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Office Market News

Two Former Regatta Managers Launch New Real Estate Company

Costel Alecu and Anca Barbarosie, both former managers within Regatta Real Estate, launched Romtor Real Estate, a real estate company specialized in B2B services.

Cemacon Sells Zalău Industrial Platform

Bricks producer Cemacon Cluj (CEON) intends to sell the platform owned in the centre of the town of Zalău, including the old production line, closed in 2011 and a land of 6 ha, transactions that are supposed to bring EUR 7-8 million.

Immochan Appoints New Financial Manager

Immochan, the real estate division of Auchan Group appointed Miguel Trindade, former asset and finance manager within Sonae Sierra Romania.

Raiffeisen Bank Invests EUR 500,000 in New Operational Center in Brasov

Raiffeisen Bank, owned by Austria’s Raiffeisen Bank International, announced the official opening of its operational center in Brasov, an investment of approx. EUR 500,000 which handles a series of banking operations, in a move designed to cut costs and streamline processes.

Impact to Build New Units in Greenfield Complex

Real estate developer Impact Developer&Contractor will start in November the construction of new apartments in Greenfield complex near Baneasa Forest, on 6,400 sq m area.

BNP Paribas Real Estate CEE has a new CEO

Patrick Delcol is the new CEO of BNP Paribas Real Estate Central and Eastern Europe, starting this October. He will be responsible for the transaction, consulting, valuation and property management business lines as well as the organisation’s development across the CEE region.

The Value of Office, Retail and Land Transactions for the First Nine Months

The value of transactions with office projects, retail and lands maintained at approx. EUR 250 million in the first nine months, although the observed acquisition decisions are stronger, the buyers being local opportunistic investors and small and medium investment funds, according to DTZ.

Major GTC Shareholder to Sell its Shares

Israeli investment group Kardan plans to sell its 27.75% share in Polish real estate developer Globe Trade Center (GTC), also active on the Romanian market.

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Alexandra Filip

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