Real Estate
BCR Buys Silver Mountain Residential Project For EUR49.7M
Lender BCR bought Brasov-based insolvent residential project Silver Mountain, developed by INR Management Real Estate, for EUR49.7 million, judicial administrator Euro Insol said in a statem...
CA Immo Sells 8,200 Sqm Plot Of Land In Bucharest To Real Estate Investor
Austrian group CA Immo sold an 8,200 square meters plot of land in Bucharest, where it had previously planned to build an office building, to investor Ionut Dumitrescu, founder of real estat...
Secure Property Buys Innovations Logistics Park For EUR12.6M
Investment company Secure Property Development & Investment acquired the Innovations logistics park in Bucharest, owned by Greek company Pheonix Real Estate, for EUR12.6 million, the company...
Allianz Rents Out Office Space In Northern Bucharest To Develop Services Center
Germany’s giant Allianz has rented out an office space of around 3,500 square meters in the Floreasca Park project, in northern Bucharest, in order to develop a global services center.
SIF Transilvania Fails To Sell Its 56.72% Stake in COMCM
Regional investment fund SIF Transilvania (SIF3.RO) did not find buyers for its 56.72% stake in construction materials producer COMCM Constanta (CMCM.RO), as the price was 25% higher compare...
Delta ACM Transfers Real Estate Operations To New Company
Bucharest-based construction company Delta ACM 93, controlled by businessman Florea Diaconu, will transfer part of its patrimony and the real estate operations to a new entity, Carpati Asset...
AFI Palace Cotroceni 1Q Revenue Up 6.7% To EUR7.3M
Bucharest-based shopping mall AFI Palace Cotroceni reported a 6.7% revenue increase in the first quarter, to EUR7.3 million, while its revenues are seen at over EUR29 million for the entire...
Czech S Group Wants To Rent Out Remaining 40% Of Green Gate Office Building In One Year
The 31,000-square meter Green Gate office building in Bucharest has been delivered with a 60% occupancy rate and its owner, Czech-held S Group Holding, plans to rent the remaining space with...
Number Of Companies Renting Office Spaces In Bucharest Up In 2014, Space Per Employee, Down
The number of companies interested in renting office spaces in Bucharest has been increasing this year, but the space per employee fell from 10 square meters/person to 5-6 sqm/person in cert...