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Office Market News

Colliers: Total value of real estate transactions could exceed half a million Euros this year in Romania

The total value of the real estate transactions could exceed half a million Euros this year in Romania, as a series of new or experienced investors are currently analyzing the business opportunities Romania offers, according to the estimations of Colliers International, one of the largest real estate consultants on the market in Romania.

AFI Europe leases 3,000 sqm to expanding Telus International offices

AFI Europe announced it has leased 3,000 sqm of space inside AFI Park 4&5 to Telus International, which already occupies five floors in AFI Park 3 and is expanding its offices. This move brings the office building to a 70 percent occupancy rate.

AFI focuses on offices near residential neighbourhoods in Bucharest

The development of new office projects situated in southern Bucharest will lead to the reduction of the traffic in the North and insuring better conditions for employees, who would thus spend more time with their family.

Foreign direct investments drop by over 23 pct to EUR 887 mln in Jan-Apr

The foreign direct investment (FDI) in Romania has dropped 23.8 percent during the first four months of the year over the same period of 2015, according to a report by the National Bank of Romania.

Bucharest Trade Court to relocate to Sema Parc on nearly 3,000 sq.m

Bucharest Trade Court will relocate starting 1st of October to Sema Parc real estate complex, after two years of the procedure launching for finding a space.

Forte Partners appoints Bog’Art as general contractor for the first phase of The Bridge office project

Forte Partners appoints construction company Bog’Art as the general contractor for the first phase of The Bridge business park.

Biggest real estate investor in Romania loses key manager

Romanian executive Tiberiu Smaranda will step down as executive manager of South-African investment fund New Europe Property Investments (NEPI), the biggest real estate investor in Romania, starting September 1, 2016.

Top real estate consultants compete on EUR 30 million market in Romania

The real estate consultancy market in Romania, where nearly ten local and international top companies are active, is estimated at approx. EUR 30 million and the consultants expect growth, considering the large office transactions registered only in the beginning of this year, as a sequel of those of 2015.

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Alexandra Filip

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