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Maurer buys 3.4 ha in Brasov for Avantgarden3

Real-estate developer Maurer Imobiliare, founded by Simon Maurer, bought a 3.4 ha terrain in Brasov for the third phase of residential project Avantgarden3, where the company has already built 1,600 apartments.

Tallest office towers in Bucharest currently underperforming

Sky Tower and Tower Center, the tallest office towers in Bucharest, had last year only EUR 2.4 million total revenues, although normally the revenues from rents of the two projects should have reached approx. EUR 12 million annually, according to ZF estimations.

Buzoianu family to sell Retrasib to invest in Cluj Business Center

Businessmen Octavian and Călin Buzoianu, who control over 80 pct. of the Retrasib Sibiu (RTRA)shares, mostly through the companies Institut Proiect and Trafo Proiect, intend to sell their shares in the engine, generators and electric transformers manufacturer to the German company SGB-Smit International, in order to focus on other projects ongoing.

Moody's: Improved macro-economic balance supports Romania's credit profile

Romania's Baa3 government bond rating is supported by the government's moderate debt levels as well as the anticipated improvements in productivity and incomes, says the annual credit report published by Moody's Investors Service on Thursday.

Vodafone opens new regional services center in Romania

Telecom operator Vodafone, the second largest telecom operator on the local market, has opened a new center of regional services in Bucharest, according to an invitation sent to the media.

Leroy Merlin to open second store in Bucharest, following EUR 13-16 mln investment

DIY retailer Leron Merlin will invest EUR 13 – 16 million in a new store in Bucharest that will be opened in spring 2015. The new unit will generate 150 jobs and it will be located on Soseaua Alexandriei.

Skanska invests EUR 33 mln in Green Court phase II

Swedish developer Skanska will invest EUR 33 million in the second development phase of the Green Court office project and intends to end construction work on the new building in May 2015, writes Mediafax.

`Weekly, a new group of investors come to analyze the offers in the real estate market`

The office sector is the one with the best results during crises, and currently there are 15-20 new lease transactions signing every month, while by the end of the year there are expected even more acquisition contracts for these buildings, consider the real estate specialists during the European Real Estate Society (ERES) conference.

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