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Office Market News

Rockwell Automation expands with offices at Bucharest and Budapest

Rockwell Automation, the world's largest company dedicated to industrial automation and information, expands its business in East and Central Europe and has opened two new offices in Bucharest, Romania and Budapest, Hungary.

Iulian Dascălu registered EUR 67.7 revenues from rents in 2015

Local entrepreneur Iulian Dascălu, on e of the richest Romanians, registered last year a turnover of EUR 67.7 million, 10 pct. higher than in 2014, from renting his five malls and seven office buildings.

Software provider ORTEC moved to new offices in Bucharest’s AFI Park 4 building

ORTEC Central & Eastern Europe (CEE), software provider, inaugurated its new headquarters in Bucharest in AFI Park 4 office building, delivered this year by AFI Europe.

Romania’s hourly labour cost sees 10.3 pct annual increase in Q1 2016

In the first quarter of 2016 the adjusted hourly labour cost posted a 10.3 percent increase over the same period of the previous year, while compared to Q4 of 2015 there was a slight drop of 2.5 percent.

EBS, part of Japanese giant NTT, invested EUR 2 million in new headquarters in Cluj

Software services and solutions provider EBS Romania, part of Japanese group NTT (Nippon Telegraph and Telephone Corporation), opened in Cluj-Napoca its new headquarters, EBS Tower, a building with 12 floors, where 520 people are currently working.

Belgian Atenor to develop office building downtown Bucharest

Belgian group Atenor is close to complete tha acquisition of a plot of land of 3,500 sq. m downtown Bucharest, situated at the crossroad of Calea Victoriei with Dacia Blvd., intended for a new office project, according to sources in the market.

Mihnea Şerbănescu to lead local operations of the company created through Cushman and DTZ merger

Mihnea Şerbănescu, CEO of the real estate consultant DTZ Echinox and one of the most important brokers on the real estate market, will take over and lead in Romania the operations of the new company created through international merger of Cushman Wakefield and DTZ, according to sources in the market.

Western Bucharest saw largest number of office transactions for the first time

Office transactions in Bucharest totalled 105,000 sq. m in the first three months of 2016, a value alost double compared to the same period of last year and a record for Bucharest.

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