Industrial facilities' conversion into offices proves profitable

Conect Business Park converted two industrial properties in northern Bucharest into office buildings, for which it charges a rent of 10.5 eurossq.m., reports daily Ziarul Financiar. Tina and Livio Burton took over Conect Co. in June 1999, when they bought 86 percent of the company and subsequently raised their stake to 97 percent through Tinapack Co. The company pulled down a part of the facilities that were used for the production of connectors in the past, while two buildings were upgraded ...

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