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GTC paid EUR 18.1 million to be sole owner of City Gate Northern Bucharest

Real estate developer GTC took over the entire office project City Gate in Piața Presei Libere from Bucharest, through the acquisition of 41.1 pct. of the shares, owned by the Cyprus investment Bluehouse Capital, for EUR 18.1 million.

NEPI borrowed EUR 20 million from BRD for City Business Centre in Timișoara

Investment fund NEPI obtained in January EUR 20 million loan from BRD - Group Societe Generale for the financing of the office complex City Business Centre in Timișoara, took over entirely last year from the businessman Ovidiu Șandor, a company report shows.

US company expands its operations in Romania

US IT services provider 3Pillar Global will hire 100 specialists in its local centers in Cluj-Napoca and Timisoara. The firm will thus reach some 450 employees in Romania.

Immofinanz rental income in Romania stable

Immofinanz posted its financial results for the first three quarters of the 2015/16 financial year, with rental income in Romania standing stable at EUR 34 million. This represents 14.3 percent of the group’s total rental income.

GTS Telecom invests half a million EUR into its first data center in Cluj-Napoca

GTS Telecom, owned by German group Deutsche Telekom, has opened its first data center in Cluj-Napoca, following an investment of approximately EUR 500,000. The data center, which is estimated to require a EUR 1 million investment in the long run, was inaugurated in the Liberty Technology Park.

Volksbank sold downtown Bucharest office building to Azeri company

Austrian Volksbank sold for approx. EUR 5 million an office building downtown Bucharest, near Cathedral Plaza, to the company NIS Imob, controlled by the Azeri Socar’s management, according to ZF information.

Richest Czech enters Romanian real estate market with the acquisition of Metropolis Center office building in Bucharest

The Czech Petr Kellner, with a fortune of 11 billion dollars, buys the office complex Metropolis Center in Dorobanţi area of Bucharest from Austrian Soravia, according to ZF.

S Immo announces new date for construction works start at The Mark office project in Bucharest

Austrian company S Immo announces a new start date, the first quarter of this year, for the construction of The Mark office project in Grivița area in Bucharest, the EUR 60 million investment being blocked for several years due to difficulties in the real estate market and to the infrastructure works in the area.

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