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Office Market News

AEW Europe completes acquisition of €300mn offices portfolio in Paris CBD

AEW Europe completed an acquisition - on behalf of an institutional investor – of 4 office assets from SIIC de Paris.

GTC negotiates the takeover of three office buildings

Real estate company GTC, the developer of project in Bucharest such as America House in Piaţa Victoriei or the towers City Gate in Piaţa Presei, is analyzing the possible acquisition of three office buildings in Bucharest, two of them owned by companies of bank group Volksbank.

Stefanini Romania to hire 120 people by yearend

Stefanini will create 120 new jobs in Bucharest and Sibiu by the end of the year. The outsourcing company wants to hire 20 specialists for its service center in Sibiu and 100 people for the Bucharest center by the end of December.

ZEW: Romania’s economic outlook has improved

The financial analysts’ perception of Romania’s economic outlook over the next six months has improved slightly in November, from 20 points last month to 23.6 points, ZEW data show.

DTZ Echinox: New office demand up by 40 pct in Bucharest in first nine months

Some 195,000 sqm of office space were leased in Bucharest in the first three quarters of this year, take-up representing 80 percent or about 156,000 sqm (up by 25 percent y-o-y), according to data from DTZ Echinox.

Telekom Romania receives offers for Telephone Palace in Bucharest

The management of Telekom Romania Communications, the former Romtelecom, has received offers for the Telephone Palace in Bucharest. After checking the documents, they will be sent to the Ministry of Culture, which has the right of first refusal on taking over the property on behalf of the state.

CEE managers plan to raise salaries to keep good employees

Managers in the Central and Eastern Europe plan to raise salaries in 2015 to retain good employees, as qualified and motivated staff is vital for business sustainability, according to the KPMG report “Pulse of Economy 2014,” cited by local Mediafax.

Immochan already constructed 75 pct of Coresi Mall in Brasov

The Coresi Shopping Resort in Brasov, developed by Immochan, the real estate division of French retailer, scheduled to open next spring, is 75 percent constructed at the end of November, the company announced Monday, quoted by Mediafax newswire.

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Alexandra Filip

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