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Owners of AFI Palace Cotroceni shopping mall in Bucharest foresee EUR 30 mln income this year

AFI Palace Cotroceni shopping mall in Bucharest, AFI Europe’s largest and most important asset, posted a net operating income of EUR 7.4 million in the third quarter of 2014 and of EUR 22 million in the first nine months, representing a year-on-year increase of 4%.

GTC registered revenues growth from renting commercial centres in Romania

Real estate developer GTC reported EUR 2.8 million from renting the three commercial centres in Romania, with 7 pct growth compared to the same level in 2013, on the background of a slight increase of the average rent and announced that it gave up some new developments, Romania included.

Meric Capital finishes a EUR 2.5 mln residential project in downtown Bucharest

Meric Capital, investment vehicle acting for Israel’s Plotkin Project, finished its first real-estate project in Romania: a 16-apartment building in downtown Bucharest, after a EUR 2.5 million investment.

Discover a new way of working for your company

During the period 24th-28th of November 2014, Regus organizes the Open Doors Week.

City Gate in Bucharest is now fully certified

GTC & Bluehouse have successfully finalized the green certification process for City Gate in Bucharest, with City Gate South Tower, the second of two towers comprised in the office project, achieving a LEED Silver certification. Colliers International Romania advised the owners in the certification process.

Cemacom increases capital by RON 7.7m

Cemacom, which manufactures construction materials, has reportedly increased its social capital by RON 7.7m between Oct. 14 and Nov. 13.

AEW Europe acquires prime building in Lille

AEW Europe announced the acquisition of the “L’Opéra Faidherbe” building in Lille on behalf of an institutional client. The 8,322 sqm asset is split between retail and offices with the latter accounting for circa 5,000 sqm and is fully let to a number of high quality tenants.

Largest office and retail furniture producers

Office furniture sales could increase with 5 pct next year, considering that the first recovery signs came since 2014, after a decrease which started five years ago.
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