Govnet

Vitantis Shopping Center will be taken over by Revetas Capital

Investment fund Equest Balkan Properties confirmed the sale of the retail park incorporating Vitantis Shopping Center which will be taken over by Revetas Capital, an investment manager in Central and Eastern Europe which targets distressed real estate projects or single asset transactions, according to Mediafax.

Largest transaction in real estate this year: Rhenus Logistics leased 14,000 sqm in Mercury Logistics Park

The German-based logistics company, Rhenus Logistics moved its operations to Mercury Logistics Park, near the Bucharest-Pitesti highway, where rented 14,000 sqm, becoming the largest real estate transaction so far in 2014, according to GS Capital Advisory which provided advisory services to Rhenus, states ZF.

Unirea Shopping Center plans to access a 70 million euro worth loan for investments

Unirea Shopping Center aims to take this year a loan of up to 70 million euro to support its investment programme. The loan which will be released in tranches is expected to be approved during the Extraordinary General Meeting of Shareholders scheduled for June 5, 2014, according to an informing sent to the Bucharest Stock Exchange.

Victoria City Center, a new real estate project, will be developed in Bucharest

Benevo has obtained the construction permit for Victoria City Center, project that was initially scheduled to start at the beginning of the year, thus the company announces that construction works will eventually begin this July after the contracting of a construction company planned for the following month. Its opening is expected next year, in October.

uploads/news/19_Colosseum Retail Park 2.jpeg

Real estate

JYSK leases 1.200 sqm in Colosseum Retail Park

The Danish retailer JYSK has leased 1.200 sqm in ColosseumRetail Park, the new retail box being scheduled for opening this week, on April 10. Located in the North-West Bucharest, the retail park developed by Nova Imobiliare and inaugurated in 2011, has a leasable area of 37.500 sqm, including among its major tenants Carrefour, Altex and Leroy Merlin Bricolage. With the new lease agreement concluded, transaction arranged by Jones Lang LaSalle, there remains a single big box unit available, its letting being currently under negotiations

EuropaProperty announces short-list for 9th annual SEE Real Estate Awards

The short-list for the upcoming 9th annual EuropaProperty SEE Real Estate Awards, representing the most outstanding and accomplished projects, companies and individuals throughout the SEE region in 2013, has been announced. Furthermore, leading players from the dynamic SEE real estate markets are now braced to take part in the region’s premier commercial real estate awards event on April 10th 2014, at the Athenee Hilton Hotel, Bucharest, Romania.