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Related news

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.

Second tallest building in Bucharest changes name

The office project Bucharest One developed by the Greek investor Ioannis Papalekas has been renamed Globalworth Tower.

Vodafone Shared Services Romania moves to City Offices and expands to 1,000 employees

Vodafone Shared Services Romania expands its activity and will exceed 1,000 employees by the end of 2016, from nearly 800 people currently, part of the team being relocated to the company’s new headquarters, in City Offices.

European Funds Ministry in Romania to relocate from Tower Centre International to the Parliament Building

European Funds Ministry will relocate from Tower Centre International building in Victoriei Square from Bucharest, owned by the businessman Ioannis Papalekas, as its lease agreement expired in the end of last year. The new headquarters of the institution will be the Parliament Building in Bucharest.

Papalekas: In 2-3 years problems could reappear on Bucharest office market

In 2-3 years problems could reappear on Bucharest office market, as there are more and more developments and the request will not keep up with the deliveries dynamic, said the businessman Ioannis Papalekas.

Globalworth acquires Unicredit HQ building for EUR 43 million

Globalworth Real Estate Investments, controlled by Greek businessman Ioannis Papalekas, bought office building UniCredit HQ from businessman Raul Doicescu, in a EUR 43 million transaction approved by the Competition Council.

Deutsche Telekom leases building in Globalworth Campus

Greek businessman Ioannis Papalekas and Telekom Romania Telecommunications, part of Deutsche Telekom Group, signed a 10-year lease agreement for 25,000 square meters in the first office building in Papalekas’ Globalworth Campus office development in northern Bucharest.

Biggest business park in Romania

According to market information, the Bog’Art constructions company has started last week to demolish the former administrative buildings of the Farmexim pharmaceutical group. In their place, Ioannis Papalekas will build the biggest business center in Romania.

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