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Office Market News

A Canadian builds two malls in Bucharest

Benevo, a company controlled by the Canadian businessman Michael Topolinski, resumes its intention to start the construction works for the mall on the former textile factory Dacia from Bucureştii Noi neighbourhood. This time, the scheduled term is this summer.

Imotrust to build residential district in Arad for EUR 3 million

The real estate developer Imotrust Arad (ARCV), controlled by the businessman Alexadru Bercea, will develop a residential district in Arad on over 12 ha. The plan for the next three years includes the construction of 100 houses for EUR 3 million and to supply its clients with 180 plots of land.

Global Finance aims to double the occupancy rate of Global City in 2 years

Coca-Cola HBC and Total Soft had renewed their leases for the office complex Global City Business Park in Pipera, and the building owner aims to reach 90% occupancy rate in the next two years.

125 million lei investment in two industrial parks in Cluj

The minister of Regional Development and Public Administration, Liviu Dragnea, signed on Friday two financing contracts from European funds with total value of approx. 125 million lei.

Basf has pre-leased 1,400 sq. m office in Floreasca Park

The project developed by Portland Trust has currently reached approx. 75% occupancy rate.

Raiffeisen Bank România moved in Sky Tower, the tallest building in Bucharest

Raiffeisen Bank România has announced the relocation of the central administration quarters and of the group subsidiaries in Sky Tower, where approx. 1,700 employees will work.

Adama sold a quarter of the second phase of Edenia Titan residential project

The real estate developer Adama, part of the Austrian group Immofinanz, has announced the selling of 25% of the 126 units of the second phase of Edenia Titan residential project, which resistance structure was recently completed.

NEPI buys plots for malls across the country

South-African fund New Europe Property Investments (NEPI) announced recently that will expand in Serbia, Hungary, Slovenia and Bulgaria, but the Romanian market will remain the main target, with EUR 500 million investment planed by 2016.
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