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Office Market News

Conference centre with EUR 5 million investment in Timişoara

Businessman Marius Cristescu, who controls together with his brother, Emil Cristescu, the company Bega Turism, the largest tourism company in Timiş county, says to start next year the construction of a conference centre in Timişoara, an investment exceeding EUR 5 million.

S IMMO AG starts construction of THE MARK office project in Bucharest

Austrian real estate developer S IMMO AG has started the constructions of THE MARK office building in Bucharest, planning to finish it in the second quarter of 2018.

Mars Romania rents offices in S-Park building, developed by Immofinanz

Mars Romania, importer of brands such as Snickers or Twix, opens a new office in the office building S-Park on Tipografilor St. in Bucharest, developed by the Austrian company Immofinanz, according to data published in the Romanian official gazette Monitorul Oficial.

NEPI leaves London Stock Exchange

New Europe Property Investments (NEPI) has announced its intention to delist from the AIM market of the London Stock Exchange.

Net average earnings go over EUR 500 in Bucharest and three counties

The net average earnings exceeded RON 2,200 (around EUR 500) only in Bucharest and the Ilfov, Cluj, and Timis counties in June.

Fiscal predictability is key to stimulating investments

Fiscal predictability is key to stimulating investments and implicitly the economy, Public Finance Minister Anca Dragu told the ECOFIN meeting in Bratislava, where the participants discussed, among others, the fight against tax evasion, a Public Finance Ministry release informs on Saturday.

AFI Europe Romania to start the development of AFI TECH PARK Office project

AFI Europe Romania, part of the international holding AFI Europe, will start the development of AFI TECH PARK, a 50,000 sqm business park situated close to the Romanian Parliament. The first phase of the project, AFI TECH PARK 1, is scheduled to be delivered in the first quarter of 2018 and will offer 20,000 sqm of office spaces.

BuildGreen portfolio to reach 2 million sqm of certified properties by year-end

BuildGreen, a consultant in the field of sustainable building design, development and certification in Central and Eastern Europe, ended the first semester of 2016 with 30 percent more projects and is expected to close the year with a portfolio of approximately 2 million sqm of certified properties.
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