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Oana Iliescu, DTZ Echinox: Slight Improvement registered by the real estate market this year

The real estate consultancy services market stays for the fifth year at a low level compared to other consultancy fields but also compared to the level registered by this market before 2009, the total volume of the real estate consultancy market being currently under the level registered individually by some players before 2009, said Oana Iliescu, managing director DTZ Echinox.

Hercesa eyes EUR 7 mln office project near Piata Unirii in Bucharest

Spanish company Hercesa is likely to start the construction of a nearly 5,000-square meter office building on a plot of land it owns in Bucharest’s Piata Unirii Square, within an investment estimated at EUR 7 million. The developer already has an IT firm on the wire looking to rent half the space.

Tiriac invests EUR 30 mln in office building in Piata Victoriei

Tiriac Imobiliare, Ion Tiriac’s real estate division, will invest EUR 30 million in an office building on Buzesti street, near Piata Victoriei in Bucharest. Construction work and leasing were initiated only recently on this project, writes zf.ro.

Expectations of financial experts regarding the Romanian economy improved considerably

The perception of financial analysts on the Romanian economy improved considerably in December both as regards the present economic situation, and the evolution for the next six months in accordance with the expectations regarding the whole region in Central and Eastern Europe, according to the ZEW data.

Impact takes out RON 18 mln loan from Banca Transilvania

Impact Developer&Contractor, controlled by businessman Gheorghe Iaciu, contracted two loans, totaling RON 18 million (EUR4 million), from lender Banca Transilvania to develop Greenfield 2 residential project and to finance VAT, writes Mediafax.

First Fiscal Semester Results for Immofinanz in Romania

Immofinanz registered increased revenues from rents locally in the first fiscal semester ended at 31st of October 2013, totalizing EUR 24.5 million, compared to EUR 23.6 million in the similar period of last year.

Lear Corporation rented 12,000 sq. m production and office spaces in Iasi

American producer Lear Corporation, one of the main worldwide suppliers of chairs and electric distribution system for automotive industry, rented a production facility and offices on 12,000 sq. m within Solo Industrial Park in Letcani near Iasi, announced CBRE, the transaction broker.

Real estate investments skyrocket to EUR 1.2 bln in 2014, says DTZ Echinox

Romania’s real estate investment volume reached 1.2 billion in 2014, up from EUR 300 million the previous year, according to data from real estate consulting company DTZ Echinox.

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