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Ioannis Papalekas found the first tenant for Globalworth Campus, the company’s largest project

Real estate investment fund Globalworth, founded by the businessman Ioannis Papalekas, found the first tenant for Globalworth Campus, the largest office project to be built in its portfolio.

Czech group to buy the largest logistic park near Bucharest, Europolis Logistic Park

Czech company PointPark Properties, which is controlled by investment funds TPG and Ivanhoe Cambridge, is currently negotiating the acquisition of Europolis Logistic Park, the largest logistic development near Bucharest, according to Ziarul Financiar.

Colliers: New entries on the market will stimulate the office request in the next year

The first half of the year registered a revival of the tenants’ interest for new office spaces, and the new entries on the market are bringing even more optimism on this real estate segment, according to a study of Colliers International Romania.

EY study 'Romanian entrepreneurs' Access to Funding'

Over half of the companies in Romania have received funding over the past year, but bank credit, although it remains the most important source of funding, has decreased below 50% of the companies' preferences, whilst the share of funding from European funds has nearly doubled to 26%, shows the EY study 'Romanian entrepreneurs' Access to Funding.'

Policolor reaches agreement to sell industrial platform in SE Bucharest

Policolor, one of the largest players on the Romanian paints and lacquers market, announced on Thursday it initiated procedures to sell the terrain on Theodor Pallady, nr 51, in the south-western part of the Capital, where it currently operates its industrial platform.

EU Funds Ministry doubled its leased area in Tower Centre

The Ministry of European Funds nearly doubled the surface it’s currently renting in Tower Centre International, the office building owned by Ioannis Papalekas. The ministry rented nearly 3,900 square meters last year for EUR 1 million per year.

Enterprise Investors: Romania’s region, not attractive for investments by funds

Foreign investors are hard to convince to invest money in companies in Central and South-Eastern Europe, including Romania, and without Poland “the region is not sexy at all”, according to Cristian Nacu, managing director of Polish private equity firm Enterprise Investors in Romania.

Ericsson will hire 300 new people in its Bucharest Global Services Center

The Ericsson Global Services Center in Bucharest, with a current headcount of 1,900 IT and telecom experts, will grow by an additional 300 people by the end of the year.
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