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NEPI to attract EUR 100 million on stock for acquisition financing

South-African fund New Europe Property Investments (NEPI), one of the most active real estate investors on the Romanian market in the last years, has attracted on the capital market EUR 100 million, the funds being destined to financing potential acquisitions in negotiation.

Strong growth in European property investment activity

The European commercial real estate investment market saw the third successive quarter of strong activity in Q2 2013 with total transactions of €31.1 billion - an increase of 13% on the same quarter last year, according to the latest data from CBRE.

Praktiker AG enters insolvency

Germany-based home improvement retailer Praktiker AG, who runs 27 stores in Romania, has filed for insolvency with the Local Court in Hamburg, the company announced.

BREEAM Excellent awarded to T-Mobile Office Park

T-Mobile Office Park, the latest investment from Ghelamco, is now the first put into use office building in Poland which has been certified BREEAM, with the very high level of Excellent. Across Europe there are only 34 buildings with such an assessment, of which only five of them are completed, the other being certified at the design stage.

138,000 sqm plot to sale in Corbranca, near Bucharest by developer

The company Marr Capital, controlled by Marat Safin, the son of the giant Lukoil founder, who developed the residential project Corbeanca Forest, has put on sale a plot of land where intended to develop 200 villas.

IMMOFINANZ reports record rental levels in Poland

IMMOFINANZ Group finalised a record level of rentals in the Polish office and logistics sector during 2012/13. Leases for more than 60,000 sqm were newly signed or extended – more than ever before in a single financial year. This positive trend is continuing in 2013/14: contracts for over 7,000 sqm were signed during the first two months.

Deutsche Bank to rent offices in Bucharest, including 1,000 employees service centre

Banking giant Deutsche Bank is looking for several months for new offices in Bucharest, in order to open a support and processing centre for several branches of the global group, the completion of the transaction being expected soon, according to information on the real estate, banking and HR market.

Cora opened the mall in Constanta, following EUR 51 million investments

Cora Romania opened on Thursday the commercial centre Cora Bratianu in Constanta, counting two hypermarket in the city, after the store opened two year ago in City Park mall.

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