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Value of City Gate complex in Bucharest down almost EUR 10 mil. since the beginning of the year

The value of office complex City Gate in Piaţa Presei, Bucharest, has decreased with EUR 9.7 million in the first semester, to EUR 159 million, while Galleria commercial centres in Arad, Piatra Neamţ and Buzău are evaluated to EUR 35 million, with EUR 4 million more than at the end of 2012.

Romania has most real estate owners in Europe

Romania is the country with most real estate owners in Europe, according to the last available Eurostat date, from 2011. Therefore, 96.6% of the Romanians own an apartment or a house, Le Figaro writes, noting that this is a common situation for the former communist countries.

Tănăsoiu family - EUR 5 million office building developed with EU funds in Bucharest

Daniel Tănăsoiu has developed together with his father Primavera Development and ACMS businesses, and lately has erected an office building in northern Bucharest with 40% of the project costs covered by EU grant.

Czech PointPark Properties appointed new development director

Czech logistic park developer PointPark Properties appointed Nora Hațegan as new development director of the company.

Prologis leases half a million sqm in CEE in H1 2013

Although the supply of modern logistics facilities remains limited in the CEE region, in the first half of 2013, Prologis completed a 7,000 square metre extension for ROHLIG SUUS Logistics in Prologis Park Janki, and began construction of three build-to-suit facilities, totaling 71,000 square metres, at Prologis Park Wrocław V.

Biggest residential developer in Romania increased its business with 55%

Impact Developer & Contractor SA continued in the first semester the strategy of capitalization of their assets, registering a turnover with 55% bigger, reaching 12.979 million lei, which contributed to the reduction of loss of 38%, compared to the first semester of 2012, to 5.87 million lei, according to data sent to Bucharest Stock Exchange.

DIY stores: average sales of EUR 11.2 million/ unit, 3.5% down compared to last year

The six DIY stores opened by the market players last year following nearly EUR 100 million investment have sustained total sales on positive, while other indicators such as the average sales per store and the productivity per employee shows that the sector was in decline last year too, according to a analyze made by ZF.

Romania's GDP increases by 1.7% in H1

Romania’s GDP increased 0.3 percent in Q2, according to the National Statistics Institute (INS), which also reported that the country’s GDP increased by 1.7 percent in H1 from the same period last year.

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