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Renewals on the industrial market in Romania registered a record level

Lease renewals for logistic and warehouse have totalized in the first semester 80,000 sqm, a record level for the Romanian market, due to the large number of contracts signed in the period 2008-2009, with five years duration, according to CBRE.

Real estate investment volumes in 2013

The CEE commercial property market’s transaction volume increased 38 percent y-o-y in the first half of 2013. Fifty transactions worth €1.74bn closed during the first six months of the year, according to an analysis by Jones Lang LaSalle.

Construction works 6.8% down in first semester of 2013

The volume of the construction works has decreased in the first semester compared to the first half of last year, both as adjusted and unadjusted series, with 7% as adjusted series by the working days number and season and with 6.8% for unadjusted series, according to the National Institute of Statistics (NIS).

New mall in Bucharest to open on 17th of October

Promenada Mall, a project situated at the crossroad of Calea Floreasca, Pipera Road and Barbu Văcărescu St. will open on 17th of October.

Romanian logistic and industrial real estate situation at mid-2013

Industrial spaces’ developers are not building anymore but following firm contracts, the share of this type of transactions increasing in the second term from 6% to 23%.

Christian Tour opened an agency in City Offices’ ground floor

Christian Tour, one of the biggest tourism agencies in Romania, controlled by Cristian Pandel, opened this week a new agency.

Immofinanz signs new leases for S-Park office building

Immofinanz Group, biggest office owner in Bucharest and one of the most important real estate developers in Romania, extends its portfolio with two new clients, while another tenant is extending its existing contract for S-Park office buildings, situated in Northern Bucharest.

Only two office completions in Bucharest in the second quarter

Developers only delivered two office buildings in Bucharest in the second quarter, and the low request could determine the delay for 2014 of several announced projects.

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