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Discount sale of Deutek dye producer by Advent to rival Axxess Capital

Investment fund Advent International, active on the local market for over 15 years sold the dye producer Deutek to a „rival“ fund of the company Axxess Capital in one of the most important transactions on the construction materials market this year.

Italian owners of Winmarkt network invest in renovation

The market value of Winmark stores network together with an office building, owned in Romania by Immobiliare Grande Distribuzione (IGD) has decreased with EUR 1 million in six months.

Online retail sales double

Online retail sales increased by 141 percent between January and July 2013 compared with the same period last year, according PayU, the online payment company. Retailers selling books, electronics, household appliances, IT&C, flowers, toys, gifts, and clothing reported the biggest gains.

Real stores close for reconversion to Auchan

Five Real stores in Bucharest and countryside will close on Monday for inventory. It is the first sign that the rebranding process of the former hypermarkets owned by Metro Group is starting, after the French Auchan took them over.

Spanish group Ibiza to develop new Bucharest office building with EU funds

Spanish group Ibiza House, the developer of 400 villas and apartments in Northern Bucharest, is currently building its first office building, named Remus Business Center, partly financed from EU funds.

NEPI attracted EUR 11.4 million through a placement of shares

South-Africa’s fund New Europe Property Investments (NEPI), one of the most active real estate investors on the Romanian market in the last years attracted nearly EUR 11.4 million through a placement of new shares.

Cluj, the district with biggets number of industrial parks in the country

Five parks already functional and another one under construction brought more than half a billion Euros investments and created over 5,000 jobs.

Real estate environment in Romania became more stable for transactions

Real estate environment became more stable for transactions, also seen in the optimistic trend Romania started this year, the transaction values going to register the highest level of the last years, shows a report of EY - Global Capital Confidence Barometer.

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