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Papalekas increased its real estate portfolio to nearly EUR 1 billion through the acquisitions in 2015

The real estate development company Globalworth, founded and leaded by Ioannis Papalekas, has increased with nearly 55 pct. its portfolio value compared to 2014, reaching an estimated value of more than EUR 930 million in the end of last year, according to the company report published on London Stock.

Anchor Grup launches a new building within InCity Residences

Anchor Grup has launched for sale a new building within the residential project InCity Residences in Bucharest, situatd in the proximity of București Mall, on Calea Dudești.

Romania sees 6.5% annual growth in the number of real estate deals

Romanians concluded almost 212,000 real estate deals in the first quarter of this year, 6.5% more than in the same period last year, according to the National Agency for Cadaster and Registration (ANCPI).

Ovidiu Şandor, ModaTim Investment: Romania needs local entrepreneurs

Romania needs local entrepreneurs, representing the resource which could carry forward the country, considers Ovidiu Şandor, the president of the real estate development ModaTim Investment Timişoara.

Larger companies threatened by insolvency in Romania

A study by CITR shows that over 50 percent of companies of impact in the Romanian economy (having assets exceeding EUR 1 million) are in difficulty. Although the number of insolvency cases has declined in the past three years, over 50 percent of companies falling into insolvency reported a double loss and an increase in indebtedness in 2015 over 2014.

A magnificent seven for CBRE at the 11th annual SEE Real Estate Awards

EuropaProperty has successfully completed its 11th annual SEE Real Estate Awards at the Radisson BLU Hotel in Bucharest, Romania. The awards gala was a great success and was well received by all winners and their guests.

GTC bought two office buildings in Piaţa Victoriei: Premium Point and Premium Plaza

Real estate company GTC (Global Trade Centre), the developer of projects in Bucharest such as America House in Piaţa Victoriei or City Gate towers in Piaţa Presei, bought the office buildings Premium Plaza and Premium Point, according to sources close to the transaction.

Office buildings ground floor, new attraction for retailers

Office developers are beginning to integrate retail concepts in buildings’ ground floor, in order to meet the employees’ needs for shopping or recreation outside office hours, also aiming to be more attractive on a busier office market where the companies are increasingly demanding.

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