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Articles - transactions

Fewer real estate transactions in Romania in the first quarter

The number of real estate transactions in Romania dropped in the first quarter of the year, to 199,122, down 7,000 year-on-year.

Casa de Insolvenţă Transilvania relocates its offices to Green Court in Floreasca

Casa de Insolvenţă Transilvania (CITR), judicial administrator for insolvent companies, relocates in June its headquarters from Phoenicia Business Center, situated near Unirii Blvd., in Bucharest to the business park Green Court, situated in Barbu Văcărescu area,a ccording to sources in the market.

American hedge fund sells USD 32 mln worth of Romanian Fondul Proprietatea stock

American hedge fund Elliott was the first to take advantage of Romanian investment fund Fondul Proprietatea secondary listing on the London Stock Exchange (LSE).

Immofinanz closes new leases for 3,600 sqm of office space in Bucharest

Austrian real estate company Immofinanz has signed new leases for office space totaling over 3,600 sqm (GLA) in some of its Bucharest projects and lease extensions for another 7,000 sqm, the company announced on Tuesday.

Flash Office Solutions doubles its space in Maria Rosetti Tower, with the help of ESOP

Flash Office Solutions has rented its second office floor in Maria Rosetti Tower building in Bucharest, the expansion transaction being brokered by the company ESOP Consulting.

Genpact reconsolidates its Bucharest team to a single building

Indian outsourcing services provider Genpact has pre-leased an area of approx. 22,000 sq. m in a building of the project Hermes Business Campus in Dimitrie Pompeiu area (project developed by Belgium’s Atenor), which will be completed in the first half of next year, according to sources in the real estate market.

Czech developer invests EUR 15 mln in logistics park in Romania

Czech developer CTP will invest up to EUR 15 million this year in the soon-to-be-acquired logistics park Cefin Arad, which is in liquidation.

Businessman Mohammad Murad bought the real estate consultant Coldwell Banker

Businessman Mohammad Murad, the owner of Phoenicia hotel chain, bought the real estate consultancy company Coldwell Banker Affiliates of Romania, the company that owns the master-franchise of US’s Coldwell Banker, from the entrepreneurs Alexandru Benga and Valentin Ilie, according to information confirmed by both parties in the transaction, wall-street.ro reports.

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