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Articles - transactions

Gheorghe Iaciu bought Moldova Mall in Iaşi and plans partial office reconversion

The businessman Gheorghe Iaciu, who has strongly invested in stock in latest years, taking over important shares in SIF Muntenia and in real estate developer Impact, also has bought early this year the commercial centre Moldova Mall in Iaşi with the intention to reconvert half of the project to office spaces.

Praktiker sold its Romanian operations

Praktiker’s sale of its Romanian branch was concluded on February 24 per the company’s press release. Search Chemicals, a Romanian company funded in 2003, bought the 27-store network that Praktiker had in Romania. The transaction will not affect Praktiker’s field of activity.

Vodafone to relocate next year to Bucharest One

The mobile phone operator Vodafone, with annual turnovers of EUR 800 million and approx. 3,300 employees on the local market will relocate next year its Bucharest quarters to the office tower Bucharest One, currently developed by the Greek businessman Ioannis Papalekas between Pipera passage and Promenada mall in northern Bucharest.

Papalekas completed the acquisition of Tower Center International office building in Bucharest

The real estate portfolio of the businessman Ioannis Papalekas has increased with a new asset: the second tallest building in Bucharest.

Good signs for the office market in 2014

2014 starts optimistically in real estate, the dynamism is growing on the office market, says Ilinca Paun, the head of Colliers, a real estate consultancy company with 4.5 million dollars turnover registered last year.

Schneider Electric Romania, first tenant of Green Court Bucharest

Schneider Electric Romania has leased approximately 3,100 sqm of office space in the first building of Green Court Bucharest, the office project developed by Swedish Skanska in the Barbu Vacarescu area of the capital.

Transilvania Bank acquires Casa Alba

Transilvania Bank bought the “Casa Alba” mansion in Cluj-Napoca from Josef Goschy last week for €900,000.

PwC: Real Estate set to rise this year in Romania especially on the office segment

Real estate transactions in Romania will grow slightly in volume this year, especially on the office space segment, while Dublin, London and the main cities in Germany are the most attractive markets to investors, according to a PwC report released Thursday.

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