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Articles - real estate investments

First development phase of The Office inaugurated in Cluj Napoca

The first development phase of the most important office building project outside Bucharest was inaugurated in Cluj Napoca. Ovidiu Sandor and NEPI financed the project, which offers in its first phase 19,000 square meters out of a total of 54,000.

The office market was the least affected by the crises

The office market was the least hit by the crises in the entire real estate sector in Romania, registering last year record level considering the transactions (approx. 300,000 sq. m, with 22 pct growth compared to 2012) and the new deliveries (120,000 sq. m, with 2.5 times growth).

BCR successfully bids EUR 50 mln for Silver Mountain project

The real estate project Silver Mountain based in Poiana Brasov along with a piece of land near Snagov lake were acquired by BCR for around EUR 52 million in a tender organized on May 23 by Euro Insol, the judicial liquidator of INR Management Real Estate.

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.

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