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Articles - acquisitions

Gijs Klomp: Sunt multi investitori din Europa si SUA care se uita la Romania

Romania is a market with increasing attractiveness for the foreign investors, as the experiences of other large players in the market were already positive. The market effervescence, the growing number of developers, as well as the big names entering the market in latest years, make Romania the ideal place for real estate investments, pundits believe.

NEPI to acquire Shopping City Sibiu from the Argo Group

NEPI has concluded an agreement to acquire Shopping City Sibiu, in Romania, from the Argo Group. The shopping centre currently has a Gross Lettable Area (“GLA”) of 79,100m2.

Real estate transactions value in Romania registered 30 pct. growth in the first quarter, up to EUR 180 million

Real estate transactions value in Romania in the first quarter reached EUR 180 million, with more than a half, EUR 96 million, represented by office projects sales in Bucharest, shows a study of JLL.

New Kopel has between EUR 3 and 6 million for office building acquisition in Bucharest

New Kopel group, with businesses on the local auto market, including sales, operational leasing and rent-a-car services and a turnover of EUR 25 million registered last year, has planned an investment of EUR 3-6 million on the local real estate market, the company being attracted by the yields of 7.5 pct. on the market, the biggest in Central Europe.

AFI bought 4 ha plot in Braşov for a mixed-use project, including retail and offices

AFI Europe Romania has completed the acquisition of the plot of 40,000 sq. m in the centre of Braşov city, in Romania, where it plans to develop a mixed-use project, including the shopping centre AFI Palace Braşov and the A class office project AFI Park Braşov.

GTC paid EUR 18.1 million to be sole owner of City Gate Northern Bucharest

Real estate developer GTC took over the entire office project City Gate in Piața Presei Libere from Bucharest, through the acquisition of 41.1 pct. of the shares, owned by the Cyprus investment Bluehouse Capital, for EUR 18.1 million.

Volksbank sold downtown Bucharest office building to Azeri company

Austrian Volksbank sold for approx. EUR 5 million an office building downtown Bucharest, near Cathedral Plaza, to the company NIS Imob, controlled by the Azeri Socar’s management, according to ZF information.

Richest Czech enters Romanian real estate market with the acquisition of Metropolis Center office building in Bucharest

The Czech Petr Kellner, with a fortune of 11 billion dollars, buys the office complex Metropolis Center in Dorobanţi area of Bucharest from Austrian Soravia, according to ZF.
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