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Office Market News

GEM report: 98 pct of the Romanian entrepreneurs use own equity to start a business

The global financial crisis made entrepreneurs more dependent on their own equity, while new financing sources, such as crowdsourcing, become more popular, according to a report of Global Entrepreneurship Monitor (GEM) regarding the financing of new businesses.

New tenant in Green Court Bucharest

T-Me Studios, a mobile apps developer in the segment of customizing and gaming rented an area of 800 sqm in the C building of the Green Court Bucharest project, developed by Skanska.

British outsourcing company reached 200 employees in its Galati office

British company Euroanswer, specialized in outsourcing services, with two centres in Romania, in Galati and Bucharest, reached 200 employees in Galati, following the recruitment of 80 people in the beginning of this year.

Polish executive will manage top Romanian residential developer

Impact Developer&Contractor, one of the biggest real estate developers in Romania, has appointed Polish executive Bartosz Puzdrowski as its CEO. His three-year mandate starts on September 1, 2016, the company announced in a note to investors.

Nepi and Rockcastle could merge, market talks

Market talk is that Romanian shopping centre and office owner New Europe Property Investments (Nepi) will consider merging with Polish-focused Rockcastle Global Real Estate, with the resultant entity set to become an eastern European real-estate powerhouse.

A new wave of office requests up to 2,000 sq.m in Bucharest

The expansion of the small and medium companies in the IT&C field, together with the strong growth of the available offices in Orhideea will attract new request from SMEs, which are giving up to villa offices and choose specialized buildings.

Entrepreneur Avi Shloush develops office project in downtown Bucharest

Israeli businessman is developing a mixed (retail and offices) project, near Mercure hotel in Romana Sq. area in Bucharest. According to data on the site, the construction will include two buildings – a new one and an historical building nearby which is changing destination. The entire project will be named Enescu Offices.

Impact to invest EUR 44 mln in expanding northern Bucharest Greenfield residential project

Romanian real estate company Impact Developer & Contractor will invest EUR 44 million in the third development phase of Greenfield, its residential project in northern Bucharest, the company announced this Thursday. The investment will go into 888 new apartments and the related infrastructure.

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