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Colliers: Real estate market up 60 pct y-o-y with two major transactions to be announced soon

Real estate investments could reach EUR 500 million, up 60 percent compared to 2013, with two large transactions about to be finalized, according to Ilinca Paun, managing director for Colliers International.

New financial centre in Warsaw

The investor Centrum Bankowo-Finansowe Nowy Świat is preparing a pair of neighboring buildings in the heart of Warsaw in a scheme it claims will become a top location for the city’s financial sector.

IKEA real estate division changes name

Inter IKEA Property Division has announced the changing of the name of its nine companies, to be reunited under the name of Vastint. In Romania, the real estate division of IKEA was previously called Interprime Properties.

Real estate transactions number 5 pct. up in first seven months

The number of real estate transactions has increased with 5 pct. in the first seven months, up to approx. 400,000 compared to 381,393 in the similar period of last year, most of the assets being transacted in Bucharest and Ilfov according to data from ANCPI.

Polsib publishing house in Sibiu turns to real estate

Polsib publishing house in Sibiu, recently sold by Teora to a company from Arad intend to change its range of activity from books publishing to real estate development and promotion and close the bookstore owned in Sibiu.

Raiffeisen Evolution in negotiations for EUR 150 mln sale of Promenada Mall

Vienna based real estate developer Raiffeisen Evolution is negotiating the sale of the Promenada shopping center, a EUR 130 million investment that opened less than one year ago in Bucharest, sources on the real estate market told Mediafax.

Impact shares doubled the money of the investors, sustained by the acquisitions of Iaciu

The shares of the real estate developer Impact have multiplied 2.5 times the money of the investors this year, on the background of the acquisitions made by the businessman Gheorghe Iaciu, the biggest shareholder of the company, with nearly 50 pct of the capital.

NEPI and Dedeman buy 84,000 sqm of land in Timisoara

NEPI and Dedeman have split the purchase of an 84,000 sqm plot, with each purchasing 42,000 sqm. The Romanian DIY retailer plans to open a new store at the site, but NEPI has not disclosed its plans for the site yet.

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