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Articles - transactions

Cosmopolis owners bought a land on Barbu Văcărescu St. for a residential building development

Turkey’ Buyukhanli family, the developer of residential complex Cosmopolis in Ştefă­neşti village, northern Bucharest has recently bought a land of more than 2,000 sq. m on Barbu Văcărescu St. in Bucharest, with the intention to start this year the construction works for a building with approx. 100 apartments.

Leroy Merlin, interested in buying 3 Baumax units and an OBI store

French retailer Leroy Merlin would be interested in buying several Baumax and OBI units in Romania. The two home improvement retailers recently announced they are going to leave the local market, on account of losses suffered in the region, according to wall-street.ro sources.

Kingfisher makes EUR 275m offer for Mr Bricolage, also present in Romania

Kingfisher has entered into exclusive negotiations with the principal shareholders of Mr Bricolage, the home improvement retailer, to acquire their shareholding, according to a press release from the British company.

The company that took over Praktiker already negotiates a new acquisition in Romania

Search Chemicals, the company controlled by the businessman Omer Susli, which has recently taken over the DIY chain Praktiker from the German group Prakteker AG, is in negotiations for the acquisition of another DIY retailer. They plan stores in 40 large cities in the shortest time.

Papalekas negotiates the acquisition of the former Farmexim platform in Pipera

Former Farmexim warehouses are in the close vicinity of the UpGround complex, developed by Ioannis Papalekas.

AEW Europe sells on behalf of the company FONCIERE 1 a 11,648 sqm logistics platform located in Lieusaint, France

AEW Europe, acting as an asset manager for SCI FONCIERE 1, sells a 11,648 sqm logistics platform in Lieusaint (Paris suburbs).

Globalworth aims to buy UniCredit’s HQ in the north of Bucharest

Globalworth, controlled by Ioannis Papalekas, is planning real estate deals worth of EUR 130 million in Romania, among which the Unicredit Tower.

Vodafone and Huawei to occupy almost 40% of Bucharest One office tower

The investment fund Globalworth, controlled by the businessman Ioannis Papalekas, announced the rental of 37.5% of the office tower to be built on Barbu Vacarescu St. in Bucharest, a space of 16,000 sq. m being signed for 10 years by Vodafone, while Huawei rented 2,500 sq. m for 5 years.

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