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Office Market News

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.

Forte Partners completes EUR 19.5 million office building in Bucharest

Developer Forte Partners has completed an office building with a market value estimated at EUR 19.5 million. The boutique office building is located in the center of Bucharest, within walking distance of the Stefan cel Mare metro station.

EC expects Romanian economy to post 5.2 pct of GDP growth in 2016

The European Commission has revised the estimations regarding the Romanian economy increase by a percentage point, to 5.2 percent, the increase slowing down to 3.9 percent in 2017 and it will reach 3.6 percent in 2018, according to the autumn economic forecast published on Wednesday.

Northern Bucharest hosts much more than half of the new offices to be delivered by the end of the year

Modern office space on the local market has increased almost four times in the last ten years and the number of office buildings in construction is higher than ever.

Colliers International appoints Mihai Patrulescu as head of research department

The real estate consultancy company Colliers International recruited Mihai Patrulescu as head of Strategic Analysis, in order to lead the research department. Patrulescu has five years’ worth if experience in economic research in the banking system, formerly occupying the position of senior economist at UniCredit Bank.

Roeng rents floor in Ștefan cel Mare Office Building in Bucharest

Professional services company Roeng Transmission Engineering & Consulting relocates to the fourth floor in Ștefan cel Mare Office Building, developed by Forte Partners, in a new office space on 865 sq.m, a rent transaction brokered by ESOP Consulting.

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