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The unfinished mall in Focşani, up for auction again, 10% cheaper

The company Omnium Invest had announced in 2008 an investment of EUR 35 million for the development of a 20,000 sqm mall in Focşani. Now, the company that has erected partially Focşani Plaza is bankrupt and the liquidator has put on sale the mall and the land.

Bog’Art is heading East and plans to build in Russia, Belarus and Iraq

The construction company Bog’Art, controlled by the businessman Raul Doicescu, is prospecting a series of foreign market, such as Russia or Belarus, where the company intends to enter this year.

AFI Europe rented 90% of AFI Palace Ploieşti, to be opened in October

AFI Europe Romania, has announced an occupancy rate of 90% for the AFI Palace Ploieşti, to be opened on 3rd of October 2013.

Transilvania Bank invested EUR 20 million for an office building and a data centre in Cluj

Transilvania Bank (BT) invested EUR 10 million for the construction of an office building and a data centre in Tetarom I industrial park in Cluj, where 350 employees will work.

Insolvency doesn‘t stop Swan Property

Leasing is continuing at Swan Office & Technology Park despite the insolvency of the scheme‘s owner.

Lindab installed a new production line for folding plates

The metal profiles producer Lindab announced the inauguration of a new production line for folding plates, with a price of 50% smaller than the regular line of the company.

Industrial vacancy up at 21.7 percent in the Budapest region

The volume of completed industrial stock in the Budapest region totaled 1,825,373 sqm at the end of Q1 2013, according to the Budapest Research Forum.

Gigi Becali to sell EUR 15 million plot to Portland Trust

Portland Trust developer, which will complete this year the office project Floreasca Park, near the metro station Aurel Vlaicu in Bucharest, will buy by the end of the year another 3ha of land from the businessman Gigi Becali.

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