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Office Market News

Papalekas Completed the First Acquisitions with Funds from London Stock Exchange

Globalworth, founded by the businessman Ioannis Papalekas, completed the acquisition of three projects, the company announced.

Capgemini rented 2,400 sq m in Palas Iasi Offices

Capgemini, a worldwide consultancy, technology and externalization services company, rented 2,400 sq m in United Business Center 3 building from Palas Iasi complex.

Office Request from Small and Medium Companies - 14% Growth in First Nine Months

The office request from the small and medium companies has increase in the first nine months with 14% compared to the similar period of last year and most companies interested in renting offices are willing to pay up to EUR 11/sq m/ month, according to Esop.

New Mixed-Use to Develop in Berceni

1,000 apartments and a commercial mall on 4,000 sq m will be developed in the next two years in Southern Bucharest.

Papalekas to Receive Financing from Big European Bank for Bucharest One Project

After demolishing the Porsche showroom, Ioannis Papalekas prepares the construction of a tower in Floreasca area.

Armonia Arad in 2014 – New Industrial and Logistics Centre

Last summer, one of the biggest investors in the Romanian real estate market, Immofinanz Group, announced the reconversion of Armonia mall in Arad in a logistic and industrial park.

Local Investor Starts Works for 11 Floors Office Building near Basarab Passage in Bucharest

Basarab Passage in Bucharest, the infrastructure project with biggest impact on Bucharest traffic in the last 20 years started to attract real estate projects after more than two years since its completion, a local investor starting this month the works for an office building with 11 floors across the road from Orhideea Commercial Centre.

Citadella Titan Project Could Sale for EUR 6.85 million

Residential complex Citadella Titan, in insolvency, could be put on block sale for EUR 6.85 million, according to the reorganization plan approved by creditors, also offering the possibility for the main creditor, the Romanian Commercial Bank (BCR), to take over the project.

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Alexandra Filip

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