The law firm Popovici, Niţu, Stoica & Asociaţii assisted the buyer, namely Dedeman in taking over The Bridge project for an estimated transaction value of 200 million euros. The team of lawyers was led by Valentin Creata and Ioana Sampek, bot...more »

The Supervisory Board of IMMOFINANZ AG today approved the package sale of the approximately 26% investment in CA Immobilien Anlagen AG (CA Immo). The 25,690,163 bearer shares and four registered shares in CA Immo will be purchased by SOF-11 Starlight 10 EUR S.à r.l., a member company of the Starwood Capital Group (Starwood). ...more »

Globalworth Real Estate Investments Limited, announced the intention to acquire five office buildings in Romania and Poland (through GPRE), development projects on the land owned in Bucharest and Timisoara and the intention to develop new projects in Bucharest and Warsaw (through GPRE)....more »

The Bucharest office market saw a net take-up of close to 45,000 sqm in this year’s third quarter. According to data from the real estate consultancy company Colliers International, the demand came mostly from IT and BPO/SSC companies, including from the new entries in the market: Amazon, GoPro and Systematic. ...more »

The retail market in Romania is taking full advantage of the increase in consumption, but this trend will probably not last long, representatives of the shopping centers think. They are already talking about the transformation of the retail mix by accentuating the areas that are not strictly shopping-related....more »

The office space market in Bucharest is very active this year, both in terms of new project deliveries and transaction volumes, but also in terms of rebalancing the city from the perspective of interest areas for development. Govnet.ro analyzed, with the help of real estate consultants, the main trends of this market, from the new development poles for the big office assemblies to the the new wave of downtown boutiques-office buildings and the tenants' profile....more »

ING Bank, one of the biggest providers of financial services in Romania,  will consolidate its headquarters and business operations in a 20,000 m2 office building in Blue Rose Office Park, Portland Trust’s newest project in Romania....more »

Logicor, one of the most important owners and operators of logistics properties, has completed the development of a new logistics warehouse of 40,000 sqm in Bucharest. ...more »

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 »

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 »