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Articles - office building sale

Adam America buys Phoenix Tower from Aberdeen Asset Management and Commerzbank

Asset fund manager Aberdeen Asset Management and German lender Commerzbank have sold the office building Phoenix Tower in Bucharest to New York-based Adam America, a developer and operator of residential real estate, for an undisclosed sum.

Alpha Bank took over Cubic Center office building in Bucharest

Cubic Center office building, developed by the businessman Dinu Patriciu, was taken over by Alpha Bank, in the account of its debts. The building is 31 pct. occupied, tenants including Agricover, Promidea, Nexte Bank, Patria Credit and Luatel.

The founder of Urgent Curier, ready to take over an office building in Floreasca, Bucharest

Sebastian Bă­lă­şescu, one of the founder of the company Urgent Curier, which merged over an year ago with Cargus is in advanced negotiations to take over an office building in Floreasca area, according to sources in the market.

Skanska starts works at two office projects on plots bought last year in Romania

Sweden’s Skanska Property Romania announced the beginning of works this year for two office projects, in northern and western Bucharest, which would be developed on plots bought last year.

Skanska signed deals worth 500 million Euro in three countries during 2015

In 2015 Skanska Commercial Development Europe signed final sale agreements for eleven office buildings located in three Central and Eastern European (CEE) countries, achieving a total transaction volume of nearly 500 million EUR for the year.

Cosmetics manufacturer Oriflame sold its Bucharest headquarters in Herăstrău area

Swedish manufacturer Oriflame, one of the largest players in the local cosmetics market considering its turnover, sold the building where the company’s employees had their offices, according to sources in the market.

Investors could buy in Bucharest cheapest offices in Europe

The office market in Bucharest is the cheapest in Europe, according to a study made by the real estate consultant Knight Frank in 20 European cities, considering the office area 100 million dollars could buy.

GTC, on the brink of buying two office buildings in Bucharest’s Victoriei Square

Real estate company GTC Romania is very close to take over the office buildings Premium Plaza and Premium Point, according to sources in the real estate market, the transaction being estimated at nearly EUR 30-40 million.

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