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Office market in regional hubs in Romania goes up

Developers will deliver some 96,000 sqm worth of office space in Cluj-Napoca, Timisoara, Iasi and Brasov this year, whereas the demand amounts to some 80,000 sqm, said Mihaela Galatanu, head of research within DTZ Echinox.

Romania ranks first in Europe at number of employees required to be present at the workplace

Romania is the European country with the largest number of employees who must be present at the workplace to perform their duties (81 percent), the opposite being Norway where 51 percent of the SMEs’ employees must be effectively at the workplace, according to a Ipsos Mori survey conducted for Microsoft.

Bluehouse is raising money for new acquisitions in Romania

Cyprus’ investment fund Bluehouse Capital, one of the owners of the office towers City Gate in Piaţa Presei Libere, is preparing the launching on the market of a new private equity fund for real estate investments in CEE, including Romania.

CA Immo wants to buy already let office buildings in Bucharest

Austrian group CA Immo, one of the biggest office buildings owners in Romania, aims the acquisition of new office buildings which generate revenues, similar to those already owned on the local market. The investor is waiting though new developments, as the current options are limited.

FDI in Romania up 48 pct in first four months to EUR 1.16 bln

Foreign direct investment (FDI) in the first four months increased by 48 percent to EUR 1.16 billion, given that in April they stood at EUR 279 million, down 41 percent compared to March, according to data of the National Bank of Romania (BNR) quoted by Mediafax.

IKEA buys land in Bucharest to open second store in Romania

IKEA purchased on Friday the land for the construction of the second store in Romania, also in Bucharest, in the Pallady Boulevard area in District 3, announced the Swedish retailer of furniture and decoration, according to Mediafax.

Coresi Business Park Brasov adds 2nd phase to the office project

Coresi Business Park started construction on the second phase of the project, consisting of two new office buildings, with a total area of 18,000 sqm. Tata Technologies is the first tenant to occupy 3,300 sqm in the first building, planned for delivery in Q2 2016, according to a press release.

TriGranit: Romania has a bigger economic growth, but Poland is more active in real estate

Romania is a less attractive market compared to Poland in terms of investments or real estate or transactions, despite the positive macro-economic indicators, considers Bogdan Macarie, development director within TriGranit Develop­ment, the real estate development company in the portfolio of the businessman involved in several projects on the local market.

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