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Articles - transactions

Horatiu Florescu, The Advisers/Knight Frank: 2014 will be a year of pre-leases

The office pre-leases will register a revival in 2014, says Horatiu Florescu, the president of the company The Advisers/Knight Frank, in the context that in 2013 the volume of office pre-leases has decreased substantially compared to 2012, representing only 9% from the total transacted area.

Charles de Gaulle Plaza, EUR 70 million `transfer` between two GLL funds

Charles de Gaulle Plaza, the office building dominating the entrance in Herastrau Park from Aviatorilor Blvd. in Bucharest, was sold in the end of last year by Accession Fund, a fund managed by the German company GLL Real Estate Partners, to another fund in GLL portfolio in a transaction of nearly EUR 70 million, according to ZF information.

Mergers and acquisitions worth EUR 1.2 bln in Romania last year

The total value of mergers and acquisitions in Romania over the past year rose to approx. EUR 1.18 bln, a similar value to the one achieved in 2011 and a small drop compared to 2012, according to ”Emerging Europe: M&A Report 2013/14″, a study conducted by CMS and Deal Watch.

Endava pre-leased 40% of the third office building in AFI Park

AFI Europe Romania signed the first lease in the third building in the office project AFI Park. The IT company Endava rented 40% of the rentable area in the office building AFI Park 3.

AFI develops additional 27,000 sq. m offices in Bucharest

AFI Europe Romania will start in the first quarter of this year the construction of additional 27.000 sq. m to the rentable area within AFI Park 4 and AFI Park 5 in Bucharest.

25th floor penthouse sold in Bucharest for EUR 372,000

An apartment located at the 25th floor in the high-rise apartment tower complex Asmita Gardens in Bucharest has been sold for EUR 372,000, announced Euro Insol, the project’s judicial administrator. The buyer is Mark Hoddinott, an expat.

One of the biggest landlords in Bucharest bought the ground floor in Mario Plaza

The company Romconsulting, the owner of several commercial and office buildings in Bucharest , including the Grand Offices office building on Calea Floreasca, has bought the ground floor of Mario Plaza commercial centre in Calea Dorobanţilor from the entrepreneur Lăcrămioara Dumitrescu.

Most surprising rent transaction of the year - Biggest beerhouse in Eastern Europe, set to open in 2014 in Bucharest

Following an investment of over EUR 2.5 million, Pavilion H will become by next summer the biggest beer hall in Eastern Europe. eMag owner, Iulian Stanciu, is behind the initiative, along with two other Romanian entrepreneurs, writes b365.ro.

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