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Globalworth posts EUR 70 mln profit from Romania acquisitions

Real estate investment fund Globalworth, which was founded by Greek businessman Ioannis Papalekas and listed on the London Stock Exchange last year, posted a profit before tax of EUR 70 million for the first quarter of the fiscal year (January 1 to March 31, 2014).

French group Sanofi to move its Romanian headquarters to Skanska’s Green Court office complex

French group Sanofi, one of the largest pharmaceutical groups on the Romanian market, will move its local headquarters to the Green Court office complex developed by Swedish group Skanska.

Carrefour H1 profits up; sales increase in Romania

Carrefour, the world’s second-largest retailer, reported a 13.8 per cent rise in first-half recurring operating profit to EUR 833 million, driven by higher profitability in its core French business and in Brazil and Argentina, while China stayed under pressure, writes Mediafax.

The message of Knight Frank’s head of Europe: starting this autumn money will come on the local real estate market

Chris Bell, managing director of the European division of the real estate consultancy company Knight Frank, said that the Romanian market reached its lowest level, so the only possible scenario is the growth.

AFI Cotroceni sales 10% higher than last year

Retailers’ sales from the commercial center AFI Palace Cotroceni, less Auchan hypermarket, grew by 10% in the first 6 months. End of the year estimates made by AFI Europe, the owner of the mall show a 5% advance to 215 million euro.

NEPI buys 7.4-Ha land in Piatra Neamt for shopping center

South-African investment fund New Europe Property Investment wants to buy a 7.4-hectare land in Piatra Neamt where it will develop a shopping center and to take over the remaining stake of 30% in the Mega Mall Bucharest project, NEPI said in a financial report Wednesday.

Immofinanz exits logistics market in Poland, Czech Republic and focus on Romania, Germany, Russia

Austrian group Immofinanz, one of the largest property investors on the Romanian market, sold two logistics projects in Poland and the Czech Republic for EUR 33.2 million, and announced it will focus on developing such projects in Germany, Romania and Russia, the company’s representatives said.

Fortech Cluj invested EUR 3.5 million for their own office building

Software services supplier Fortech form Cluj-Na­poca, controlled by Călin Văduva, completed an investment exceeding EUR 3.5 million for its own headquarters, with an area of approx. 5,000 sq. m.
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