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Articles

The Office Market in 2013: 22% Growth of Transacted Area

The rent transactions of the office spaces in Bucharest totalized in 2013 approx. 300,000 sq. m, with 22% growth compared to 2012, the relocations, the renegotiations and the renewals representing over 80% of the market, according to Esop Consulting.

Globalworth buys two Bucharest office buildings

Globalworth Real Estate Investments bought Tower Center International and Upground Tower in Bucharest for €152m in cash and shares.

Lapinski, Skanska Property Romania: The main elements for a constant growth on the real estate market exist

The real estate market has already overcome the most difficult period and there are the main elements for a constant growth, has declared Marcin Lapinski, the CEO of Skanska Property Romania, the developer of the office project Green Court Bucharest for WALL-STREET.RO.

The developer Adama appointed new head, a former executive within Metro Group

Laszlo Csiki, former executive within Metro Group, is the new executive manager of the real estate developer Adama, replacing Andreas Holler who was named member of the administration council of Buwog.

The relocation of the year started in Bucharest: Oracle transfers 2,500 employees in Floreasca Park

The American IT giant Oracle, which has reached 2,500 employees in Bucharest and EUR 105 million turnover in 2012, has started the relocation process of its activity in Floreasca Park from Northern Bucharest, representing the biggest move of this type from Bucharest.

Procter&Gamble extended its lease in Iride Business Park

Procter&Gamble has extended its lease in the office complex Iride Business Park, owned by aflat Immofinanz Group. Therefore, Iride Business Park will host five more years the headquarters of Procter&Gamble.

Industrial Parks in Brasov to be privatized

In order to get money for the projects in 2014, Brasov District Council has decided the gradual privatization of the two industrial parks in Brasov, Metrom and Carfil.

PM Ponta: Romania ended 2013 with a budget deficit of 2.5 pc of GDP

Romania ended 2013 with a budget deficit of 2.5 percent of the gross domestic product (GDP) and an economic growth higher than expected, said the Romanian prime-minister Victor Ponta at local TV station Romania TV Monday evening.

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