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Office Market News

Werk Property Group finishes the December Vox Technology Park in Timisoara

Property Group will deliver by December its Vox Technology Park office project, which includes a 35,000 square metres office building, said one of the developer's shareholders, Virgil Tornoreanu, in a meeting with journalists.

Number of Newly Established Firms Reaches A New Record in Romania

Removing certain taxes and tariffs from February 1, 2017 gave a new impetus to the Romanian entrepreneurial initiative: the establishment of companies reached a new record of the last five years, and the establishment of PFAs started to grow again.

Globalworth Rented 16,600 M2 Offices In the First Months of 2017

Globalworth, the real estate investment fund founded by Greek businessman Ioannis Papalekas, has leased 16,600 square meters since the beginning of the year, the total rented area in the company's premises reaching 413,200 sqm at the end of May.

Don’t Miss the Most Important Event for Specialists in Facility & Property Management!

The Facility & Property Management Conference will be held on June 15 at JW Marriott Bucharest Grand Hotel and will bring together owners, tenants and property and facility management specialists under the theme of SUSTAINABLE OPERATION OF BUILDINGS.

Medicover Inaugurates A New Clinic In Northern Bucharest, within Oregon Park

Medicover, one of the most important providers of medical services and private diagnosis in Romania, inaugurates a new multidisciplinary clinic in Bucharest, following an investment of 500,000 Euros. The clinic is located in Oregon Park Building B, on Pipera Road, and offers access to over 20 medical specialties, a full range of screening tests and programs.

AFI Europe Romania and Dedeman Sign Agreements to sell The Office Project AFI Park for EUR 164 million

AFI Europe signed a pre-agreement to sell AFI Park 1-3 office buildings to Dedeman, the leading company in Romania in the DIY retail segment. The agreement also includes an option to sell AFI Park 4&5. The total price for AFI 1-5 is approx. EUR 164 million.

Immofinanz Obtained In The First Quarter 12.2 Million Euros From The Rental Of Properties In Romania

The Austrian real estate investor Immofinanz obtained rental income of 12.2 million Euros in the first quarter of the year.

CUMULUS, First Top Merge in Romanian Architecture

The PZP, SYAA and ARXTUDIO offices merged and became CUMULUS, the first fusion of Romanian architecture. The new office, CUMULUS, brings together industry portfolios with a turnover of over € 1,000,000.

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Adina Camara

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