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Office Market News

National Bank of Greece nears deal to sell property unit

National Bank of Greece, the owner of Banca Romaneasca, is close to clinching a deal to sell a majority stake in its fully-owned real estate arm Pangaia to private equity firm Invel Real Estate, two bankers close to the deal told Reuters on Sunday.

Romania tops EU economic growth in Q3

The GDP was up 2.7 percent from the similar period of 2012. The increase of the industrial output, exports and the absorption of European funds were the main triggers, Victor Ponta says.

50 New Retailers from France, Spain, Italy, Germany and Turkey to enter Romanian Market

Romania’s retail market becomes more attractive for investors, as the global capital increases its penetration in CEE; 50 new retailers from France, Spain, Italy, Germany and Turkey currently analyzing the local market, Colliers says.

80 pct. Profit Increase for NEPI’s Shareholders

South-Africa’s investment fund New Europe Property Investments (NEPI) registered in the first nine months EUR 35.9 million profit for its shareholders, with 80% increase compared to the profit registered in the similar period of last year, EUR 19.9 million.

Tagor plans Bucharest estate

Tagor is planning to build 12 apartment blocks near Şoseaua Alexandriei in the southwest of Bucharest.

GTC sells off malls

Globe Trade Centre has entered into an agreement to sell three shopping centres in Buzău, Piatra Neamț and Suceava, which have been valued at between EUR 6-7 mln.

Ploiesti Shopping City generates EUR 25 million sales in first year

Ploiesti Shopping City, the mall developed by Carrefour Property and New Europe Property Investments (NEPI) near Ploiesti, has attracted some 5 million visitors and has generated over EUR 25 million in sales in the first year after the opening, according to the company.

ERA Shopping Park Oradea asked for its Insolvency

The company Omilos Oradea, the retail park in Oradea, owned by the British investment fund Argo Real Estate Opportunities Fund (AREOF), asked for insolvency on 12th of November.

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