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Articles - transactions

Software company Misys, first tenant of Orhideea Towers in Bucharest, project developed by CA Immo

Investment fund CA Immo has pre-leased an area of 8,000 sq. m of offices in Orhideea Towers building to the financial software company Misys International Financial Systems, being the first tenant of the project developed near the metro station Grozăvești.

Unica Sport from the Republic of Moldova, first tenant of C building Skanska’s Green Court Bucharest

Swedish company Skanska attracted its first tenant for the third building in the office complex Green Court Bucharest, Unica Sport, which rented an area of 630 sq. m for a gym, to be opened in June, the estimated completion date of the project.

GTC paid EUR 18.1 million to be sole owner of City Gate Northern Bucharest

Real estate developer GTC took over the entire office project City Gate in Piața Presei Libere from Bucharest, through the acquisition of 41.1 pct. of the shares, owned by the Cyprus investment Bluehouse Capital, for EUR 18.1 million.

Volksbank sold downtown Bucharest office building to Azeri company

Austrian Volksbank sold for approx. EUR 5 million an office building downtown Bucharest, near Cathedral Plaza, to the company NIS Imob, controlled by the Azeri Socar’s management, according to ZF information.

Richest Czech enters Romanian real estate market with the acquisition of Metropolis Center office building in Bucharest

The Czech Petr Kellner, with a fortune of 11 billion dollars, buys the office complex Metropolis Center in Dorobanţi area of Bucharest from Austrian Soravia, according to ZF.

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.
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