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Office Market News

NEPI’s plans for EUR 100 million obtained through capital increase

South-Africa’s investment fund NEPI, one of the most dynamic investors in the Romanian real estate market, intends to use half of the amount of EUR 100 million obtained through capital increase for paying back loans, the rest of the money targeting new acquisitions.

First mall reconverted to factory: Leoni will produce cables in Armonia Arad

The producer of cables for the auto industry Leoni Wiring Systems, part of the German group Leoni, will occupy nearly a quarter (7,000 sq. m) of the industrial park resulted from the reconfiguration by Immofinanz of the commercial centre Armonia Arad.

The reconversion of City Mall to offices nearing completion

Greek businessman Ioannis Papalekas has another EUR 2.8 million to invest for the completion of the reconversion works of City Mall to office spaces, the project being scheduled for opening this autumn.

Canadian Telus rented half of AFI Park 3 office building

Canadian company Telus, externalized services provider, rented nearly 6,000 sq. m offices in AFI Park 3 building, currently in construction near AFI Palace Cotroceni mall in Bucharest, where it will relocate starting the beginning of next year.

The German investors think the economic situation is not good but 83% would invest again in Romania

Only 7% of the German companies in Romania appreciate the economic situation of the country is good but 83% of the above would choose the Romanian market for investments. 58% expect a growth of the turnover and 45% intend to hire new people.

Current industrial hubs stock in Romania, estimated at 1.8 million sq. m

Current industrial hubs stock in and near Bucharest is estimated at approx. 1 million sq. m, while the level of the entire country reached 1.8 million sq. m, according to the study made by Jones Lang LaSalle (JLL).

Volksbank selling €460m in real estate assets and loans

The Austrian company Volksbank has placed a portfolio of commercial real estate and loans on sale that has an estimated value of €460m, according to a document published by the consulting company Oliver Wyman.

Profi opens stores in Medias and Targu-Mures; reaches for 240-unit network

Discount retailer Profi opened two supermarkets, one in Medias and one in Targu-Mures, reaching a countrywide network of 238 stores, the retailer said Thursday.

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