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Banca Transilvania Acquires Volksbank’s Romanian Unit
Romanian lender Banca Transilvania (TLV. RO) Wednesday said it approved the acquisition of Volksbank Romania, the local unit of Österreichische Volksbank en AG.
Auchan Completed Takeover Of 12 Shopping Galleries In 3Q, In EUR261M Deal
Auchan has completed the takeover of 12 shopping galleries near its hypermarkets in the third quarter, following a EUR261 million deal, one of the largest deals on the Central European retai...
Globalworth Buys Skanska’s First Building Of Green Court Office Compound In EUR44M Deal
Globalworth Real Estate Investments, founded by Greek businessman Ioannis Papalekas, has acquired from Swedish-held Skanska Romania the first building of the Green Court office compound in B...
Luxembourg Investment Fund Buys EUR1.2M Real Estate Assets In Bucharest
Luxembourg-based investment fund Tavirama has bought two retail spaces and one luxury apartment in Bucharest for EUR1.2 million, its first transactions on the Romanian market, where it plans...
Land Prices In Bucharest: From EUR70 To Over EUR800/Sqm
The price of land in Bucharest currently stands at about EUR70/square meter for large plots in areas like Soseaua Alexandriei or behind the plots bordering the boulevard in the Pallady area...
Two Romanian Investors Buy Policolor Plant Site To Build 6,000 Homes
Two investors that have built and sold about 1,500 homes in Popesti Leordeni, south of Bucharest, in the last five years have struck a deal to buy the site of Policolor paint plant on Theodo...
DTZ: Romania’s Real Estate Market To Attract New Institutional Investors Soon
The Romanian real estate market will soon attract new institutional investors, following the resurgence of deals in markets like the UK, France, Germany and Ireland, Spain and Italy, where s...
Ion Tiriac Pays EUR2M To Ioan Rus For 15% In Car Dealer
Romanian businessman Ion Tiriac has increased his stake in Cluj-based car dealer RMB Inter Auto, which he owns together with the current transport minister Ioan Rus, from 55% to 70%, accordi...
20 Companies Rented 74,000 Sqm Of Office Space In H1
The 20 largest office space rental deals in Bucharest in the first half of the year were signed for about 74,000 square meters, or 3.5% of the 2.1 million square meter stock in the city, acc...