Articles - acquisitions

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.

Portland Trust agreed with CTP the sale of Bucharest West

Real estate developer Portland Trust, found by British Robert Neale, reached an agreement with Dutch CTP for the sale of Bucharest West logistics park.

GLL buys Floreasca Park and Victoria Center for nearly EUR 120 million

German real estate assets management company GLL Real Estate Partners, the owner of the office building Charles de Gaulle Plaza in Bucharest, comes back on the Romanian market after almost 10 year, with two new acquisitions with a total value of nearly EUR 120 million, Floreasca Park and Victoria Center, have declared for Profit.ro sources in the real estate sector.