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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

Romanians in 2016 built 52,206 housing units, up 5,222 from 2015, most of which were recorded in the North-West development region, according to data released by the National Statistics Institute (INS). Compared with 2015, the highest percentage of the new housing units in 2016 was recorded in the urban areas (53.4 percent) while new such units in the countryside declined 46.6 percent. ...more »

Globalworth Real Estate Investments Limited, the real estate investment company targeting opportunities in the broader SEE and CEE regions with a focus on Romania, announces that it has signed the acquisition of a warehouse facility 100% leased to Dacia, Romania's largest corporate, on a long term basis. The facility is located 100km west of Bucharest near the Bucharest - Pitesti highway, one of Romania's principal warehouse and industrial corridors and is 28km away from Dacia's main plant in Mioveni, Arges County....more »