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Articles - achizitii

White Star acquires AIG real estate platform

AIG has announced that it has sold 100 percent of the interests in the joint-venture management company formerly known as AIG/Lincoln to White Star.

TPG buys TriGranit for more than 500 million euro

U.S. private equity firm TPG has agreed to buy Hungarian real estate developer TriGranit and its more than 500 million euros ($547.95 million) worth of commercial property assets in Central and Eastern Europe, TriGranit said on Monday.

Romania’s economic growth supports property market development in Q2 2015, says JLL

A report by Jones Lang LaSalle (JLL) covering Romania and Bucharest’s property market shows an upward trend based on the country’s economic growth, which in turn led to more solid investments in the market.

Secure Property bought Praktiker Craiova for EUR 6.1 million

Investments fund Secure Property Development & Investment has completed the acquisition of Praktiker store in Craiova from Cyprus’s fund Bluehouse Capital for EUR 6.1 million, a price 39 pct. lower than the acquisition price paid by the seller four year ago.

CA Immo bought EBRD’s shares in Europe House and River Place offices

Austrian group CA Immo, which owns several office buildings in Bucharest, with a total area of approx. 100,000 sq m, bought back the minority stakes of the EBRD in several properties in Eastern Europe, including the office buildings Europe House and River Place in Bucharest.

AFI buys 40,000 sqm in Brasov for retail and office spaces

AFI Europe Romania has bought a 40,000 square meters (sqm) plot in Brasov, where it plans to develop a shopping mall and an office project forecast to be finished in October 2017, announce company representatives.

South-African fund Investec owns 5 pct. of the owner of Promenada and Mega Mall

Investment fund Investec Asset Management reached 5 pct. shares in real estate fund New Europe Property Investments (NEPI), the owner of the commercial centres Promenada and Mega Mall in Bucharest and of other assets such as office buildings and retail projects.

Americans started shopping in Romania

The reduction of interests and bonds’ yields has determined the investors to pump money in riskier assets. The Americans are headliners in Europe and for the first time, the Romanian market is accessed by the largest funds in the US.
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