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DTZ Echinox brings new person in its retail team: Mihaela Petruescu

DTZ Echinox enlarges its retail team by recruiting Mihaela Petruescu, consultant with over eight years of experience on the local retail market.

Immofinanz launches concierge service for its offices

Starting July 2014, Immofinanz Group, one of the most important real estate developers and investors in Romania, in partnership with TimePal, launches the new concierge service for the tenants of all its office buildings in Bucharest.

Kellogg’s rents 2,500 sqm in Floreasca Park for its service center

Kelloggs Company announced Monday it rented office space of 2,500 square meters in Floreasca Park where it is set to open a service center.

Development possibilities in SEE

The SEE region offers investment possibilities across such countries as Serbia, Croatia and Romania with the office and industrial sectors providing potentially higher returns with increased risk than the more established but increasingly competitive markets in Central and Western Europe.

CBRE: Transaction value down compared to 1Q

Real estate transactions in Romania totalized in 2Q EUR 66 million, with significant drop compared to 1Q, when over EUR 300 million level was registered, according to CBRE.

Auchan dishes out EUR 280 million for 12 shopping galleries

French-held retailer Auchan has reached an agreement to buy 12 hypermarkets and shopping galleries in Romania located in Bucharest, Timisoara and eight other cities throughout the country. The deal is worth about EUR 280 million, according to zf.ro.

Xerox Romania moves into new HQ in Hermes Business Campus

Xerox Romania announced it will be moving into a new headquarters located close to Pipera subway station, in the Hermes Business Campus, developed by Properties Investment (Atenor Group) starting June 30.

92,000 sq. m offices delivered in Bucharest in 1Q, but half of them are vacant

In the first half of this year offices were completed in Bucharest with a rentable area of 92,000 sq. m, but approx. half of these spaces don’t have yet tenants, according to a ZF analyze of the market data.

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