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Articles - acquisitions

Immofinanz sells logistics portfolio to Blackstone

Immofinanz has signed a contract with Blackstone for the sale of its entire logistics portfolio. The transaction covers all 36 logistics standing investments with up to one million sqm of rentable space, which are located for the most part in Germany (24 properties) as well as in Hungary (5), Romania (3), Poland (2), Slovakia (1) and Russia (1).

GLL RE Partners acquires Victoria Office Center

GLL Real Estate Partners has acquired Victoria Office Center in Bucharest for a price believed to be around €27m.

Globalworth to buy from Skanska second office building in Green Court project

Swedish Skanska, a company which developed two office buildings and is currently developing the third building within Green Court of the project to project in northern Bucharest, is selling the second building to Globalworth, controlled by the businessman Ioannis Papalekas, the buyer of the first one, according to sources of ECONOMICA.NET.

Major changes in the top of the largest buildings owners in Romania

The leaders of the three commercial segments of the real estate market in Romania, emerged before 2009, seamed unbeatable after the crises came, but they were however dethroned in a record time, by investors which are hard to overtake.

Businessman Radu Dimofte buys a building downtown Bucharest

Romanian businessman bought for nearly EUR 1.4 million the TMUCB headquarters on Magheru Boulevard in Bucharest, through his company Grand Plaza Hotel, the administrator of the Sheraton hotel in Bucharest.

Israeli fund buys 4% stake in Globalworth

Israeli investment fund Altshuler Shaham Group, which manages EUR 15 billion worth of assets, has acquired a 4.2% stake in the fund Globalworth Real Estate Investments, controlled by Greek Investor Ioannis Papalekas.

GTC assigns for acquisitions in Romania part of the EUR 188 million raised on stock

Real estate developer Globe Trade Centre (GTC), whose major shareholder is the American giant Lone Star, announced that it would use the nearly EUR 188 million attracted last month on Warsaw Stock for investments in office buildings and retails schemes in Poland and the capitals in the region, including Romania.

Romania, third in the region for value of real estate deals

Romania ranks third in Central and Eastern Europe for the value of real estate transactions in the first nine months of 2015, with transactions totalling EUR 600 million.
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