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Articles - real estate investments

The market wakes. Real estate investors are here, but they are not opening yet their wallets

Real estate investors started entering Romania, but there are not opening yet their wallets, has declared Dietmar Reidl, operational manager within Immofinanz Group; however the real estate consultants consider that there will be transactions in the next months on the local market.

Pheonix Real Estate sold the logistics park in Clinceni, rented by Nestle, for EUR 12.6 million

Greece’s Phoenix Real Estate has completed the sale of Innovations logistics park near Bucharest to the investment company Secure Property Development & Investment, for EUR 12.6 million.

S Group delivers EUR 57.5 mln Green Gate project, seeks land for new office project in Bucharest

Czech real estate developer S Group officially delivered this Thursday the EUR 57.5 million Green Gate office project in Bucharest.

Republica Warehouse to be transformed into a scientific park

Bucharest Sector 3’s City Hall intends to buy Republica Warehouse in order to develop a scientific park in the sector, according to a release of the local authorities.

Papalekas to buy new distressed office projects the following year

Globalworth, the fund controlled by the businessman Ioannis Papalekas, intend to add new real estate assets in its portfolio in the next year and a half, the company being mainly interested in offices with financial problems in Bucharest, according to Dimitrios Raptis, deputy executive manager within the company.

How much values nowadays the most expensive land in Bucharest, bought before the crises

The seven hectares land near Romexpo in Bucharest (60,798 sq. m), bought by a joint-venture for EUR 72.9 million from Compania Industrială Griviţa in 2007 is the most expensive transacted plot before the crises.

Cluj: EUR 6 million investments for a business support centre

City Hall in Cluj-Napoca signed the contract for the development of TEAM centre with the comonaies TCI Contractor General , Valdek Impex and Ianus SRL, an investment of nearly 27 million lei (more than EUR 6 million).

Romania’s new retail supply hits 9-year low in 2014, says JLL Romania

Only two modern retail schemes will be delivered in Romania this year totaling 62,000 sqm, according to a recent report from JLL Romania. This is the lowest level reported since 2005, according to the real estate service firm.

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