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Office Market News

25th floor penthouse sold in Bucharest for EUR 372,000

An apartment located at the 25th floor in the high-rise apartment tower complex Asmita Gardens in Bucharest has been sold for EUR 372,000, announced Euro Insol, the project’s judicial administrator. The buyer is Mark Hoddinott, an expat.

AEW Europe signs a financing agreement for €248 million on behalf of FONDIS with BNP PARIBAS and SOCIÉTÉ GÉNÉRALE

AEW Europe has signed, with BNP PARIBAS and SOCIÉTÉ GÉNÉRALE, a €248 million financing agreement on behalf of FONDIS, AEW Europe’s French core retail vehicule. FONDIS owns a portfolio with current value of approximately €400 million.

One of the biggest landlords in Bucharest bought the ground floor in Mario Plaza

The company Romconsulting, the owner of several commercial and office buildings in Bucharest , including the Grand Offices office building on Calea Floreasca, has bought the ground floor of Mario Plaza commercial centre in Calea Dorobanţilor from the entrepreneur Lăcrămioara Dumitrescu.

Most surprising rent transaction of the year - Biggest beerhouse in Eastern Europe, set to open in 2014 in Bucharest

Following an investment of over EUR 2.5 million, Pavilion H will become by next summer the biggest beer hall in Eastern Europe. eMag owner, Iulian Stanciu, is behind the initiative, along with two other Romanian entrepreneurs, writes b365.ro.

New head for office division within Jones Lang LaSalle

Real estate consultant Jones Lang LaSalle (JLL) launched recently a new division within the office department, headed by Maria Florea.

Spain joins Europe’s only independent Office Search portal

Following years of prosperity in the CEE region, during which hundreds of thousands of square metres of office space have been leased free of commission, the International Office Search Portal Network has now extended to Spain.

Intesa SanPaolo Bank rented 3,500 sq. m in Art Business Center

Intesa SanPaolo Bank relocated its offices to Art Business Center 6 building, with the help of BNP Paribas Real Estate.

Real Estate transactions number increased in 2013

The number of the real estate transactions has increased last year with approx. 8%, to 432,000, and the value of the tax on revenues from property sales has also increased with 8%, to EUR 111.6 million, shows the notary data.

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