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Articles - transactions

Esop: 70 pct of the office villas in Bucharest are refurbished historical buildings

Esop Consulting’s office rent transactions in villas reached a total volume of 5,246 sq. m, wit 3,707 sq. m being spaces in historical buildings.

The Germans from Deutsche Bahn to develop services centre in Pipera

German group Deutsche Bahn, with worldwide revenues of EUR 39 billion in 2013, will develop a service centre with hundreds of employees within Hermes Business Campus project in Pipera, where it has rented 2,000 sq. m in the first phase.

Ioannis Papalekas found the first tenant for Globalworth Campus, the company’s largest project

Real estate investment fund Globalworth, founded by the businessman Ioannis Papalekas, found the first tenant for Globalworth Campus, the largest office project to be built in its portfolio.

Czech group to buy the largest logistic park near Bucharest, Europolis Logistic Park

Czech company PointPark Properties, which is controlled by investment funds TPG and Ivanhoe Cambridge, is currently negotiating the acquisition of Europolis Logistic Park, the largest logistic development near Bucharest, according to Ziarul Financiar.

Colliers: New entries on the market will stimulate the office request in the next year

The first half of the year registered a revival of the tenants’ interest for new office spaces, and the new entries on the market are bringing even more optimism on this real estate segment, according to a study of Colliers International Romania.

EU Funds Ministry doubled its leased area in Tower Centre

The Ministry of European Funds nearly doubled the surface it’s currently renting in Tower Centre International, the office building owned by Ioannis Papalekas. The ministry rented nearly 3,900 square meters last year for EUR 1 million per year.

Colliers: Real estate market up 60 pct y-o-y with two major transactions to be announced soon

Real estate investments could reach EUR 500 million, up 60 percent compared to 2013, with two large transactions about to be finalized, according to Ilinca Paun, managing director for Colliers International.

Real estate transactions number 5 pct. up in first seven months

The number of real estate transactions has increased with 5 pct. in the first seven months, up to approx. 400,000 compared to 381,393 in the similar period of last year, most of the assets being transacted in Bucharest and Ilfov according to data from ANCPI.

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