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Office Market News

GTC, on the brink of buying two office buildings in Bucharest’s Victoriei Square

Real estate company GTC Romania is very close to take over the office buildings Premium Plaza and Premium Point, according to sources in the real estate market, the transaction being estimated at nearly EUR 30-40 million.

Centric IT Solutions expands with 1,700 sq. m in Iași

Software solutions provider Centric IT Solutions rented 1,700 sq. m in United Business Center Palas office park in Iași, reaching a total area of 4,000 sq. m.

NEPI signs agreement with CBRE to rent City Business Centre in Timișoara

NEPI (New Europe Property Investments plc.) announced the signing of a strategic partnership with CBRE for its City Business Centre project leasing.

EUR 10 million capital increase for the company owning Sky Tower building in Bucharest

The company Raiffeisen Property International has increased with EUR 10 million the capital of the company holding the office tower Sky Tower in Bucharest, a project completed in 2012, with main tenants such as Oracle, Raiffeisen Bank, Tinmar Ind or PeliFilip.

Real estate investment exceeding EUR 800 million to be delivered next year in Romania

Real estate investment exceeding EUR 800 million will be delivered next year in Romania, mainly in Bucharest, with the office market in the top of the developers’ preferences, which will lead to pressure on office rents.

Liebrecht & wooD operates change in senior management team in Romania

Liebrecht & wooD has appointed Sorin Ioan Blaga as the new general manager for the Romanian branch, the company announces.

Nearly EUR 2.5 million transacted in NEPI shares

Several shareholders of the investment fund NEPI sold in the end of November on the Johannesburg Stock Exchange shares of nearly EUR 2.5 million, the largest transaction, of EUR 1.8 million, being made by the company Garsol Limited, where Dan Pascariu is shareholder.

Romania’s retail trade records biggest growth in EU in October

Romania’s retail trade turnover grew by 12.1% in October compared to the same month last year, recording the biggest increase in the European Union, according to EU’s statistical office Eurostat.

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