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Articles - transactions

One United Properties sells 4 Bucharest apartments for EUR 1.36 mln

Four Bucharest apartments located in the One Floreasca Lake residential compound developed by One United Properties have been bought by an investor for a combined EUR 1.36 million (VAT included), has announced Crosspoint Real Estate, the agency which brokered the transaction.

Two new tenants in the tallest office building in Bucharest

Two new office spaces were occupied in Sky Tower building, Proiect Bucuresti on 1,158 sq. m on the 9th floor and another one on 579 mp by the company Bomax Group, on 16th floor, according to Esop Consulting, the transactions broker.

The office market was the least affected by the crises

The office market was the least hit by the crises in the entire real estate sector in Romania, registering last year record level considering the transactions (approx. 300,000 sq. m, with 22 pct growth compared to 2012) and the new deliveries (120,000 sq. m, with 2.5 times growth).

BCR successfully bids EUR 50 mln for Silver Mountain project

The real estate project Silver Mountain based in Poiana Brasov along with a piece of land near Snagov lake were acquired by BCR for around EUR 52 million in a tender organized on May 23 by Euro Insol, the judicial liquidator of INR Management Real Estate.

The market wakes. Real estate investors are here, but they are not opening yet their wallets

Real estate investors started entering Romania, but there are not opening yet their wallets, has declared Dietmar Reidl, operational manager within Immofinanz Group; however the real estate consultants consider that there will be transactions in the next months on the local market.

Pheonix Real Estate sold the logistics park in Clinceni, rented by Nestle, for EUR 12.6 million

Greece’s Phoenix Real Estate has completed the sale of Innovations logistics park near Bucharest to the investment company Secure Property Development & Investment, for EUR 12.6 million.

Allianz took office for service centre in Bucharest

Allianz rented approx. 3,500 sq. m in Floreasca Park, to be occupied in several phases.

Ericsson expands to 16,000 sq.m its offices in West Gate Bucharest

Ericsson Romania, local subsidiary of the Swedish telecommunications equipments producer, expands with 4,000 sq. m the office area occupied in Wes Gate business park, owned by Genesis Development in Western Bucharest. The area rented by Ericsson reaches 16,000 sq. m, while the contractual period extends by 2019.

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