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Articles - achizitii

Papalekas took EUR 144 million from London for local market investments

Businessman Ioannis Papalekas, one of the most active investor in the local real estate market in the last years, attracted EUR 144 million on London Stock, funds to be used for investments, including for buying the office building UniCredit HQ in Bucharest.

CBRE: Romania’s commercial real estate investment volume up 256 pct in Q1 2014

Romania’s total commercial real estate investment volume reached EUR 302.7 million in Q4 of 2014, up 256 percent y-o-y, albeit from a low base, according to a CBRE report.

Umbrarescu buys Romtelecom building for EUR 4.5 million

Dorinel Umbrarescu finished a transaction last week for a building bought from Romtelecom for EUR 4.5 million. The building is located at the intersection between Stefan Cel Mare and Calea Floreasca and it was one of the most important assets in the Romtelecom portfolio with 8,000 sqm.

Portland Trust, in negotiations with Italy’s Nusco for a plot in Floreasca area

Portland Trust will no longer expand the office complex Floreasca Park, investment which should have been carried out on a plot owned by the businessman George Becali, though the company intends to buy a plot in Barbu Văcărescu – Floreasca area from the Italian group Nusco, for another office project.

Transilvania Insolvency House sold in March assets of EUR 10 million

Transilvania Insolvency House (CITR) ended March with sales of the real estate assets totaling approx. EUR 10 million.

Cosmopolis owners bought a land on Barbu Văcărescu St. for a residential building development

Turkey’ Buyukhanli family, the developer of residential complex Cosmopolis in Ştefă­neşti village, northern Bucharest has recently bought a land of more than 2,000 sq. m on Barbu Văcărescu St. in Bucharest, with the intention to start this year the construction works for a building with approx. 100 apartments.

Leroy Merlin, interested in buying 3 Baumax units and an OBI store

French retailer Leroy Merlin would be interested in buying several Baumax and OBI units in Romania. The two home improvement retailers recently announced they are going to leave the local market, on account of losses suffered in the region, according to wall-street.ro sources.

Kingfisher makes EUR 275m offer for Mr Bricolage, also present in Romania

Kingfisher has entered into exclusive negotiations with the principal shareholders of Mr Bricolage, the home improvement retailer, to acquire their shareholding, according to a press release from the British company.

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