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Construction market dropped under 9 billion Euros in 2014

The construction market had a drop of 4% last year, to 8.9 billion Euros, representing the lowest level of the industry since the beginning of the crisis, according to ARACO. The association hopes for an increase in 2015 if budget project are put into practice.

Austrian CA Immo cashes in EUR 33 mln in rents in Romania

Austrian real estate investor CA Immo posted last year a rental income of almost EUR 33 million in Romania, up 10% over 2013, the investor announced in its most recent financial report.

US investment fund sells Mercury Logistics Park in Romania

US investment fund Heitman sold the Mercury Logistics Park logistics park near the Bucuresti-Pitesti highway.

First mall opening in Romania this year: 150,000 visitors expected this weekend

The Coresi Shopping Resort, the first mall opened in Romania this year, expects over 150,000 visitors this weekend, the first after its opening.

Unemployment rate reaches 6.7 pct in Q4 2014

In Q4 2014, the employment rate of working population (aged 15-64 years old) was 60.8 percent.

Romanian shareholders sell 30% stake to Austrian group

Austrian group Reiwag and German company Fiden became the only shareholders of the local property and facility management company Building Support Services (BSS).

Regina Maria rented 1,500 sq. m in Charles de Gaulle Plaza

Regina Maria rented approx. 1,500 sq. m offices in Charles de Gaulle Plaza building, according to RTPR Allen & Overy, which assisted legally the medical services operator.

Value of GTC’s Romanian assets goes down by EUR 36 mln

Real estate developer GTC’s Romanian assets devalued last year by more than EUR 36 million. These include the office complex City Gate in northern Bucharest and its two retail gallerias in Arad and Piatra Neamt.

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