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Articles - transactions

Xerox rents additional 3,000 sq. m in Palas Iasi and hires 60 people

Iulius Group announces the signature of a new partnership with Xerox, which will expand its rented area to 4,000 sq. m in United Business Center 3 (UBC 3) office building within Palas Iaşi complex.

Negotiations advance for takeover of Billa Romania by Carrefour

For several months, negotiations between Carrefour Romania and Rewe’s supermarket network Billa have been stalling, but according to Ziarul Financiar they are now in an advanced state.

TriGranit: Romania has a bigger economic growth, but Poland is more active in real estate

Romania is a less attractive market compared to Poland in terms of investments or real estate or transactions, despite the positive macro-economic indicators, considers Bogdan Macarie, development director within TriGranit Develop­ment, the real estate development company in the portfolio of the businessman involved in several projects on the local market.

Secure Property Development buys EUR 18 mln assets in Romania

Investment fund Secure Property Development has completed the acquisition of a 24.35% stake in the Delea Noua office building in Bucharest, which hosts Romania’s communications authority ANCOM, as well as several apartments.

Bucharest office transactions top: Oracle, Genpact and Carrefour

Largest ten office transactions in Bucharest in the first four months of this year totalled approx. 48,500 sq. m, most of them being relocations, renegotiations or renewals, shows a study made by ZF, based on the data from real estate consultancy companies.

Portland Trust signed with Oracle for office building in Bucharest

American giant Oracle will rent over 20,000 sq. m in the office project Oregon Park in Northern Bucharest, investment of the group Portland Trust, headed by the British Robert Neale, have declared for ZF sources in the market.

French retailer Carrefour ponders taking over the local operations of supermarket network Billa.

Mega Image also considered the transaction, but withdrew from the race. The deal could amount to EUR 70-90 million, according to market sources, cited by local Ziarul Financiar.

Cypriot fund buys real estate in Romania

Cyprus-based investment fund Secure Property Development & Investment recently bought the Praktiker store in Craiova, a part of the Delea Noua Office Building in Bucharest and houses located on the Grivita lake and in the south of Sofia, Bulgaria.

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