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Office Market News

Part of 5 stars Marriott hotel in Bucharest sells today

The 35% share of Marriott hotel Bucharest, owned by ONT Carpaţi, will be sold in auction for EUR 22 million. The also amount includes the ONT claim of approx. EUR 35 million to Marriott’s company, Societatea Companiilor Hoteliere Grand.

Real estate transactions cut bureaucracy in Bucharest Sector 1 by implementing electronic tax verification

The visit of the General Directorate of Local Taxed (DGITL) in order to obtain the tax certificate needed for the selling-buying of real estate assets situated within Sector 1 Bucharest as well as for the registration/radiation of buildings is no longer needed starting on Friday, 7th of June, according to a press release of the local authorities.

Eurostat: EU current account surplus at EUR 21.8 bn in 1Q 2013

The EU27 external current account registered a surplus of €21.8 billion (0.7% of GDP) in the first quarter of 2013, compared with a deficit of €7.7 bn (-0.2% of GDP) in the first quarter of 2012, according to first estimates published, on 7 June, by Eurostat.

Fast chain growth for Polish shoes retailer CCC in Romania

Polish shoes retailer CCC has opened 12 stores in less than a year on the local market.

EUR 4 million investments in two residential projects in Bucharest

Two businessmen invest a total of EUR 4.2 million in two small residential projects in Bucharest, according to RealTime’s representatives, the exclusive consultant of the two projects.

GDP data for Q1 revised slightly up

Growing trend was supported by export, INS data says.

IMMOFINANZ Group sells Silesia City Center

IMMOFINANZ Group has announced the sale of Silesia City Center in Katowice, Poland. An investment consortium led by Allianz will purchase the retail asset for €412 million. The transaction is subject to suspensive conditions, e.g. approval by the Polish competition authorities, and the closing is expected to take place in September 2013.

Public danger in case of earthquake for 190 buildings in Bucharest

190 buildings in Bucharest are considered public danger in case of earthquake, following the actualization of the class I earthquake risk buildings list by the municipality, by including those with public spaces larger than 50 sqm.

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Adina Camara

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