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Articles - transactions

Year in Review: Real Estate

The total property investment volume in Romania increased to approximately EUR 1 billion in 2014, marking the highest annual level since 2008, according to pundits. Office has been by far the best performing real estate sector but there is good news coming from retail, logistics and industrial and residential as well.

Telekom, Vodafone and Orange rented the largest office areas in 2014

The telecom companies made the largest office transactions last year, the three big players in the market - Telekom, Vodafone and Orange – having consolidated their activities in new buildings by pre-renting, followed by important contracts signed by the IT companies.

European Funds Ministry relocates to Tower Center

European Funds Ministry will relocate in the office building Tower Center in Piata Victoriei, owned by the businessmen Ioannis Papalekas and Dragos Bilteanu.

Real estate transactions number 15 pct. increase in first 11 months

Real estate transactions number has increased with 15 pct. in the first 11 months compared to the similar period of last year, from 645,746 to 746,746 operations, according to the data of the National Agency of Cadastre and Real Estate Publicity.

Oana Iliescu, DTZ Echinox: Slight Improvement registered by the real estate market this year

The real estate consultancy services market stays for the fifth year at a low level compared to other consultancy fields but also compared to the level registered by this market before 2009, the total volume of the real estate consultancy market being currently under the level registered individually by some players before 2009, said Oana Iliescu, managing director DTZ Echinox.

Lear Corporation rented 12,000 sq. m production and office spaces in Iasi

American producer Lear Corporation, one of the main worldwide suppliers of chairs and electric distribution system for automotive industry, rented a production facility and offices on 12,000 sq. m within Solo Industrial Park in Letcani near Iasi, announced CBRE, the transaction broker.

Real estate investments skyrocket to EUR 1.2 bln in 2014, says DTZ Echinox

Romania’s real estate investment volume reached 1.2 billion in 2014, up from EUR 300 million the previous year, according to data from real estate consulting company DTZ Echinox.

Mega Image rebrands & reopens Angst units; nears 400-store network

Mega Image announced on Wednesday it reopened, under its own brand, 18 Angst store it acquired from the meat-by product producer earlier in the year.

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