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Articles - office development

Prime Kapital and MAS plan to invest almost 2 billion euros in Romania’s real estate market by 2029

Prime Kapital, an integrated real estate developer and investor, and its investment partner MAS PLC, a green property investor and operator focused on retail properties in CEE plan to invest 1,97 billion euros in retail, office, and residential developments in Romania, by 2029, after having secured over 1,5 million square meters of development GLA/GSA.

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Campeador contracts a financing of EUR 4.5 million from CEC Bank for a mixed-use project in Timisoara

Campeador City will reunite in total eight blocks of flats with one, two and three rooms, and an office building, which will also include commercial spaces and a kindergarten. The project will be developed in four stages.

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Crystal Tower, the next 'home' for your business

Featuring modern, sophisticated and elegant architectural design and endowed with the first rooftop heliport, Crystal Tower office building has become a landmark in Bucharest, attracting over the past year tenants such as Ceetrus Romania, Editec and Reckitt Benckiser.

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Demand for office space fell by 45% in the first half

The office space market in Bucharest was strongly affected by the coronavirus pandemic in the first half of 2020, the demand in the sector registering a decrease of 45% compared to the same period in 2019, according to an analysis made by the real estate consulting company Avison Young.

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HAGAG Development Europe receives certificate of urbanism for the restoration of Știrbey Palace

The real estate developer HAGAG Development Europe received the urbanism certificate in order to authorize the execution of construction works regarding the restoration, consolidation and refurbishment of the historical monument building Știrbey Palace.

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GTC invests over 70,000 euros in the five projects in Bucharest, in the context of COVID-19

The real estate developer GTC, active in six countries, has allocated a budget of over 70,000 euros for the five projects owned in Bucharest, in the context of measures ordered by the authorities and in agreement with the tenants, to prevent the spread of the new coronavirus.

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BRD Group Société Générale signed the financing agreement for the Record Park project in Cluj-Napoca

Speedwell, one of the most dynamic real estate developers in the Romanian market is joining hands with BRD Group Société Générale by signing a financing agreement of 22,5 mil. Euro for the development of Record Park, the first mixed urban regeneration project in Cluj–Napoca.

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The modern office stock in 15 CEE countries will reach 30 million sqm by 2021

The largest supply of modern office space in 15 CEE countries was recorded in Warsaw, Budapest and in Prague, while the biggest increase of new supply in H1 2019 was noted in Bucharest (185,000 sqm), according to the newest report by real estate consultancy company, Colliers International. On a per capita basis, Bucharest’s office surface is around one third below Warsaw’s, which is also significantly below other Western European markets, so there might be room to grow.

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