The biggest subscription, of EUR 33.4 million, was made for the company Tower Center, registered in Cyprus. The company owns the office building with the same name in Piaţa Victoriei.

The capital increases are generally of few million Euros, and the companies are mostly investment vehicles registered in Cyprus or the Netherlands, but also in Spain, Austria, Poland and Luxembourg.

Therefore, the companies benefitting from additional capital infusions Goldale Real Estate (with EUR 24.8 million), Masterage Imobiliare (with EUR 21.8 million) – both companies owned by Spanish group Riofisa and the businessman Ion Ţiriac) and CEIF Industrial Epsilon (with EUR 5.6 million) from the Australian investment fund Valad.

The Scottish company Aberdeen Asset Management increased the capital of DEGI Millennium Tower with more than EUR 19.4 million. The company owns the office building Millennium Business Center, situated near Armeneasca Church in Bucharest downtown, devastated by a fire four years ago.

Another important investment made this year is by Polish real estate developer Echo Investment, which increased with EUR 14.7 million the capital of the company Echo Investments Project 1 in Braşov, the developer of a commercial centre in this city.

Over EUR 11 million capital increase was also registered by the investment fund Tri Investment, while Immobiliare Italo Romena increased its capital with EUR 14.9 million.

The Canadian investors of real estate company Benovo have brought EUR 2.8 million to Vic City, the developer of the commercial centre Victoria City Lifestyle to be built in Bucureştii Noi.

American group Prologis has increased by EUR 2.6 million the capital of one of its companies in Romania, Prologis Joiţa (Giurgiu).

The Greek businessman Ioannis Papalekas has brought more than EUR 3 million to Star Imob Construct, the company that bought City Mall, the former bankrupt mall currently in reconversion as office building.


Other real estate investors active on the Romanian market in the first nine months were Wellkept Imobiliare (with Cypriote shareholders, which brought almost EUR 3 million) and Red Management , with EUR 3.8 million injection in Red Project Five, while Green Gate in Timis received more than EUR 5 million capital increase. (source: