Real estate
November 15, 2016 15:19
PeliFilip advised Anchor, the real estate and development group, with respect to the merger of the Romanian group companies owning and operating București Mall and Plaza Mall. The process was designed as a merger through absorption, under which the entire patrimony of the Plaza Mall shopping centre was transferred to București Mall. The preliminary steps of the merger were initiated in March 2016, with the merger becoming effective in October 2016.  ...more »
October 31, 2016 09:43
The company Serapis Integrated Facility Management is co-founder of a new alliance that provides integrated facility management in 8 different countries in Central and Eastern Europe. The alliance was created by five partners that ensure the leadership, in Europe, with the purpose to offer integrated facility management services, adapted to clients according to business demands. The services, addressing the management and infrastructure of technical facilities and adjacent services, target global corporate clients at the regional and European level....more »
October 17, 2016 11:41
Casa de Insolvenţă Transilvania, in charge with the bankruptcy of Swan Property, announced the sale of insolvent office park Swan Office & Technology Park to Smartown Investments for EUR30.3 million, a price higher with 50 percent than the price approved by creditors. CITR declared it has promoted the office project to more than 150 investors in Romania and abroad, as well as to the clients in the company’s portfolio, according to data published in an activity report of CITR. ...more »
June 30, 2016 13:38
Law firm PeliFilip assisted Argo Group in the sale of retail park Shopping City Sibiu to NEPI, a 100 million euro transaction , which sets it as one of the reference real estate transactions in Romania in 2016. PeliFilip legal team involved in the transaction was coordinated by Oana Bădărău and included them on Gianina Gavanescu and Mihaela Ispas, Senior Associates....more »
April 22, 2016 10:39
The French Immochan will begin constructing the first 13 buildings out of 60 in the Coresi Shopping Resort in Brasov (that they themselves erected as well). The residential investment will reach 100 million EUR in the following years. Immochan will be the sponsor, and Avantgarden Immo Invest, the developer. "The first phase of the project consists of 13 buildings with 60 apartments. The first three will be delivered in April next year, and then another set of three at every three months. The project consists of 60 buildings with 3000 appartments, and it will be finalized in about 7-8 years", reveals Tatian Diaconu, General Manager of Immochan Romania, who also adds that the board intends to reproduce the concept in other big cities like Iasi, Constanta, Cluj, Craiova, Sibiu, and Timisoara....more »
March 14, 2016 14:13
Courier and parcel services firm DPD Group leased17,000 square meters of buildings and logistics platforms in WDP Park Sibiu. The space will be used for a new distribution center that will be inaugurated in the course of 2016.  ...more »
February 23, 2016 16:18
Veranda shopping center, located in the Obor area in Bucharest, attracted funding of EUR 25.5 million from Raiffeisen Bank SA and Raiffeisen Bank International AG, that will be used fort the project development. In this transaction, Veranda Mall was assisted by law firms Freshfields Bruckhaus Deringer and PeliFilip, while financing banks have been advised by the lawyers of CMS Cameron McKenna. The credit agreement for Veranda shopping center was completed in February 2016 in order to partly finance the total cost for project development. Under the agreement, it provides the opportunity to increase funding to 28.5 million euros, while the total investment in the project is estimated to 60 million. ...more »
January 19, 2016 11:20
Office buildings AFI Park 4 and 5 have reached fifty percent (16,000 sqm) pre-leases at the beginning of 2016. The 4th and 5th phase of the office project AFI Park developed near the mall in Cotroceni will be delivered at the beginning of February 2016.  Cameron, one of the tenants in AFI Park 1, will expand and relocate its offices into AFI Park . The other three companies which have signed agreements for spaces in the two buildings come from the IT&C industry. AFI Park consists of 5 Class A office buildings totaling 70,000 sqm of GLA, which are linked to the AFI Palace Cotroceni Shopping Mall (82,000 sqm GLA)....more »
June 29, 2015 16:17
The level of developments in the office real estate segment reached all time high levels throughout 2014, according to the regional cities office market study released by DTZ Echinox. According to the data released by the firm, the office market o...more »
March 25, 2015 12:01
The global investment fund manager, Heitman, has disposed of recently Mercury Logistics Park, yet the other party involved in this transaction has not been disclosed....more »
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