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Articles - transactions

Umbrarescu buys Romtelecom building for EUR 4.5 million

Dorinel Umbrarescu finished a transaction last week for a building bought from Romtelecom for EUR 4.5 million. The building is located at the intersection between Stefan Cel Mare and Calea Floreasca and it was one of the most important assets in the Romtelecom portfolio with 8,000 sqm.

Portland Trust, in negotiations with Italy’s Nusco for a plot in Floreasca area

Portland Trust will no longer expand the office complex Floreasca Park, investment which should have been carried out on a plot owned by the businessman George Becali, though the company intends to buy a plot in Barbu Văcărescu – Floreasca area from the Italian group Nusco, for another office project.

Office market 1st quarter: the demand is up by 13% in Bucharest and 50% in the rest of the country

The office area transacted in the first quarter of this year has increased both in Bucharest and in smaller cities in the country, such as Timisoara and Cluj-Napoca, mainly due to the development of the IT&C companies, which continue to recruit thousands of employees and to occupy new floors in business centres.

Office preleases up to 30% of the market in first quarter

The office prelease transaction volume in Bucharest has spectacularly increased in the first quarter compared to the similar period of 2013, representing over 30% of the rented area in the analyzed period, an evolution which shows a recovery of the interest in the local market, Mediafax writes.

Office Depot expands its offices in Cluj

Office Depot, services and solutions supplier for working spaces has extended its lease in the office building Iulius Business Center in Cluj, expanding its area with 700 sq. m, to 4,500 sq. m.

Transilvania Insolvency House sold in March assets of EUR 10 million

Transilvania Insolvency House (CITR) ended March with sales of the real estate assets totaling approx. EUR 10 million.

Cosmopolis owners bought a land on Barbu Văcărescu St. for a residential building development

Turkey’ Buyukhanli family, the developer of residential complex Cosmopolis in Ştefă­neşti village, northern Bucharest has recently bought a land of more than 2,000 sq. m on Barbu Văcărescu St. in Bucharest, with the intention to start this year the construction works for a building with approx. 100 apartments.

Leroy Merlin, interested in buying 3 Baumax units and an OBI store

French retailer Leroy Merlin would be interested in buying several Baumax and OBI units in Romania. The two home improvement retailers recently announced they are going to leave the local market, on account of losses suffered in the region, according to wall-street.ro sources.

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