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Biggest business park in Romania

According to market information, the Bog’Art constructions company has started last week to demolish the former administrative buildings of the Farmexim pharmaceutical group. In their place, Ioannis Papalekas will build the biggest business center in Romania.

Papalekas takes out EUR 30 mln loan to refinance Tower Center International

Greek business man Ioannis Papalekas borrowed EUR 30 million from BCR to refinance office building Tower Center International (TCI). The building counts Hidroelectrica and the Ministry of European Funds among its tenants, writes ZF.

Ioannis Papalekas found the first tenant for Globalworth Campus, the company’s largest project

Real estate investment fund Globalworth, founded by the businessman Ioannis Papalekas, found the first tenant for Globalworth Campus, the largest office project to be built in its portfolio.

EU Funds Ministry doubled its leased area in Tower Centre

The Ministry of European Funds nearly doubled the surface it’s currently renting in Tower Centre International, the office building owned by Ioannis Papalekas. The ministry rented nearly 3,900 square meters last year for EUR 1 million per year.

Smaller projects of a big investor

The company Globalworth, controlled by the Greek businessman Ioannis Papalekas, also includes in its portfolio smaller projects, apart the plans of several large office buildings, two of them being part of the brand Development 1.

The reconversion of City Mall to offices nearing completion

Greek businessman Ioannis Papalekas has another EUR 2.8 million to invest for the completion of the reconversion works of City Mall to office spaces, the project being scheduled for opening this autumn.

Papalekas’ Globalworth to build 105,000 sqm office compound in Romanian capital office hotspot

Real estate fund Globalworth, controlled by Greek investor Ioannis Papalekas plans to build an office compound right above the Pipera subway station in Bucharest, with an estimated EUR 98 million investment.

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).
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