadastre and Real Estate Advertising (ANCPI) has announced.

Canadian Mining Company Euro Sun To Open First Office In Romania in George Enescu Office Building in Bucharest

Canadians from Euro Sun Mining (former Carpathian Gold), the owners of the golden project at Rovina, will open an office in Romania, in the George Enescu Office building in Bucharest, developed by Jupiter Group.

C&W Echinox: 75% Of The Office Space To Be Delivered in H2 2017 Is Located In The West Of Bucharest

The western area of Bucharest will attract 75% of the office space to be delivered in the second half of this year and 50% of the announced deliveries in 2018, the stock in this area will thus grow by about 236,000 square meters, according to an analysis by Cushman & Wakefield Echinox.

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