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Articles - transactions

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.

Centric IT Solutions expands with 1,700 sq. m in Iași

Software solutions provider Centric IT Solutions rented 1,700 sq. m in United Business Center Palas office park in Iași, reaching a total area of 4,000 sq. m.

Belgium’s Atenor negotiates the sale of Hermes Business Campus office park in Bucharest

Real estate developer Atenor Group negotiates the sale of Hermes Business Campus, its office complex in northern Bucharest. The complex includes three buildings with a total area of 73,180 sq. m and its tenants include companies such as Idea Bank (RIB), Lavalin, Luxoft, DB Schenker or Xerox.

Top offices outside Bucharest at 9 months: Iasi and Timisoara cities attracted more than two thirds of the tenants

In the first nine months of 2015 the large cities outside Bucharest registered office transactions totalling an area of 37,417 sq. m, with 46 pct. increase compared to the similar period of 2014 (when a total of 25,475 sq. m were transacted) and almost equal to the entire area transacted in 2014 (37,377 sq. m), according to ESOP study.

Skanska sells Building B of Green Court Bucharest office project to Globalworth Real Estate Investments for EUR 47 M

Skanska has sold Building B of the Green Court Bucharest office complex. The property has been acquired by investment company Globalworth Real Estate Investments, which already owns Building A. The Green Court Bucharest scheme is Skanska’s first office development in Romania.

GLL has green light from the Concurrence authorities for the takeover of Floreasca Park from Portland Trust

The concurrence Council approved the takeover by the German investment fund GLL of the office building Floreasca Park from Portland Trust, a transaction of nearly EUR 100 million.

Over 230,000 sqm of industrial space leased in Romania in first 9 months

Over 230,000 sqm of logistics and industrial space was leased in Romania in the first nine months of 2015, almost half of which was leased in capital Bucharest and the western city of Timisoara, according to data from real estate services firm JLL. Retail, car parts manufacturers and logistics operators were the most active players, said JLL representatives.

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).

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