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Articles

Shimon Galon left GTC after 15 years

„In two-three weeks I will launch my own business. I have no regrets. There are not many people in the real estate market with my accomplishments.“

Jones Lang LaSalle becomes JLL

Jones Lang LaSalle Romania is now JLL Romania after the global real estate giant has decided to change its name and logo.

Second closing for AEW Europe's LOGISTIS Fund

AEW Europe today announced that it has raised an additional €85 million in equity from both existing and new investors for the LOGISTIS Fund taking the total equity in the fund to €600 million. This equity raising is part of the LOGISTIS’s strategy of growing the Fund’s portfolio with a target to invest in new logistics assets in Germany and Benelux.

Real estate deals went up 8 pct in January

The number of real estate deals in Romania increased 8.2 percent on the year in January, to 59,701, the national cadastre agency ANCPI announced on Tuesday.

Signs of renewed interest in Romania

The question remains as to when Romania will regain its status as a popular destination for investors and developers with a yield premium on Central Europe and office and retail development opportunities in Bucharest and major regional cities.

Ared to start this year residential project in Timisoara

Real estate developer Ared, controlled by the businessman Alexandru Bercea, plans to start in 2014 the construction of a new residential project in Timisoara, including 150 apartments, has declared for WALL-STREET.ro Florin Mos, director de marketing si vanzari al Ared.

Argo’s Romanian centers drop in value

The shopping centers owned by the UK-based Argo Real Estate Opportunities Fund were assessed at €330m at the end of 2013, down by about €7m from the previous year.

60 pct of office space to be delivered this year still doesn’t have tenants

Real estate developers face the grim reality that 60 percent of the office buildings that they will deliver this year don’t have any tenants. Depending on the project, the level of free space ranges from 0 percent to 100 percent according to data centralized by Mediafax.
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