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Articles

IMMOFINANZ announces the acquisition of 26 pct. of shares in CA Immo and the beginning of the merger process between the two companies

With share purchase agreement dated 17 April 2016, IMMOFINANZ AG has agreed to acquire 25,690,163 bearer shares (corresponding to a participation of approximately 26%) in CA Immobilien Anlagen Aktiengesellschaft (“CA Immo”) from Terim Limited (Cyprus) and 4 registered shares in CA Immo from O1 Group Limited (Cyprus).

Sema Parc – An important landmark on the new office axis Semanatoarea-Orhideea-Politehnica in Bucharest

Sema Parc is one of the first office and industrial destinations in Bucharest. Considering its location, as well as the quality of the additional services offered, Sema Parc is definitely one of the most representative industrial parks in Bucharest. Developed on a part of Semănătoarea factory platform, Sema Parc offers its tenants all necessary facilities for commercial, office, storage or production activities.

Foreign direct investment, down 13% year-on-year in Romania

Foreign direct investment totaled EUR 354 million in the first two months of the year, down by 13.4% compared to the ones recorded in the first two months of 2015, according to data from Romania’s National Bank (BNR).

Olympia Tower office building in Bucharest’ Piaţa Muncii, on sale

Bluehouse Capital tries to make its third exit after selling Victoria Center and Bucharest City Gate in the last year. They received a total of EUR 45 million.

EY: Romania M&A market came fourth in region last year. One deal in top 10

The local market for mergers and acquisitions (M&A) registered deals worth USD 3.6 billion last year, ranking fourth in the region, according to a report by professional services firm EY.

Residential market is up in Orhideea-Politehnică area in Bucharest, due to new office developments

The new apartments offer in residential compounds situated in the area Orhideea – Politehnică in Bucharest has exploded, as the plans announced by the office developers started taking shape. There are eight large office projects in different phases of construction and planning, developed by CA Immo, Forte Partners, Sema Parc and Vastint (Ikea), totalizing more than 170,000 sq. m office spaces and being scheduled for delivery starting with the second half of 2016 by 2018, according to data analyzed by ESOP.

Young Romanians under 25 may be exempt from tax on salaries

Young people under 25 may be exempt from paying the tax on salaries for three years, similar to the current model applied only to IT employees, according to a draft project debated in the Parliament.

Skanska Recognized by the Jury of CEEQA Awards 2016

Skanska continues its winning streak at the most important events of the commercial real estate market. During this year’s CEEQA Awards ceremony, Skanska Commercial Development Europe won the highest number of awards among all developers – the company was recognized with four awards in key categories.

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