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Articles - transactions

Romania ranks fifth in CEE for real estate transactions in 2013

Investments in real estate acquisitions in Romania amounted to EUR 229 million in 2013, up by almost 25 percent compared to the previous year, according to a CBRE report cited by Mediafax.

Romanian real estate site Magazinuldecase.ro changes ownership

Sanoma Digital Romania, a subsidiary of Sanoma Romania, has sold the real estate site Magazinuldecase.ro to Adina Vasilescu, one of the company’s former digital publishers and Daciana Batrineanu, the general director ROL Online Network, according to Mediafax.ro

AEW Europe supports the development of Lola & Liza which expands on 1,100 sqm in Brussels

AEW Europe, as asset manager for Le Marquis, expands the Lola & Liza Group on 1,100 sqm at 1, Rue du Marquis in Brussels.

The Office Market in 2013: 22% Growth of Transacted Area

The rent transactions of the office spaces in Bucharest totalized in 2013 approx. 300,000 sq. m, with 22% growth compared to 2012, the relocations, the renegotiations and the renewals representing over 80% of the market, according to Esop Consulting.

Globalworth buys two Bucharest office buildings

Globalworth Real Estate Investments bought Tower Center International and Upground Tower in Bucharest for €152m in cash and shares.

Procter&Gamble extended its lease in Iride Business Park

Procter&Gamble has extended its lease in the office complex Iride Business Park, owned by aflat Immofinanz Group. Therefore, Iride Business Park will host five more years the headquarters of Procter&Gamble.

The Most Important Real Estate Events in 2013

The main players on the real estate market in Romania were the investment fund NEPI and the businessman Ioannis Papalekas.

Real estate acquisitions made by NEPI cover more than 60% of the total volume of the transactions

The total value of the real estate transactions reached in 2013 EUR 335 million, with 10% increase compared to last year. The acquisitions made by New Europe Property Investments (NEPI) fund represented more than two thirds of the total value of the transactions, Mediafax informs.

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