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Office Market News

Construction works 6.8% down in first semester of 2013

The volume of the construction works has decreased in the first semester compared to the first half of last year, both as adjusted and unadjusted series, with 7% as adjusted series by the working days number and season and with 6.8% for unadjusted series, according to the National Institute of Statistics (NIS).

New mall in Bucharest to open on 17th of October

Promenada Mall, a project situated at the crossroad of Calea Floreasca, Pipera Road and Barbu Văcărescu St. will open on 17th of October.

Romanian logistic and industrial real estate situation at mid-2013

Industrial spaces’ developers are not building anymore but following firm contracts, the share of this type of transactions increasing in the second term from 6% to 23%.

Christian Tour opened an agency in City Offices’ ground floor

Christian Tour, one of the biggest tourism agencies in Romania, controlled by Cristian Pandel, opened this week a new agency.

Immofinanz signs new leases for S-Park office building

Immofinanz Group, biggest office owner in Bucharest and one of the most important real estate developers in Romania, extends its portfolio with two new clients, while another tenant is extending its existing contract for S-Park office buildings, situated in Northern Bucharest.

Only two office completions in Bucharest in the second quarter

Developers only delivered two office buildings in Bucharest in the second quarter, and the low request could determine the delay for 2014 of several announced projects.

Bucharest office market, dominated by transactions under 3,000 sqm in the first 6 months

The number of the transactions on the Bucharest office market has increased with 22% in the first half of the year compared to the same period of 2012, driven by the relocations on areas less than 3,000 sqm.

Immofinanz incomes from rents in Romania reached EUR 50 million

The incomes from rents of the Immofinanz group in Romania reached EUR 49.5 million at the end of the fiscal year 20122013, registering an increase compared to the previous period (EUR 47.1 million).

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Adina Camara

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