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Office Market News

Pavăl brothers take Dedeman in a town with only 18,000 inhabitants

DIY company Dedeman, owned by businessmen Adrian and Dragoş Pavăl from Bacău, invested EUR 7.5 million for the opening on Friday, 27th of September, of a store in Comăneşti, Bacău district, a town with a population of 18,300 inhabitants, according to last census from 2011.

Dutch company to buy three office buildings in Romania

Meridian Properties, company registered in Netherlands, plan to list to Warsaw Stock Exchange in order to attract the funds for real estate assets acquisition in Emerging Europe, including three office buildings in Romania - Astoria Business Center, Olympia Tower and Victoria Center.

Total number of active companies, highest level registered since 2009

The total number of active companies in Romania has exceeded for the first time 714,000 at the end of August, with 2.7% growth compared to 2012, shows the data get by ZF from the Trade Registry.

Adama completed a new residential building in Titan

Real estate developer Adama, fully owned by Austria’s Immofinaz Group, finalized the construction works and the delivery of the apartments from the second phase of the residential project Evocasa Optima situated near 1 Decembrie metro station in Bucharest.

Blue Tower building in Colentina, up for bid again

Judicial liquidators of Copper Beech, the developer of the Blue Tower complex in Colentina district of Bucharest, a project still not completed, have put on auction sale again the building.

Papalekas to buy Bîlteanu’s share of Tower Center office building in Victoriei Square

Globalworth, a company founded by the Greek businessman Ioannis Papalekas, listed on the AIM market at London Stock Exchange, will complete in six months the full taking over the Bucharest office building.

Bank of Cyprus bought its own Marriott shares

The company Unknownplan Properties Limited, registered in Cyprus and represented by Georgios Christoforou – former general manager of Bank of Cyprus Romania – has bought for EUE 13 million 35% of the shares in Societatea Companiilor Hoteliere Grand (SCH Grand), the owner of the five stars hotel JW Marriott in Bucharest, shares owned by ONT Carpaţi, in bankruptcy.

Gheorghe Iaciu to launch an acquisition offer for Impact – EUR 4.4 million for 61.9% of shares

Businessman Gheorghe Iaciu, the owner of 38.05% of Impact Developer&Contractor (IMP), will launch an acquisition offer for the real estate developer, intending to buy 61.95% of its capital for 19.61 million lei (EUR 4.4 million).

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