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Bucharest Office Vacancy Rate Grows in 2014 and Drops in 2015

The office vacancy rate in Bucharest will increase next year with 1.2 pct. to 14.7%, and will decrease to 14% in 2015, the office stock registering 20% growth between 2013 and 2015, a research of Cushman&Wakefield (C&W) showed.

Skanska's first office project in Katowice

Silesia Business Park will be a complex of four office buildings with a combined office GLA of 46,000 sqm, making it the largest development by Skanska Property Poland to date.

Adamescu to add cinema and skate-rink to Brasov mall with BCR loan

Unirea Shopping Center Bucureşti (SCDM), controlled by Adamescu family has mortgaged a plot of land in Braşov to BCR, where intends to expand the mall. The investment in doubling the mall’s capacity will be EUR 50 million, according to Carmen Adamescu.

DTZ Echinox Took Over Cocor’s Property Management

The real estate consultant DTZ Echinox was designated the property management of Cocor commercial centre, starting December 1st 2013.

Ion Sturza Completed First Phase of Liberty Technology Park Cluj

Ion Sturza, former prime minister of the Republic of Moldova and former partner of Dinu Patriciu in Rompetrol, inaugurated yesterday the first two buildings of the project Liberty Technology Park Cluj, a total investment of EUR 25 million.

Kaufland Opens New Store in Bucharest

German retailer Kaufland, the biggest food retailer in Romania has opened this week in Pantelimon district, the network’s sixth store in Bucharest.

Armeneasca Business Center is fully let

The last available spaces of the office building Armeneasca Business Center were leased by two companies active in the financial services field: Acces Financial, with an area of 530 sq. m and Grant Thornton Tax, with 376 sq. m.

Romania experiences largest economic growth in EU

The INS maintains its prognosis of 1.6 percent economic growth in Q3 and 2.7 percent growth in the nine-month interval.

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