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Office Market News

NEPI raises EUR 100 million for real-estate investments

South-African investment fund New Europe Property Investments (NEPI) raised EUR 100 million via an accelerated book building (ABB) on the Johannesburg Stock Exchange, the fund announced. Earlier on Monday, the fund said it aims to raise EUR 80 million.

Romania’s retail turnover up 8.6 pct in H1, 2014

Romania’s retail turnover volume (excluding trade in motor vehicles and motorcycles) in the first half of 2014 grew by 8.6 percent, gross series compared to the first half of 2013, and by 8.2 percent as adjusted series for the number of working days and seasonality, according to data released on Monday by the National Statistics Institute (INS).

Immofinanz rental income down slightly in fiscal year 2013/14

Immofinanz posted rental income of EUR 47.1 million from its properties in Romania, in the fiscal year ended April 30, down 2.3 percent year on year.

Genpact leases remaining 3,000 sqm in United Business Center Tower

United Business Center Tower, developed by Iulius Group in Cluj-Napoca, has reached a level of occupancy of 100 percent after Genpact announced it leased the remaining 3,000 square meters in the office building developed by Iulian Dascalu’s company.

Kingfisher gets closer to buying competitor Mr. Bricolage, Romania included

British group Kingfisher, one of the largest do-it-yourself (DYI) retail groups in Europe, is close to finalizing the takeover of French rival Mr. Bricolage.

Some 3,200 new firms by first-time entrepreneurs registered in Romania in six months

Young Romanian entrepreneurs founded 3,200 new firms (SRL-D), which are eligible to get state support, in the first six months of the year. Since 2011, more than 14,000 new firms were set up by young entrepreneurs, after the Government decided to offer state aid to encourage them.

Globalworth posts EUR 70 mln profit from Romania acquisitions

Real estate investment fund Globalworth, which was founded by Greek businessman Ioannis Papalekas and listed on the London Stock Exchange last year, posted a profit before tax of EUR 70 million for the first quarter of the fiscal year (January 1 to March 31, 2014).

French group Sanofi to move its Romanian headquarters to Skanska’s Green Court office complex

French group Sanofi, one of the largest pharmaceutical groups on the Romanian market, will move its local headquarters to the Green Court office complex developed by Swedish group Skanska.

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