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Articles - transactions

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.

Allianz took office for service centre in Bucharest

Allianz rented approx. 3,500 sq. m in Floreasca Park, to be occupied in several phases.

Ericsson expands to 16,000 sq.m its offices in West Gate Bucharest

Ericsson Romania, local subsidiary of the Swedish telecommunications equipments producer, expands with 4,000 sq. m the office area occupied in Wes Gate business park, owned by Genesis Development in Western Bucharest. The area rented by Ericsson reaches 16,000 sq. m, while the contractual period extends by 2019.

JLL: Property investment volume, at a record EUR 337 M in Q1

The property investment volume recorded in Q1 2014 is estimated at a record EUR 337 million, higher than the total volume in 2013, according to Jones Lang LaSalle (JLL) Bucharest City report.

Yardi rented 3,000 sq. m offices in The Office project in Cluj. Over 50 pct. of the building is rented

American real estate software manufacturer Yardi rented more than 3,000 sq. m offices in The Office building, developed by NEPI and the businessman Ovidiu Sandor in Cluj.

Deal of the year, so far: Rhenus Logistics rents 14,000 sqm in Mercury Logistics Park

Rhenus Logistics made the move to Mercury Logistics Park, owned by Heitman investment fund near the Bucharest-Pitesti highway, where it rented 14,000 sq m, the biggest industrial land deal recorded in Romania this year, according to GS Capital Advisory.

Auchan wants to buy for EUR 19 million former Real building in Pitesti

Auchan Romania intends to buy the commercial space where is located the Auchan Gavana store in Pitesti. The hypermarket chain made an offer of EUR 19 million to the company Rolast in Pitesti, according to Rolast.

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