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Articles - transactions

Auchan wants to buy for EUR 19 million former Real building in Pitesti

Auchan Romania intends to buy the commercial space where is located the Auchan Gavana store in Pitesti. The hypermarket chain made an offer of EUR 19 million to the company Rolast in Pitesti, according to Rolast.

Scorseze Ambulance Service rented an office building in Tei area for 10 years

Scorseze Ambulanta Privata, part of Scorseze Security International security companies group expands its activity through the new clinic Scorseze Medical, rented in Northern Bucharest, on Ghica Tei St., according to Esop Consulting, the transaction’s broker.

NEPI and Dedeman took 22 ha land in Timisoara from Cristescu brothers

South-Africa’s investment fund NEPI and the DIY retailer De­deman bought from the brothers Emil and Marius Cristescu and an Italian investor the 22 ha land of the former plastics factory Dermatina in Timişoara in a transaction estimated by ZF to EUR 15-20 million.

The Advisers/Knight Frank: The interest of the companies for opening operations outside Bucharest is increasing

The Advisers/Knight Frank, the market leader for office rentals, registered a growth in office ental request in the country. The company has brokered in 1Q 2014 office rental transactions for companies such as OSF Global Services and Webhelp.

Tagor to start buying toxic real estate assets from banks in Romania

Real estate developer Tagor said on Tuesday it launched a new business segment designed to help banks get rid of distressed real estate assets in their portfolios and reduce their volume of non-performing loans.

Real estate investments aimed by Globalworth in Romania

Globalworth, a company controlled by the businessman Ioannis Papalekas, active for 15 years on the real estate market in Romania and SEE invested EUR 72.6 million in real estate projects on the local market and has cashed out form these investments EUR 341.4 million (investments in 2001-2009). Currently the company has 10 investment objectives on the local market, including developing an office complex in Pipera and the acquisition of the office building occupied by UniCredit Tiriac Bank.

Microsoft, Linde Gaz and ZTE rented 3,500 sq. m in Timisoara

The companies Microsoft, Linde Gaz and Chinese group ZTE rented offices with a total area of nearly 3,500 sq. m within the first building of Optica Business Park project developed by the brothers Marius and Emil Cristescu in Timişoara, the building reaching 90% occupancy rate, according to Activ Property Services, in charge with renting the spaces.

Strong start for European commercial real estate investment market in 2014

Improved investor confidence and lending conditions, as well as notably increased activity from opportunistic investors in recovering markets, led to a strong start for the European commercial real estate market in 2014, according to the latest research from global property advisor CBRE.

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