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Articles - office rentals

NEPI to develop a new office project in the centre of Bucharest

South-Africa’s New Europe Property Investments (NEPI), the most active investor on the real estate market in the last years will invest EUR 15 million for the renovation of Ormolu villa, situated in the vicinity of the Government building, but also for the construction of an office building.

Ernst & Young and Cegeka have leased nine floors in Tower Center

The audit and consultancy company Ernst & Young and Belgium’s Cegeka, an IT industry company have leased nine of the 22 floors of the office project Tower Center in Victoriei Sq., Bucharest, transactions that increased the occupancy rate of the project to approx. 70%, after several years of being empty because of litigations.

AFI Europe rented 90% of AFI Palace Ploieşti, to be opened in October

AFI Europe Romania, has announced an occupancy rate of 90% for the AFI Palace Ploieşti, to be opened on 3rd of October 2013.

Gigi Becali to sell EUR 15 million plot to Portland Trust

Portland Trust developer, which will complete this year the office project Floreasca Park, near the metro station Aurel Vlaicu in Bucharest, will buy by the end of the year another 3ha of land from the businessman Gigi Becali.

Nord City Tower’s situation improving after the takeover by ING from the bankrupt developer

The occupancy rate of the office building Nord City Tower from Pipera, a project taken over by ING bank from the bankrupt developer, doubled compared to the first quarter of 2012.

Energy certificates, mandatory for real estate transactions starting 20th of July

The owners will have the obligation, starting 20th of July, to show the building’s energy certificate to the potential buyer or tenant in the real estate transactions.

Bucharest’s Q1 2013 office space delivery surges to 2012 total volume level

In the first quarter of 2013 some 71,000 sqm of office space were delivered in Bucharest, a figure approximately equal to the total volume delivered 2012, according to a DTZ Echinox report. This was the most active quarterly construction activity recorded since Q4 2010, said DTZ Echinox representatives.

New appointments in The Advisers/Knight Frank management

The Advisers/ Knight Frank has appointed two new managers, following the clients portfolio extension.

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