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Articles - transactions

French group Sanofi to move its Romanian headquarters to Skanska’s Green Court office complex

French group Sanofi, one of the largest pharmaceutical groups on the Romanian market, will move its local headquarters to the Green Court office complex developed by Swedish group Skanska.

Immofinanz exits logistics market in Poland, Czech Republic and focus on Romania, Germany, Russia

Austrian group Immofinanz, one of the largest property investors on the Romanian market, sold two logistics projects in Poland and the Czech Republic for EUR 33.2 million, and announced it will focus on developing such projects in Germany, Romania and Russia, the company’s representatives said.

Mergers & acquisitions on the up in Romania thanks to international deals

The mergers and acquisitions market in Romania will go up in the next 12 to 18 months, because of transnational deals, according to an EY report.

Rented offices reached 132,000 sq. m in H1, 27 pct. growth compared to 2013

The office area transacted in Bucharest in H1 2014 totalized 132,000 sq. m, with 27 pct. growth compared to the similar period of last year, most of the transactions being completed for existing buildings, respectively 40 pct of the total.

Hochland relocate its Bucharest office to Magheru One

German group Hochland, with a turnover exceeding EUR 49 million on the local market last year, rented 470 sq. m within the office building Maghe­ru One downtown Bucharest, where it will relocate its sales, marketing and supply chain departments which are currently hosted by a building in Floreasca area.

Total level of the real estate investments, 222 pct growth in H1

The level of the real estate investments (transactions with real estate projects) for the first half of 2014 reached EUR 402.4 million for a transacted area exceeding 692,000 sq. m.

The number of transactions with lands has increased in H1, and the value reached over EUR 50 million

The number of transactions with lands for real estate developments, retail and production spaces has increased this year, registering 15 large transactions nationwide, totalizing 630,000 sq. m, with a value exceeding EUR 50 million, according to the real estate consultant CBRE.

Bucharest’s largest office transactions in H1 2014

The mobile phone operators Voda­fone and Orange were the protagonists of the most important transactions on the office market in the first semester, signing leases for spaces situated within two office buildings in construction in Barbu Văcărescu – Floreasca area, where they will relocate approx. 3,000 employees.

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