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Office Market News

The most expensive office markets in the world

London’s West End is the world’s most expensive office market once again after regaining its crown from Hong Kong’s Central Business District (CBD), according to research published today in Cushman & Wakefield’s Office Space Across the World 2013.

Coresi Business Park Brasov to extend after signing new lease

Former industrial platform Tractorul Brasov, administrated by Coresi Business Park SRL will invest 3 million euros for the offices of BNP Paribas Romania, the new tenant of the business park.

The biggest tenant of the Romanian state

Magnus Imobiliar Consult, a real estate broker, is the biggest tenant of the Romanian state, with nearly 7,000 sqm lease.

Bucharest Lakeview office building was sold for 62 million euros

In biggest real estate transaction of the year, the businessman Dinu Patriciu and AIG Lincoln sold Lakeview to NEPI for 61.7 million euros.

Office supply growth in 2012

Modern office supply increases in 2012 with 100,000 sqm, reaching 2.2 million sqm at the end of 2012, according to the most recent report of CBRE.

Office buildings aged before time. How much are paying the tenants for the construction glitches

The most popular facade systems in Romania are 60% cheaper for the construction budget, but ends up to 25% higher maintenance costs, compared to other EU solutions.

Businessman Ioannis Papalekas acquires new properties for 5 million euros

Businessman Ioannis Papalekas, the buyer of City Mall and Tower Center International , properties in severe financial difficulties, has finalized another similar transaction from the insolvent company Lufin Construct.

Immofinanz let 42,500 sqm logistic and office space

New tenants include Proficare, which has signed a lease for the entire Log Center park in Ploiesti.

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Alexandra Filip

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