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Articles - achizitii

Israeli fund buys 4% stake in Globalworth

Israeli investment fund Altshuler Shaham Group, which manages EUR 15 billion worth of assets, has acquired a 4.2% stake in the fund Globalworth Real Estate Investments, controlled by Greek Investor Ioannis Papalekas.

GTC assigns for acquisitions in Romania part of the EUR 188 million raised on stock

Real estate developer Globe Trade Centre (GTC), whose major shareholder is the American giant Lone Star, announced that it would use the nearly EUR 188 million attracted last month on Warsaw Stock for investments in office buildings and retails schemes in Poland and the capitals in the region, including Romania.

Romania, third in the region for value of real estate deals

Romania ranks third in Central and Eastern Europe for the value of real estate transactions in the first nine months of 2015, with transactions totalling EUR 600 million.

Skanska Romania acquires land in west-central area of Bucharest

Skanska Romania announced the completion of a transaction for a new plot of land in the west-central area of Bucharest.

Papalekas to attract EUR 35 million for investments

Businessman Ioannis Papalekas wants to attract EUR 35 million from the shareholders of the Globalworth, the company he controls, in order to finance new real estate projects acquisitions and the needed investments for the office buildings in development in Bucharest.

Globalworth to buy new assets of EUR 120 mln in Romania

Real estate developer Globalworth, controlled and managed by Greek investor Ioannis Papalekas, has signed in September agreement memorandums for buying a portfolio of 30 plots and completed buildings in Romania, as well as two office buildings, for a total of EUR 120 million.

This year’s acquisitions increased Globalworth’s debts with EUR 162 million

Globalworth’s debts, the company owned by businessman Ioannis Papalekas, have increased in the first semester with nearly EUR 162 million, to EUR 363 million, reaching 44.9 pct. of the portfolio’s value, following the real estate projects acquisitions made this year.

Real estate developer sells office building in downtown Bucharest

Real estate developer Plaza Centers sold the office building Palazzo Ducale to the company Long Bridge Electric TL, for EUR 1 million.

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