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Office Market News

Adamescu to add cinema and skate-rink to Brasov mall with BCR loan

Unirea Shopping Center Bucureşti (SCDM), controlled by Adamescu family has mortgaged a plot of land in Braşov to BCR, where intends to expand the mall. The investment in doubling the mall’s capacity will be EUR 50 million, according to Carmen Adamescu.

DTZ Echinox Took Over Cocor’s Property Management

The real estate consultant DTZ Echinox was designated the property management of Cocor commercial centre, starting December 1st 2013.

Ion Sturza Completed First Phase of Liberty Technology Park Cluj

Ion Sturza, former prime minister of the Republic of Moldova and former partner of Dinu Patriciu in Rompetrol, inaugurated yesterday the first two buildings of the project Liberty Technology Park Cluj, a total investment of EUR 25 million.

Kaufland Opens New Store in Bucharest

German retailer Kaufland, the biggest food retailer in Romania has opened this week in Pantelimon district, the network’s sixth store in Bucharest.

Armeneasca Business Center is fully let

The last available spaces of the office building Armeneasca Business Center were leased by two companies active in the financial services field: Acces Financial, with an area of 530 sq. m and Grant Thornton Tax, with 376 sq. m.

Romania experiences largest economic growth in EU

The INS maintains its prognosis of 1.6 percent economic growth in Q3 and 2.7 percent growth in the nine-month interval.

Tenants are looking for offices with prices between EUR 10 and EUR 12/sq. m/month

The tenants are currently looking at office spaces with prices between EUR 15-EUR17/sq. m/ month, but they are closing the deals for EUR 10-12/sq. m / month, a research of the company Romtor Real Estate shows.

EU adopts multiannual financial budget 2014-2020

The EU allocation for Romania is approximately EUR 39 billion.

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Adina Camara

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