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Articles - acquisitions

Inter IKEA real estate division buys 48 ha plot in Bucharest for mixed project

Vastint Romania, the real estate division of Inter IKEA, has announced the acquisition of a 48 ha plot of land in the northern part of Bucharest for a mixed project, “predominantly residential”.

Romania sees 45 pct yearly drop in property transactions in 2015

Property transactions (including office, retail and industrial) reached a record level in Central and Eastern Europe, shows a CBRE report, which places Romania fifth in the region with deals totaling EUR 644 million, 45 percent below the 2014 level.

British investment fund buys nine plots in Romania where Lidl stores operate

British investment fund First Property Group has bought, together with other investors, the plots where nine Lidl stores operate for EUR 10.5 million.

Real estate transactions registered EUR 800 million last year, below the level of 2014

Romania attracted in 2015 real estate transactions with a total value of nearly EUR 800 million, down compared to 2014, when EUR 1.15 billion real estate projects were transacted, including offices, retail, and industrial properties.

BCR lends Globalworth €20m loan for Green Court acquisition

Globalworth Real Estate Investments has completed its acquisition of the second office building in Green Court from its developer Skanska Property Romania.

Billa exits Romanian market, retail network passes to Carrefour

Carrefour announced the signing of an agreement with Rewe Group, in which Carrefour takes over the German company’s retail network of 86 supermarkets in Romania. With this move, Billa exits the Romanian market.

Vabeld bought two warehouses and 15 ha land from former Cefin Real Estate shareholders

Belgian real estate investor Vabeld has bought from the former shareholders of Cefin Real Estate, the real estate division of the Italian group Cefin, two logistics warehouses situated at the Bucharest exit to Pitesti. This is the company’s second acquisition since its entrance on the local market this summer.

GTC, on the brink of buying two office buildings in Bucharest’s Victoriei Square

Real estate company GTC Romania is very close to take over the office buildings Premium Plaza and Premium Point, according to sources in the real estate market, the transaction being estimated at nearly EUR 30-40 million.

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