The developer and operator of logistics and industrial parks CTP announced the signing of 260,000 sq. m lease transactions in the first quarter of this year, reaching a total rentable area of 3.5 million sq. m in seven markets in Central and Eastern Europe, where the company is currently present.
With share purchase agreement dated 17 April 2016, IMMOFINANZ AG has agreed to acquire 25,690,163 bearer shares (corresponding to a participation of approximately 26%) in CA Immobilien Anlagen Aktiengesellschaft (“CA Immo”) from Terim Limited (Cyprus) and 4 registered shares in CA Immo from O1 Group Limited (Cyprus).
Polish food processing group Maspex Wadowice got the green light from the Romanian Competition Council, the anti-monopoly watchdog, to take over water bottler Rio Bucovina.
Plaza Centers sold the 23,880 sq. m plot in Slatina for the price of EUR 660,000, accordidng to an announcement the company made in London Stock. The company planned the development of a mall of EUR 40 million on the plot of land.
Although there were fewer transactions on the M&A market in Romania last year, the market saw a strong advance of 23 percent, according to a study by EY Romania. The 123 transactions which took place in 2015 amounted to some USD 3.65 billion, with a median value of USD 100 million per transaction.
British company Aviva Investors, asset manager for Aviva – one of the world leaders in insurances and pensions – exited the Romanian market following the selling of the last properties to Australian investor Valad Europe.
Local real estate market will continue the positive trend of the last years, with growth estimated on key-segments such as investments market, office and industrial, according to the most recent study of a real estate consultancy company.
2015 was a rich year for Romania’s industrial property, with three major transactions in this sector being among the top five largest in the CEE region, according to a report by CBRE, the property services company.
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