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British fund invests EUR 10 mln in Bucharest residential complex

Real estate developer British Romanian Investment Partnership (BRIP) will complete its residential complex New Residence Bucharest, built in the capital’s District 5, in the spring of 2017.

Bucharest’s new subway line to the airport will create a new office pole, says Colliers International

The government’s announcement that it will kick start next year works on a new subway line that will connect Gara de Nord with the Otopeni international airport (subway line 6) could result into the creation of a new office pole in Bucharest either in the Expozitiei or Baneasa areas, according to real estate consultancy Colliers International.

Immofinanz reports 3 pct rental income increase in H1 for Romanian properties

Austrian real estate company Immofinanz has seen its rental income increase by 2.9 percent in the first half of the abbreviated 2016 financial year, totaling EUR 22.9 million, according to company data. This represents a 14.9 percent share of the group’s total rental income, according to company data.

INS revises Romania’s economic growth in 2015 from 3.8 pct to 3.9 pct of GDP

Romania’s economy went up by 3.9 percent of GDP in 2015, over the previous estimations, that indicated an increase of 3.8 percent due to a strong increase in the consumption, stimulated by the TVA reduction to food, according to new semi-defined data published by the National Institute of Statistics (INS). Although it increased the growth rate, INS made a downward revision on the GDP value, taking into account that the deflator has strongly decreased.

Globalworth obtains BREEAM Excellent certification for Gara Herastrau office building

Globalworth, a real estate investment company focused on unique property investment opportunities in South Eastern Europe and Central and Eastern Europe, primarily in Romania, obtained the BREEAM Excellent certification for “Gara Herastrau”, its 12,100 sq.m. office project launched this year in Bucharest, Romania. For the green certification process, Globalworth appointed an association formed of consultancy companies Colliers International and BuildGreen Romania.

Colliers International named Property Manager for Stefan cel Mare building

Real estate consulting company Colliers Internațional will provide property management services for office project Stefan cel Mare Building, developed by Forte Partners in a central area of Bucharest. With this new project, the portfolio currently managed by Colliers International team exceeded 250,000 sqm, up by 30 percent in 2016.

Swiss company SIG Combibloc invests EUR 4 mln in Cluj center within The Office

Swiss company SIG Combibloc, global leader in packaging for food and beverages, opened on December 15 the first Business Services Center in Europe, in Cluj-Napoca, following a EUR 4 million investment.

AFI Europe Romania leases 6,000 sqm in AFI Park 4&5

Real estate developer AFI Europe Romania has signed several new lease contracts for over 6,000 sqm of office space in AFI Park 4&5, the company has announced.

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