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Articles - transactions

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.

Buzoianu family to sell Retrasib to invest in Cluj Business Center

Businessmen Octavian and Călin Buzoianu, who control over 80 pct. of the Retrasib Sibiu (RTRA)shares, mostly through the companies Institut Proiect and Trafo Proiect, intend to sell their shares in the engine, generators and electric transformers manufacturer to the German company SGB-Smit International, in order to focus on other projects ongoing.

Ursus leases 9,300 sqm in Log Center Timisoara

Immofinanz announced on Thursday that it has signed a five years lease for 9,300 square meters of logistic space with Ursus Breweries. The brewer will become a tenant of Log Center Timisoara, one of the biggest logistic properties in the Immofinanz portfolio.

Kromberg & Schubert acquires its leased properties in Arad county

German automotive components producer Kromberg & Schubert has acquired the property leased from Solvency Project in Chisineu Cris (Arad) for the last 10 years in order to expand the current manufacturing capacity.

C&W leases 54,000 sqm of warehouse in Slovakia

Cushman & Wakefield brokered 54,000 sqm of warehouse and production space leases in Slovakia in the first half of 2014. Approximately 25,000 sqm were leases for previously vacant space.

GSK to close down Romanian plant

UK-based GlaxoSmithKline (GSK), the drugsmaker, said on Thursday it would shut off its Europharm plant in Brasov by the end of 2015 and transfer the production in Poland and Spain, reports Mediafax newswire.

Cargus rented 5,000 sq. m of offices and warehouses

The courier company Cargus, with business of EUR 26 million last year, has rented offices and warehouses on 5,000 sq. m from the logistics and transportation company Triton International Cargo, according to the real estate consultant DTZ Echinox, which represented the landlord in the transaction.

Abris Capital Partners buys Urgent Curier; planning merger with Cargus International

Abris Capital Partners investment fund bought Urgent Curier which in the future will merge with Cargus, also in the fund’s portfolio since 2012, writes Mediafax. Urgent Curier is owend by Sebastian and Corina Balasescu and recorded a turnover of RON 115.95 million in 2013.
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