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Articles - transactions

Real estate investments skyrocket to EUR 1.2 bln in 2014, says DTZ Echinox

Romania’s real estate investment volume reached 1.2 billion in 2014, up from EUR 300 million the previous year, according to data from real estate consulting company DTZ Echinox.

Mega Image rebrands & reopens Angst units; nears 400-store network

Mega Image announced on Wednesday it reopened, under its own brand, 18 Angst store it acquired from the meat-by product producer earlier in the year.

Auchan acquires EUR 20 mln shopping center in Pitesti from Rolast

Real-estate rental specialists Rolast have sold a shopping center in Pitesti to Auchan Romania for EUR 20 million.

Luxury properties transactions up by 12% in Romania

Transactions of luxury residential properties in Bucharest went up by 12% in 2014, encouraging developers to start large-scale projects on this segment, according to real estate agency Nordis, which has a portfolio of 2,500 properties in central and downtown Bucharest.

Globalworth acquires Unicredit HQ building for EUR 43 million

Globalworth Real Estate Investments, controlled by Greek businessman Ioannis Papalekas, bought office building UniCredit HQ from businessman Raul Doicescu, in a EUR 43 million transaction approved by the Competition Council.

Mars Inc. and Royal Canin to consolidate their Romanian operations

Mars Inc. has extended the lease for the premises of approx. 600 sq. m occupied within the office building situated on 169A Calea Floreasca St., owned by NEPI. Royal Canin has relocated next to its parent company, Mars Inc., renting an office space of approx. 350 sq. m on the 7th floor of the A building, in order to offer more visibility to the operations in Romania and to be more efficient in their communication with the clients.

The Advisers/Knight Frank signs the relocation of Honda to Global City

The Advisers/Knight Frank, leader of the office market for the past 5 years and recently awarded „Office Agency of the Year” at the CIJ Awards 2014, has advised on the relocation of Honda Trading Romania in Global City.

Globalworth buys office building Nusco Tower and nearby terrain for EUR 50 mln

Globalworth Real Estate Investments, controlled by Greek businessman Ioannis Papalekas, on Monday announced the acquisition of office building Nusco Tower for EUR 46 million and of the nearby 2,400 square meters land plot Nusco Land for another EUR 4 million.

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