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Testimonials

Romania’s largest office transactions market share - office transactions with areas between 1,000 and 3,000 m2

In the first three months of 2018, about half of the new office space transactions, pre-rentals and expansions covered areas ranging from 1,000 to 3,000 sqm, according to a study of ESOP Consulting company CORFAC International. This segment of the market is growing due to new tenants who opt for medium-sized office space.

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Porsche Engineering Romania to rent 3.500 sqm offices in the Vivido project in Cluj-Napoca

Porsche Engineering Group, a local subsidiary of Porsche Engineering Group GmbH, has rented an area of 3,500 square meters of modern office space in the Vivido project in Cluj-Napoca, the largest area taken over the past 12 months in the largest regional office market outside Bucharest.

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Pernod Ricard Romania rents offices in Unirii View for its new headquarters in Bucharest

Pernod Ricard Romania, one of the largest importers of alcoholic beverages in Romania, rented an area of 600 square meters of office space in Unirii View, the tallest modern office building in downtown Bucharest.

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Deloitte: Weak year start on the merger and acquisitions market in Romania

Romania's merger and acquisitions market amounted to 258 million euros in the first quarter of 2018, according to a Deloitte Romania analysis based on public sources and transactions with disclosed price. The level is significantly lower than in the first quarter of 2017.

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PwC, the first tenant in Ana Tower from Bucharest, renting offices of 8,000 sqm

Businessman George Copos concluded with PricewaterhouseCoopers Romania, one of the world's largest professional, consulting and audit services companies, a 8,000-square-metres rental agreement in the Ana Tower project, an office tower in Bucharest, with the height exceeding 100 metres.

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Interview

THE COMMERCIAL REAL ESTATE SECTOR MUST BE BEST PREPARED FOR ITS POTENTIAL AIRBNB TSUNAMI - Interview with Vincent Vallois, CEO of Online Real Assets

“The content and brand recognition you create is the long-term lasting print of your property and what it does in its environment. It should be more unique, and instead of simply saying green energy and social responsibility, it should rather emphasize unique benefits, tenant relations or even event organization. Such characteristics produce a long-lasting brand recognition.” (Vincent Vallois – OnlineRealAssets.com)

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Interview with Dan Lupu, CEO First Advertising Agency International

First Business Building is an A Class boutique office building, located in an area with great potential in Bucharest, near Muncii Square, developed by First Advertising Agency International. As expected, the footprint of a creative industry on the design and functionality of the building is indubitably a market advantage. We talked to Dan Lupu, CEO of the company, about the insights of moving from advertising to real estate.

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Tenants

Date Business Center Tenant m2 Agency
2018 Q2 Unirii View Pernod Ricard Romania 600 Knight Frank Romania
2018 Q1 AFI Tech Park 1 Game World Group 2000
2018 Q1 AFI Tech Park 1 Quick Service Restaurant „1 Minute” 110
2018 Q1 AFI Tech Park 1 World Class 1500

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Recent office market sellings

Date Office Buyer m2 Agency
2017 Q4 Northgate Office Building One United Properties 25891 Creativ Invest Grup
2017 Q3 Coresi Business Park Immochan 40000 Ascenta Management
2017 Q3 Cascade Offices GTC 4300 Adval Properties
2017 Q3 Green Court Bucharest Globalworth 16300 Skanska Romania

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