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Adamescu sells 3.6 pct of Unirea Shopping Center stake to stepson For EUR 0.5 mln

Romanian businessman Dan Adamescu has sold a 3.6 percent stake in Unirea Shopping Center to his stepson, Rani Palade, for RON 2.2 million (EUR498,400).

70,000 sqm of office space leased in Bucharest in Q3, says CBRE

The total amount of leasing activity (TLA) in Bucharest in the third quarter was of over 70,000 sq m, out of which take-up represented 80 percent, according to a CBRE report.

Skanska inaugurates first building in Green Court Bucharest

Real estate developer Skanska officially inaugurated the first building in the Green Court Bucharest project, 19 months after the start of the construction works. EUR 46 million have been put in this first phase of the project.

NEPI acquires Promenada Mall for EUR 148 million

South-African investment fund New Europe Property Investment (NEPI) paid EUR 148 million for the Promenada Mall in Bucharest to Raiffeisen evolution, which invested EUR 130 million in the project. The group paid cash from its own funds, writes Mediafax.

Luxembourg investment fund acquires EUR 1.2 mln real estate assets in Bucharest

Tavirama, a Luxembourg-based investment fund , has bought two retail spaces and one luxury apartment in Bucharest for EUR 1.2 million, the deals representing its first incursions on the Romanian market, where it plans to reach a portfolio of EUR 5 million by the end of next year, writes Mediafax.

Large residential project in Bucharest goes insolvent

A company that was planning to build 1,200 housing units within the Casablanca Residence in the Titan area of Bucharest went insolvent by bank request, according to Mediafax.

One million companies active on Romanian market

The National Trade Registry Office (ONRC) informs that the number of companies that have filed for insolvency in the first nine months of the year has dropped by 17.4 per cent to approximately 16,700, down from over 20,200 in the same period last year.

Lords LB Baltic Fund I sold its third investment portfolio asset

Lords LB Baltic Fund I sold its third investment portfolio asset - A class office building Metro Plaza in Tallinn (Estonia).

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