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Office Market News

EBRD revises 2.4 pc upward the increase of Romania’s GDP in 2014

The European Bank for Reconstruction and Development (EBRD) improved Romania’s economic growth forecast for next year from 2.2 pc – the level anticipated in May – to 2.4 pc, but warned that short-term prospects are further limited by the poor evolution of the euro zone, reads an EBRD report on the economic prospects of the countries where the bank operates.

Chinese investors turning to CE

More Chinese investors are turning their attention to Central Europe, after recently closing their first deal in the region: Silesia City Center, a shopping center in Poland, was sold at a price equivalent to almost EUR 400 million.

Works Started for Mega Mall near National Arena

South-Africa’s NEPI, one of the most active investors on the local real estate market in the last year, has started to gather the construction equipments on the former platform Electroaparataj in Bucharest.

Romania, a significant target for regional investments

Romania reappears as a significant target for regional investments at a time when investors in emerging economies consider a large amount of investments in non-BRICs (Brazil, Russia, India and China) economies, according to the latest confidence barometer compiled by Ernst & Young for the region of Central and South – Eastern Europe, Agerpres reports.

New Mall and Office Tower in Bucharest’s Bucurestii Noi district

Canadian company Benevo will start in the beginning of next year the construction of the mall Victoria City, on the former platform Textila Dacia, also intending to develop, in the second phase, an office building with 11 floors.

AFI Europe Romania signs with Electronic Arts for the entire office building of AFI Park 2

AFI Europe has signed the largest and most significant lease contract of this year in Romania. The entire AFI Park 2 office building, which is currently under construction, was leased to the leading IT company Electronic Arts. AFI Park 2, with built up area of 20,000 sqm and a gross leasable area of 12,200 sqm, is the second out of 5 office buildings of the AFI Park office development situated next to the prestigious AFI Palace Cotroceni shopping mall.

Industrial Market: the Effects of the Real Estate Spec Disappearance

The players on the industrial real estate market applied this year a safety policy, and the number of the speculative constructions was insignificant.

H&M Opens First Street Store in Romania

Sweden’s fashion retailer H&M opened its first street store in Romania in the Old Centre in Bucharest.

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