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Articles - transactions

TC Capital leases office spaces to Shikun&Binui and Danya Cebus, in Hyperion Towers

TC Capital announces the signing of new leasing contracts with two international companies, Shikun & Binui and Danya Cebus, for approximately 700 sq m of class A office spaces in Hyperion Towers, located on Pipera Boulevard.

Large office transactions were signed only by IT&C and Financial companies in 2019

Seven large leasing transactions, with an area of over 10,000 sqm, completed in 2019, totaled an area of 104,520 sqm, which represents about one third of the total of new office rentals (leases, pre-leases and extensions) in Bucharest.

Czech investor becomes CPI PROPERTY GROUP Globalworth’s largest shareholder

CPI PROPERTY GROUP purchased 3,680,494 shares in Globalworth Real Estate Investments Limited through a broker.

The property investment volume will surpass the €1.1 billion mark in 2020

The real estate investments volume will exceed 1.1 billion euros this year, transactions over 700 million euros being already signed or in due diligence process.

Bucharest office rental market 7% up in 2019, new spaces demand 11% up in 2019 compared to 2018

In Bucharest, the transactions for renting office space have totaled an area of 385,800 sqm, which is 7% more than in the previous year, according to a study by ESOP Consulting. The market engine was the segment of the new demand, which reached 308,000 sqm, compared with 277,600 sqm, as it was in 2018. Renegotiations have decreased slightly.

Vigorous M&A activity in 2019 in Romania

The mergers and acquisitions (M&A) market has witnessed 110 transactions in Romania in 2019, the highest level in a decade. In 2018, the number of deals was 98 and in 2017,106.

The Vivion Investment Fund from Luxembourg bought the BCR Palace on University Square in Bucharest

Luxembourg's Vivion Investment Fund, controlled by brothers Isaac and Amir Dayan of Israel, bought the BCR Palace on University Square.

Bank of China to lease 800 sq m office space in City Gate

Bank of China, one of the largest banks in the world, in set up operations in Romania by leasing approximately 800 square meters of office space in City Gate.
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