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Office Market News

Foreign Companies Reduced Their Direct Investments In Romania In The First Quarter By 22%, To 1.07 Billion Euros

Foreign companies made direct investments in Romania worth 1.075 billion Euros in the first three months of this year, down by about 22% compared to January-March 2016, according to data published by the National Bank of Romania on Monday.

Canada's Largest Independent Real Estate Broker Avison Young to Open Office in Bucharest

Avison Young, the largest independent real estate broker in Canada, has recently announced the opening of a new office in Bucharest, the first in Romania and its tenth in Europe.

OLX Group Rented New Offices In America House Office Building In Bucharest

OLX Group has recently relocated to a new office space situated in America House office building in Victoriei Square, Bucharest.

Lowest Office Vacancy Rate in the Last Nine Years Registered in Bucharest This Quarter

The vacancy rate of the office buildings in Bucharest reached the lowest level in the last nine years, of 9.5 pct., according to CBRE study.

Transactions Record Volume in 2016 for Bucharest Land Market

Land market in Bucharest has reached in 2016 a new record in volume, as plots were transacted with a total area of 110 hectares, 144 pct. increase compared to 2015 and 3.5 pct. higher than the precedent record year for the market, 2007, when 106 hectares were sold.

2017, Best Year For Cluj-Napoca Office Market – 44,000 Square Metres New Offices

Real estate developers will complete this year more than 44,000 square metres of offices in Cluj-Napoca, 300 pct more compared to the previous year. 2017 will also be the best year for the regional office market, according to Coldwell Banker Transilvania.

Sky Tower Has a New Restaurant, Situated At 136 Metres, Highest in Romania

Sky Tower, the tallest office building in Romania, owned by Raiffeisen group, has a new tenant, the restaurant NOR – Sky Casual Restaurant.

Hili Properties, Owner of McDonald’s in Romania Bought Art Business Center Office Building in Bucharest with EUR 30 Million

Real estate company Hili Properties, owner of local McDonald’s restaurants, bought from FBC Exclusiv Company the office building ART Business Center in Bucharest, Herăstrău area, for more than EUR 30 million.

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Adina Camara

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