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Articles - transactions

Current industrial hubs stock in Romania, estimated at 1.8 million sq. m

Current industrial hubs stock in and near Bucharest is estimated at approx. 1 million sq. m, while the level of the entire country reached 1.8 million sq. m, according to the study made by Jones Lang LaSalle (JLL).

Globalworth ventures outside the Capital: invests EUR 35 mln in logistics park in Timisoara

Globalworth, real estate investment company founded by Greek businessman Ioannis Papalekas, bought logistics complex Timisoara Airport Park for EUR 18 million from Invest4SEE.

Immofinanz exits logistics market in Poland, Czech Republic; will focus on Romania, Germany, Russia

Austrian group Immofinanz, one of the largest property investors on the Romanian market, sold two logistics projects in Poland and the Czech Republic for EUR 33.2 million, and announced it will focus on developing such projects in Germany, Romania and Russia, the company’s representatives said.

Siemens finalizes Romanian software producer takeover

Siemens Romania has finalized the takeover of software producer LMS România SRL Braşov, which will be re-branded as Siemens Industry Software.

Advent sells Ceramica Iasi for more than EUR 10 M

Advent sells their 84.88 per cent of the shares owned at Ceramica Iasi, producer of ceramic blocks and tiles bought in 2007 for more than EUR 35 million to an investment fund registered in Hong Kong, Brikston Cooperatief, according to a report of Ceramica Iasi regarding changes in the indirect control, sent to Bucharest Stock Exchange on Monday.

Logistics market stagnates: 100,000 sq. m rented in 6 months, 300,000 sq. m predicted for the entire year

The area of the logistics space transacted in the first six months totalizes approx. 100,000 sq. m, a level similar to the one registered in the similar period of last year, has declared Marian Orzu, director of CBRE, who estimates that the transactions will reach 300,000 over the entire year.

Lafarge to sell Romanian assets for merger approval

Cement makers Lafarge and Holcim on Monday announced asset sales they are proposing to competition regulators as part of their merger plan, including all of Holcim’s French activities and Lafarge’s German ones, according to Reuters.

CBRE: Transaction value down compared to 1Q

Real estate transactions in Romania totalized in 2Q EUR 66 million, with significant drop compared to 1Q, when over EUR 300 million level was registered, according to CBRE.
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