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Office Market News

Real estate market in Cluj-Napoca to exceed one billion Euros this year

Real estate company Re/Max Grup de Lux estimates that the real estate market in Cluj-Napoca will exceed the milestone of one billion Euros this year.

Law firm NNDKP moves its HQ to Globalworth Tower

The law firm NNDKP has decided to move its HQ to a new office building in Bucharest. The company said it will relocate its operations to the Globalworth Tower building in the northern part of the city.

Foreign direct investment doubles in one month in Romania

The foreign direct investment reached EUR 775 million at the end of March, more than double compared to the one recorded at the end of February.

Construction works in Romania increased in Q1, 2016

The volume of construction works in Romania increased in Q1, 2016, both in unadjusted terms and when adjusted for working days and seasonality, by 1.1pct and 2pct, respectively, compared with the first quarter of 2015, according to data with the National Institute of Statistics (INS) released on Friday.

How much is an office in Bucharest, including rent, service charges and utilities in 2016

The difference between the most affordable office buildings and the newest and best situated buildings is more than from simple to double.

NEPI increased profit with 9 pct in first quarter, up to EUR 26.48 million

South-African real estate investment fund New Europe Property Investments (NEPI) registered in the first quarter a profit for its shareholders of EUR 26.48 million, 9 pct. more than the profit registered in the same period of 2015, according to the report sent by the company to the Bucharest Stock Exchange.

Anchor Plaza Office Building attracted five new tenants, reaching 85 pct occupancy rate

Anchor Plaza Office Building, situated in Bucharest’s neighbourhood Drumul Taberei reached 85 pct. occupancy rate after it attracted since 2015 to present five new tenants, and one of the existing tenants expanded its rented area.

Romania is single CEE country with accelerated economic growth in Q1

The growth rate recorded in the six EU member states from Central and Eastern Europe slowed down in the first quarter, except for Romania, in conditions when household expenses could not compensate for dropping community funds and lower export demand, according to Bloomberg economists.
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