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Office Market News

CBRE: Real Estate Transactions, Over 50% down in the First Nine Months

Romania and Ukraine are the only countries in CEE to register a decrease of the real estate transactions values in the first nine months of the year, with Russia and Poland being the main destinations in the region, according to CBRE, cited by Mediafax.

Half of the Apartments in Centre Ville to be operated under the Brand Park Inn by Radisson

The company Bucureşti Turism (BUTU), the owner of Radisson hotel and Centre Ville complex in Bucharest, intends to transform more than a half of the suites in Centre Ville in a new accommodation unit, the first in Romania to function under the brand Park Inn by Radisson.

Romania’s government to keep flat tax of 16 percent

PM Victor Ponta said on Thursday Romania will maintain its flat corporate tax as this one of the decisions of the ruling coalition USL, adding a progressive taxation mechanism is out of question for the moment, reports Mediafax newswire.

Bucharest Office Transactions Top in 2013

The best news for Bucharest office market this year came from Deutsche Bank, Honeywell, Vodafone and TeamNet, companies that rented new office spaces with the intention to expand and hire 200-300 employees each.

Skanska Breaks Ground on its First Krakow Office Building

Skanska Property Poland recently broke ground on its 42 Kapelanka office project in Kraków.

IKEA signs lease at Segro Logistic Park Prague

IKEA will be the first tenant to the new phase of Segro Logistic Park Prague near the Václav Havel Airport in Prague.

European Real Estate Investment Activity Rises 21 Percent from a Year Earlier in Q3 2012

The European commercial real estate investment market had its strongest third quarter since 2007 with €35.5 billion in transactions - up 21 percent on Q3 2012, according to the latest data from global property advisor CBRE.

Last Mall to Open in Romania by the End of 2013

South-Africa’s investment fund NEPI will open next month the mall in Galaţi. This is the last project announced to be opened this year.

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Adina Camara

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