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Austrian group extends leases for 11,000 sqm in Iride Business Park in Bucharest

Austrian Immofinanz Group, the largest owner of office space in Bucharest, has closed new deals and extended existing agreements for 11,000 sqm area in Iride Business Park.

Greek investor Ioannis Papalekas nears EUR 1 bln real estate portfolio in Romania

Real estate investment firm Globalworth, controlled by Greek businessman Ioannis Papalekas, increased its portfolio in Romania to EUR 752 million.

Investor pays EUR 1 mln for 32 apartments in Cosmopolis

An investor paid around EUR 1 million on a package of 32 double studios in Cosmopolis, the transaction being completed earlier this year, the developer Opus Land has announced. The apartments were purchased to further be loaned for minimum three to five years, reads a Cosmopolis press release.

Omifa opens its first local office in Romania, in Cluj-Napoca

Omifa, the office fit-out solutions provider, opens its second Romanian office in Cluj-Napoca.

AFI Europe buys land for a mall in Brasov

AFI Europe closed a preliminary agreement to purchase the land owned by the retailer Cora in Brasov Civic Center, where the company wants to build a mall, the decision being taken in the context in which the first project of this type in the city, Coresi, developed by Immochan, will be delivered next month.

Polish investment fund gets direct fiscal registration to invest in Romania

Polish investment fund Quercus TFI completed the first direct fiscal registration in Romania by a foreign investor. The fund will thus be able to invest on the Romanian capital market without appointing a fiscal agent or representative, which will help it save up to a few thousand euro in fees.

Romania had the third-largest economic growth in CEE, behind Hungary and Poland

In Q4 last year Romania’s economic growth stood at 2.5 pc, behind Hungary, Poland, Estonia and the United Kingdom

Romania sees foreign investments drop by 11 pct in 2014

Non-residents’ direct investment in Romania is estimated at EUR 2.42 billion in 2014, according to data released on Friday by the National Bank of Romania (BNR). This marks a 10.6 percent drop compared to the post-crisis peak reported in 2013.

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