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Office Market News

Papalekas Buys Cathedral Plaza office building in Bucharest

Greek investor Ioannis Papalekas has recently struck a deal with Israeli billionaire Eyal Ofer to buy Cathedral Plaza tower in central Bucharest.

Graells&Llonch to develop a new logistic park in Agigea

The Spanish developer will start this year the works for their third logistic and industrial park in Romania, in partnership with Chayton Capital.

Swedish Skanska starts works at Green Court office project in Floreasca

Skanska to invest 46 million euros for the first phase of the Bucharest office project, 19,500 sqm office building and the underground parking for the first two buildings of the project.

2012 revenue for the biggest real estate players in Romania

Ten biggest local real estate investors have realized last year 350 million euros revenues from the exploitation of their portfolio (malls and office buildings).

Herastrau Office Building is 100% let

Leasing at the Herastrau Office Building has been completed, making what the Advisers/Knight Frank are calling another success story.

Liberty Technology Park – construction works to start in March 2013

Fribourg Development will start in March the construction of Liberty Technology Park from Cluj-Napoca, by reconversion of a former furniture factory in a park for IT companies.

Palas Iasi offices - new tenants on 1,000 sqm

Three multinational companies have recently signed leases for United Business Center, the office scheme of Palas Iasi project.

Bucharest - World’s 42nd most expensive office market

According to research published by Cushman & Wakefield, Bucharest is situated on 42nd place in the top of the most expensive office markets in the world, where 63 markets are listed, losing 3 positions from last year.

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Alexandra Filip

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