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Biggest Romanian mall owner announces EUR 220 mln mega-investment in Timisoara

Iulius Group, the biggest Romanian mall owner, will splash the cash on a mega real estate project in Timisoara, Romania’s fourth largest city. Romanian entrepreneur Iulian Dascalu, one of the country’s first mall developers, controls the Iulius Group.

Skanska’s second office building in Bucharest, now 72% leased

Swedish real estate developer Skanska has reached a 72% occupancy rate for its second office building in Bucharest, after signing in a new tenant, software producer RINF Outsourcing Solutions.

Foreign direct investment, up in Romania in the first five months

Foreign direct investment went up by 18% in the first five months of 2015 compared to the same period of last year, reaching EUR 1.29 billion.

Telekom extends by 17th of August the deadline for 24 buildings bids

Telekom Romania Communications, the largest group on the local telecom market, extends by 17th of August the bids deadline for the package of 24 real estate properties in Bucharest and other seven cities put on sale and re-letting, has announced the company.

Secure Property bought Praktiker Craiova for EUR 6.1 million

Investments fund Secure Property Development & Investment has completed the acquisition of Praktiker store in Craiova from Cyprus’s fund Bluehouse Capital for EUR 6.1 million, a price 39 pct. lower than the acquisition price paid by the seller four year ago.

Three young entrepreneurs invested EUR 30,000 in a new Bucharest office hub

Two engineers, Alexe Alexandru and Laurenţiu Oprea, together with an architect - Alexandru Predonu – invested EUR 30,000 in a new work hub in Bucharest, the budget covering the fit-out costs, as well as the furniture and equipment costs.

CA Immo bought EBRD’s shares in Europe House and River Place offices

Austrian group CA Immo, which owns several office buildings in Bucharest, with a total area of approx. 100,000 sq m, bought back the minority stakes of the EBRD in several properties in Eastern Europe, including the office buildings Europe House and River Place in Bucharest.

Three days to register a company in Romania

Romania’s National Trade Registry’s Office (ONRC) will issue registration certificates for new companies in three days after filling the request, if no additional documents are needed, the institution announced on July 13.

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