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Office Market News

Profi target for 2013 – 20% increase in turnover

Profi, second biggest retailer on the Romanian market, owned by the investment fund Enterprise Investors, exceeded last year the milestone of one billion lei, from 934 million lei in 2011, and estimates a 20% growth in 2013.

H&M to open new store on Lipscani St. in Bucharest

H&M will open this year a new store on two floors on Lipscani St. Sources in the market say that the store will be opened this autumn, in a building owned by Cocos family.

Valeriu Nistor, the new President of AmCham Romania

After the Annual General Meeting and elections at the end of March, AmCham (American Chamber of Commerce) Romania announced the members of the newly elected Board of Directors for the 2013-2014 mandates.

Ergun Ergen to start working for the mall at “Tractorul” Braşov

Ali Ergun Ergen, the manager that left last month the CEO position within Anchor Group, started a consultancy company specialized in commercial centres, and his first mandate consists in helping the French Immochan to develop Coresi project in Brasov.

Work starts on Vision Park phase II from Prague

The Economia publishing house will move into its new headquarters in Karlín, Prague 7 by the end of June 2013. While this part of the Vision Park Karlin is nearing completion with only fit out works to be finalized, construction on the second phase of the project recently took off.

30% Increase for the medium companies office request

Medium companies request for office space increased in Q1 2013 to 168,667 sqm, 30% higher than the same period of last year and 35% higher than the average of 2012, according to Esop Consulting.

North Center – highest occupancy rate from Bucharest’s Pipera North area

Immofinanz has signed recently new leases for the office buildings North Center and Iride Business Park.

Real estate transactions exceeding EUR 100 million in Q12013

Real estate transactions for the first quarter totalized EUR 102 million, slightly more than the registered level of the same period of last year, though Romania ranks far behind other Central Europe markets.

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Alexandra Filip

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