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Office Market News

New player on the real estate market: Millstone Developments

The real estate market has a new player in Millstone Developments, a company specializing in the development of sustainable and eco-friendly real estate projects.

Law on public-private partnership promulgated in Romania after three years

Romania’s President Klaus Iohannis promulgated yesterday the law on public-private partnership three years after the Government led by Victor Ponta initiated the project.

Romania’s residential market records best year in history, says Coldwell Banker

Real estate consultancy Coldwell Banker Affiliates of Romania forecasts that 2016 will be the best year for the local residential market, despite the challenging financing environment marked by the approval of the debt discharge law and the fast consumption of guarantees limits on the state-backed program Prima Casa for first home buyers.

Real estate mogul Ovidiu Sandor kicks off development of new office building in Timisoara

Mulberry Development, the company of the entrepreneur Romania Ovidiu Sandor, will launch ISHO Offices, a new generation offices from Timisoara. The buildings, with a leasable area of 50,000 square meters, will be built in three stages, so that the first spaces will be delivered on the first quarter of 2018. ISHO Offices is part of the multifunctional project ISHO, to be developed on a land surface of 5.3 hectares.

Mid Europa Partners buys Profi from EI for EUR 533 mln in historic retail deal

Private equity fund Mid Europa Partners has taken over retail chain Profi from Polish Enterprise Investors in a deal worth EUR 533 million.

Lidl opens in Bucharest’s Aviatiei neighborhood its greenest supermarket yet

Lidl Romania is set to open on November 24 its first supermarket located in the Aviatiei neighbourhood, the northern area of Bucharest. Built by Skanska Romania, the supermarket was developed according to state-of-the-art green solutions.

World Bank: Romania’s economy to grow by 5.1% this year

World Bank has significantly improved its forecast on the advance of the Romanian economy this year to 5.1%, up from 4% in June, according to the WB report on the Europe and Central Asia region.

Papalekas starts cashing out from rents, following real estate investments of hundreds millions Euros

The results of the real estate acquisitions flow of the Greek businessman Ioannis Papalekas in Romania started to show. The operational revenue of Globalworth, its real estate vehicle (the businessman owns 36.1 pct of it), went up to EUR 33.8 million in the end of September, growing with 68 pct. compared to the same period of last year.

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