Real estate
Hornbach's business grew by 5.7% in the first half of 2017-2018, to 2.3 billion euros
The Hornbach Group maintains the trend of growth in the first half of 2017-2018. From March 1 to August 31, 2017, Hornbach Holding AG & Co. KGaA reported a 5.7% increase in turnover, to 2,310.3 million euros (compared with the same period of the previous year: 2,186.7 million euros). more »
EUR 17.1 mn transaction: CTP acquires a logistic park from UBM
CTP bought the The Chitila Logistic Park (CLP) from UBM Development in a deal valued at EUR 17.1 million. CLP has a strategically advantageous location and is well-connected to the west of Bucharest. The rentable areas span from 1,750 m² to up to 45,000 m² and can be used for storage, distribution and light industry activities. more »
October 06, 2017 09:20
The Belgian real estate developer Atenor has bought a new site of approximately 11,600 sq.m located in the North-Western part of Bucharest, in the Expozitiei/Piata Presei Libere area, that will allow the company to develop a new office project of approximately 44,000 m²....more »
September 29, 2017 15:45
The number of construction authorizations issued for residential buildings increased by 6.2% in the first eight months of 2017 compared to the same period of the previous year, to 27,605.Most of the authorizations are in the North-East region (+683), according to the National Institute of Statistics (INS). In the period mentioned, the growth of the number of construction authorization was reflected in the development regions: North-East (+683 permits), Bucharest-Ilfov (+680), Center (+292), South-East (+177) West Oltenia (+120) and West (28)....more »
August 23, 2017 15:45
Globalworth Real Estate Investments Ltd. announces the completion of the acquisition of the C building of the Green Court Bucharest office complex, developed by Skanska Romania. The transaction was made by acquiring 100% of the shares of the Epsilon Property Development Company S.R.L., the company that owned the asset, and has a value of approximately EUR 38 million, an amount paid to Skanska Romania....more »
July 12, 2017 15:20
The largest leasing transaction registered on the Bucharest office market was announced by Globalworth Real Estate Investments Ltd., with the acquisition of a 57,000 sqm land previously owned by Coca-Cola HBC Romania and the development of the new Groupe Renault Romania headquarters in Bucharest by Elgan Offices SRL, a company owned equally by Globalworth and Elgan Group (represented by Simon Roth)....more »
July 06, 2017 11:06
With a 4.8%-GDP growth in 2016 and the highest estimated growth rate in 2017 among EU member states, Romania has become an increasingly attractive destination for regional operations centers. The tax and legal regimes along with the geographic location, as well as the highly yet not so costly labour force are some of the key ingredients contributing to the country’s attractiveness, according to the Recipe for successful tax, law & real estate of regional operations centers in Romania report prepared by Deloitte Romania, Reff & Associates- Deloitte Legal together with Knight Frank.  ...more »
July 03, 2017 14:16
Globalworth Real Estate Investments Ltd. announced the acquisition of the "C" building of the Green Court Bucharest office building, developed by Skanska. The gross transaction value is estimated at 38 million euros, and the acquisition is scheduled for the third quarter of 2017. ...more »
June 26, 2017 13:08
Mitiska REIM, the Belgian real estate investment and fund management firm, announced the acquisition of the Alpha Property Development portfolio, consisting of 11 income producing retail parks and 3 development opportunities. The acquisition was made on behalf of Mitiska REIM’s institutional fund, First Retail International 2 (FRI 2). The existing properties are all multi-tenanted and anchored by either Lidl and/or Kaufland. The portfolio comprises a total of 55,000m² GLA and is fully leased to strong local and international brands such as Deichmann, Takko, and Pepco...more »
June 19, 2017 09:55
Investment fund Atterbury Europe acquired 50% of the shares of Iulius Group, one of the largest Romanian real estate developers focusing on shopping centers and office buildings. The transaction between Atterbury Romania and Iulius Group will comprise the operation of Iulius Mall Iasi, Iulius Mall Cluj, Iulius Mall Suceava, Iulius Mall Timisoara, the mixed – use urban regeneration project Openville Timisoara, as well as future development of similar projects in Romania....more »
Govnet Next Events