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Articles - land transactions

Sale of properties under EUR 100,000 won’t be taxed anymore in Romania

The sale of houses and plots will be exempt from taxes if their value is up to RON 450,000 (EUR 100,000).

Global Finance sold former Automatica factory plot, on Bucharest’s Calea Floreasca

Investment fund Global Finance, through its real estate division, sold the land of the former Automatica factory situated on Calea Floreasca in Bucharest to the French group Auchan and One United, a company specialized in luxury residential projects and to a company specialized in offices, according to sources in the market.

Romanian brick producer sells two plots to Dedeman for EUR 1.6 mln

Local brick producer Cemacon Cluj will sell two land plots to DIY retailer Dedeman for RON 7 million (EUR 1.6 million).

Hanner enters the office segment in Romania following land acquisition in Grozavesti area

Hanner Holding, the developer of several residential projects in Romania, plans to expand in the office segment after acquiring part of the land plot of the former Grivita Beer Factory, in center-west Bucharest.

Founders of Capital Partners bought a plot of EUR 6 million in Bucharest from Forte Partners

One United Properties, a company controlled by Andrei Diaconescu and Victor Căpitanu, two of the founders of Capital Partners (currently BT Capital Partners), bought from Forte Partners a plot of 8,200 sq. m situated on Barbu Văcărescu St., across the road from Verdi Park in Bucharest.

P3 bought land near Bucharest in its second real estate transaction this year

Real estate developer P3, specialized in logistics and industrial facilities development, bought a plot of 8.6 ha in Domneşti , near Bucharest. The acquisition price is about EUR 0.8 million, according to Capital magazine estimations.

DTZ: Land transaction, on the rise again in Bucharest: doubled value in the first quarter

The value of the transactions with land for commercial destination in Bucharest reached in the first quarter EUR 35 million, a double value compared to the same period of 2015, the largest operation being made by the Sweden’s investor Vastint, which bought 48 ha of land in Băneasa – Sisești for a mixed-use project (mainly residential), according to DTZ Echinox.

Radu Dimofte to sell part of the shares of a plot in Bucharest’s Kiseleff Road with EUR 4.5 million

Local businessman Radu Dimofte is selling part of the property right over a plot of land situated in 39 Kiseleff Road in Bucharest for EUR 4.5 million, plot owned by the company Wellkept Group. The land was previously occupied by a controversial historical villa demolished in 2010.

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