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Office Market News

Broadhurst reduced with 40% the price of the plot near AFI Palace Cotroceni

The price of the 4.5 ha land put on sale last year by the investment fund Broadhurst Investments has decreased with almost 40%.

WB: Romania’s economic growth this year same as in 2013

PM Victor Ponta asked the ministers yesterday to set new targets for economic growth for 2014. The minister of Budget, Liviu Voinea said the economic growth of Romania last year was probably “closer” to 3 pc, higher than the government estimation.

Romania, 62nd position in the economic freedom index

The country’s economic freedom of 65.5, is 0.4 point better this year due to small improvements in half of the ten economic freedoms which are measured by the Index of Economic Freedom.

Romania ranks fifth in CEE for real estate transactions in 2013

Investments in real estate acquisitions in Romania amounted to EUR 229 million in 2013, up by almost 25 percent compared to the previous year, according to a CBRE report cited by Mediafax.

Lidl disburses EUR 14 M for 14 new stores

German retailer Lidl, which formally entered the local market in 2011 by taking over the Plus network, will open 14 new stores this year, with an investment of about EUR 14 M, according to the estimations of zf.ro.

Romanian real estate site Magazinuldecase.ro changes ownership

Sanoma Digital Romania, a subsidiary of Sanoma Romania, has sold the real estate site Magazinuldecase.ro to Adina Vasilescu, one of the company’s former digital publishers and Daciana Batrineanu, the general director ROL Online Network, according to Mediafax.ro

MBS Group, one of the biggest constructors in Cluj, entered insolvency

MBS Group, one of the leaders of the Cluj County construction market, entered insolvency due to latest economic difficulties.

P3 appoints new CEE Managing Director, after its acquisition by TPG and Ivanhoe

PointPark Properties (P3), the specialist investor, developer and asset manager of warehouse properties, has strengthened its senior Central and Eastern European management team ahead of a planned expansion of its activities made possible by its recent acquisition by private equity investors TPG and Ivanhoé Cambridge.
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