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Articles - transactions

Immofinanz consolidates office sector in Romania

Immofinanz, Austrian real estate investor announced several new partnerships and extensions of agreements with tenants in the local office sector, accounting for a total of over 21,000 sqm.

Embassy of Egypt relocates Bucharest headquarters

The Embassy of Egypt relocated its headquarters to Dorobanti Square in northern Bucharest, where many other embassies are based. DTZ Echinox brokered the deal.

Ness SES opens second Technology Innovation Center in Romania, renting 2,800 sq. m

Ness Software Engineering Services (SES) is opening its second Technology Innovation Center in Romania, according to a company statement.

Romanian commercial real estate investment volume up 15 pct. to EUR 900 million

Romanian commercial real estate investment volume has increased with 14.9 pct. to EUR 900 million in the a 12 months period which ended in the second quarter, while in Europe the market is 29 pct. up in the first semester, to EUR 104.9 billion, according to Knight Frank.

Papalekas to attract EUR 35 million for investments

Businessman Ioannis Papalekas wants to attract EUR 35 million from the shareholders of the Globalworth, the company he controls, in order to finance new real estate projects acquisitions and the needed investments for the office buildings in development in Bucharest.

Abbott Laboratories relocates to Green Court Bucharest

Skanska, the developer of Green Court Bucharest announces the coming of a new significant tenant, Abbott Laboratories.

Globalworth to buy new assets of EUR 120 mln in Romania

Real estate developer Globalworth, controlled and managed by Greek investor Ioannis Papalekas, has signed in September agreement memorandums for buying a portfolio of 30 plots and completed buildings in Romania, as well as two office buildings, for a total of EUR 120 million.

Ţiriac took over his partners’ share in the office project in Victoriei Square, Bucharest

A company within Ţiriac Imobiliare, the real estate division of the businessman Ion Ţiriac, took full control over the office project Buzeşti Center near Victoriei Square in Bucharest, an investment estimated to EUR 30 million.

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