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Articles - acquisitions

IKEA buys land in Bucharest to open second store in Romania

IKEA purchased on Friday the land for the construction of the second store in Romania, also in Bucharest, in the Pallady Boulevard area in District 3, announced the Swedish retailer of furniture and decoration, according to Mediafax.

Secure Property Development buys EUR 18 mln assets in Romania

Investment fund Secure Property Development has completed the acquisition of a 24.35% stake in the Delea Noua office building in Bucharest, which hosts Romania’s communications authority ANCOM, as well as several apartments.

Kaufland pays EUR 2 million for plot in Bucharest

Turkish investor Ahmet Buyukhanli, the owner of Opus Land Development, has signed an agreement for the sale of a plot in northern Bucharest to German retailer Kaufland. The price tag is of over EUR 2 million, reports local Capital.ro.

French retailer Carrefour ponders taking over the local operations of supermarket network Billa.

Mega Image also considered the transaction, but withdrew from the race. The deal could amount to EUR 70-90 million, according to market sources, cited by local Ziarul Financiar.

Cypriot fund buys real estate in Romania

Cyprus-based investment fund Secure Property Development & Investment recently bought the Praktiker store in Craiova, a part of the Delea Noua Office Building in Bucharest and houses located on the Grivita lake and in the south of Sofia, Bulgaria.

Czech developer invests EUR 15 mln in logistics park in Romania

Czech developer CTP will invest up to EUR 15 million this year in the soon-to-be-acquired logistics park Cefin Arad, which is in liquidation.

US funds to buy into real estate developer active in Romania

US bond mutual fund PIMCO and investment group Griffin Real Estate want to buy a 41.55% stake in the Polish real estate company Echo Investment, from Polish investor Michal Solowow, the third richest Pole.

Russian & German buyers want 15 pct stake in Immofinanz

Russian company O1 Group and German CA Immobilien Anlagen ponder buying a minority stake in the Austrian group Immofinanz, the largest owner of office buildings in Romania.

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