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Articles - investitii imobiliare

Office development possibilities in Zagreb and Belgrade

Zagreb and Belgrade are generally viewed as offering office development possibilities despite being at different points in the development cycle. Belgrade has close to zero vacancy with limited stock while Zagreb has high vacancy and an “overheated” office market. Development opportunities are anticipated with an economic upturn in the Croatian economy in the next 2-3 years.

Strong start for European commercial real estate investment market in 2014

Improved investor confidence and lending conditions, as well as notably increased activity from opportunistic investors in recovering markets, led to a strong start for the European commercial real estate market in 2014, according to the latest research from global property advisor CBRE.

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.

QFort invests EUR 25 mln in a residential project in Craiova

Stefan Cherciu will invest EUR 25 million in a residential complex with 235 apartments about to be built in central Craiova. Stefan Cherciu owns Casa Nostra, manufacturer of Q-Fort thermal insulation systems.

Epstein will invest EUR 40 million in total in Romania

Epstein owns projects worth of EUR 40 million in Romania currently in development, a similar level to the one reached last year. One of the contracts the American construction firm has on the roll is a new factory, where Aversa will relocate in the future.

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.

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