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Office Market News

AEW Europe acquires prime building in Lille

AEW Europe announced the acquisition of the “L’Opéra Faidherbe” building in Lille on behalf of an institutional client. The 8,322 sqm asset is split between retail and offices with the latter accounting for circa 5,000 sqm and is fully let to a number of high quality tenants.

Largest office and retail furniture producers

Office furniture sales could increase with 5 pct next year, considering that the first recovery signs came since 2014, after a decrease which started five years ago.

Biggest business park in Romania

According to market information, the Bog’Art constructions company has started last week to demolish the former administrative buildings of the Farmexim pharmaceutical group. In their place, Ioannis Papalekas will build the biggest business center in Romania.

Ponderas hospital to relocate from Dristor area to Art Business Center in Northern Bucharest

Bucharest’s Ponderas hospital, specialized in bariatric surgery (treatment for obesity), will relocate in the beginning of next year from Dristor area to Art Business Center building located on Nicolae Caramfil St. in Northern Bucharest, where it has rented approx. 8,000 sq. m

Catalin Maruntelu, named head of research within NAI Romania

Catalin Maruntelu joined NAI Romania team starting November as head of research and senior valuer.

Romania has best landline internet access infrastructure in Central and Eastern Europe

Romania has the best landline internet access infrastructure in Central and Eastern Europe, which will allow advanced cloud services, the results of an annual report authored by a relevant company shows.

Romania’s economy accelerates growth in third quarter

Romania’s Gross Domestic Products (GDP) increased by 1.9% in the third quarter of 2014, compared to the previous quarter (Q2), according to data released by the national Statistics Institute (INS) on Friday, November 14.

FDI to Romania totals EUR 1.5 billion at the end of September

Direct foreign investment to Romania totalled EUR 1.5 billion at the end of September, according to data from the Central Bank BNR. Out of the total FDI, equity stakes, included reinvested earnings, amounted to EUR 1.3 billion while intragroup loans stood at EUR 171 million.

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