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Office Market News

Scotland’s Aberdeen in negotiations for the sale of Construdava office building in Pipera

The office building Construdava, owned by Aber­deen Asset Management, a company headquartered in Scotland, is on the brink of being bought by the residential projects developer Adamamerica, the two parties being in advanced negotiations according to sources in the market.

NEPI will start building new mall in Ramnicu Valcea next year

South-African real estate developer NEPI wants to start the construction of a 28,000-sqm commercial center in Ramnicu Valcea next year.

IT services provider Atos rented nearly half of the second office building within Openville Timișoara project

IT Services provider Atos rented 6,000 sqm in the A class office building United Business Center 1 (UBC 1), within the multifunctional complex Openville Timișoara, developed by the businessman Iulian Dascălu.

Romanian economy might be ready to adopt euro in 13 years, says study

The country needs another 13 years before attempting to join the Euro zone based on the average growth rhythm of the last 15 years, according to a new study coordinated by Daniel Daianu, member of the administration board at the National Bank of Romania.

Aviatorilor 8, the office project in the heart of Bucharest, to give back to the city the beautiful Oromolu villa

Aviatorilor 8, former Victoriei Office, will be completed one year later than the initial estimations of NEPI, the office project’s developer.

Premier Estate Management takes over five new residential projects in Bucharest, Timisoara

Premier Estate Management has taken over five new residental projects in Bucharest and Timisoara. The company’s portfolio now includes 10 residential projects and over 1,000 apartments.

FDI in Romania up in the first nine months to EUR 3.14 bln

Foreign companies made investments in Romania worth EUR 3.14 billion in the first nine months of the year, a growth by 11.2 percent compared with the same period of 2015, according to the data of National Bank of Romania (BNR).

Impact Developer&Contractor SA records 237 percent increase in net profit

Impact Developer & Contractor SA has reported 237 percent increase in net profit and incomes of over RON 123 million in Q3 2016. According to the company, 94 percent of sales were generated by Greenfield, one of the bestselling residential projects in Bucharest.

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