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Articles - transactions

Volksbank sold downtown Bucharest office building to Azeri company

Austrian Volksbank sold for approx. EUR 5 million an office building downtown Bucharest, near Cathedral Plaza, to the company NIS Imob, controlled by the Azeri Socar’s management, according to ZF information.

Richest Czech enters Romanian real estate market with the acquisition of Metropolis Center office building in Bucharest

The Czech Petr Kellner, with a fortune of 11 billion dollars, buys the office complex Metropolis Center in Dorobanţi area of Bucharest from Austrian Soravia, according to ZF.

Adam America buys Phoenix Tower from Aberdeen Asset Management and Commerzbank

Asset fund manager Aberdeen Asset Management and German lender Commerzbank have sold the office building Phoenix Tower in Bucharest to New York-based Adam America, a developer and operator of residential real estate, for an undisclosed sum.

Alpha Bank took over Cubic Center office building in Bucharest

Cubic Center office building, developed by the businessman Dinu Patriciu, was taken over by Alpha Bank, in the account of its debts. The building is 31 pct. occupied, tenants including Agricover, Promidea, Nexte Bank, Patria Credit and Luatel.

The founder of Urgent Curier, ready to take over an office building in Floreasca, Bucharest

Sebastian Bă­lă­şescu, one of the founder of the company Urgent Curier, which merged over an year ago with Cargus is in advanced negotiations to take over an office building in Floreasca area, according to sources in the market.

FotoNation, new tenant of AFI Park brings occupancy rate to 60 pct

AFI Park 4&5 office buildings owned by AFI Europe România reached 60 pct occupancy rate after the signature of a lease agreement with FotoNation, a TESSERA company, with activity in the field of computing imaging.

Melisron mulls buying Africa Israel's Romanian properties

Africa Israel's main Romanian property is the NIS 1.9-billion (EUR 441 million) AFI Palace Cotroceni Mall.

CBRE: Industrial properties deals performed best among CEE in 2015 compared to other real estate sectors in Romania

2015 was a rich year for Romania’s industrial property, with three major transactions in this sector being among the top five largest in the CEE region, according to a report by CBRE, the property services company.

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