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Office Market News

Bosch to invest EUR 120 million in Romania this year

German company Bosch will open this year two new production centres in Romania, in Blaj and Cluj Napoca, following a total investment of EUR 120 million, according to a press release of Bosch Romania.

Iasi, the 12th place in a global market top regarding new entered retailers

Iasi occupies the 12th position from 208 cities in a global top realized regarding the new retailers entered on the market last year, made by the real estate consultant CBRE, a performance registered on the background of Palas mall opening, with an area of 55,000 sqm.

Tetarom I industrial park in Cluj extends with EUR 15.7 million investments

Local Council in Cluj has started a European project with a total value of EUR 15.7 million, from which EUR 7 million represents the financial assistance grant for the extension of the industrial Tetarom I with an area of 168,000 sqm, where several warehouses and offices are to be built.

Holcim on loss for the first time after 2000

Cement producer Holcim Romania, the local subsidiary of the Swiss group Holcim, went on loss in 2012 for the first time in over a decade, after having registered a negative result of EUR 8.5 million. The company’s turnover reached last year approx. EUR 213 million, a level similar to previous year.

Impact’s General Manager, dismissed

The Administration Council of the real estate developer Impact Developer & Contractor decided on Monday to dismiss its general manager, Stefan Gheorghiu-Milicin.

Asmita Garden: 21 apartments sold in april, for EUR 2.5 million

The judicial administrator of Asmita Gardens announced the selling of 21 apartments in April, for a total value of EUR 2.5 million, belonging to the real estate complex near Vacaresti Lake in Bucharest, where are 314 more apartments to be sold from the total of 765.

Dentons led Immofinanz in its WSE offering

Dentons has assisted Immofinanz AG in its listing on the Warsaw Stock Exchange this month.

Romania’s economy set to grow by at least 2 percent of GDP this year, says XTB

The local economy may gain at least 2 percent of GDP this year, after posting an annualized growth rate of 2.1 percent in the first quarter, says Claudiu Cazacu, chief analyst at XTB Romania, a brokerage firm.

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