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AFI Europe: We think about selling the offices near Cotroceni mall

Israeli group AFI Europe, controlled by the businessman Lev Leviev, is analysing the selling of the office buildings developed near AFI Palace Cotro­ceni mall in Bucharest, but is expecting the institutional investors entry on the local market, which are able to pay higher prices compared to current opportunistic funds active in Romania.

CA Immo to start EUR 70 million project Orhideea Tower next spring

Austrian group CA Immo, which sold assets in Romania for EUR 130-140 million, intends to start works for a new office project in Orhideea area next spring, which is a EUR 70 million investment announced few years ago.

Alesonor sells first houses part of Amber Gardens high-end residential project in Bucharest

Alesonor completed this November the first six houses part of the Amber Gardens high-end residential project it is developing next to Bucharest in the Otopeni-Tunari area. Out of these, four have already been sold, according to the developer.

Globalworth buys first building of Green Court Bucharest for EUR 44 mln

Skanska has sold the first building of its Green Court Bucharest office project to Globalworth Real Estate Investments for EUR 44 million, the developer announced today. Closing of the acquisition is scheduled for the second quarter of 2015.

The Office in Cluj-Napoca reaches 80 percent occupancy rate

The first building of The Office, a class A project developed in downtown Cluj-Napoca, by real estate investment fund New Europe Property Investments (NEPI) and Romanian businessman Ovidiu Sandor has reached an occupancy rate of 80 percent, according to the developers.

Wolf Theiss assists VB Real Estate in sale of Romanian subsidiary

Wolf Theiss assisted VB Real Estate Services GmbH with the sale of its Romanian subsidiary, Immorom Sigma to PVN Romania and Inprox Bucuresti, both subsidiaries of the bauMax group, for a consideration of EUR 17 million. The buyers in the transaction were assisted by Noerr.

AEW Europe completes acquisition of €300mn offices portfolio in Paris CBD

AEW Europe completed an acquisition - on behalf of an institutional investor – of 4 office assets from SIIC de Paris.

GTC negotiates the takeover of three office buildings

Real estate company GTC, the developer of project in Bucharest such as America House in Piaţa Victoriei or the towers City Gate in Piaţa Presei, is analyzing the possible acquisition of three office buildings in Bucharest, two of them owned by companies of bank group Volksbank.

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