One United Properties reports consolidated turnover of 699.4 million RON (down 17 percent) and gross profit of 264.5 million RON in the first six months of 2024, and net profit reached 228.6 million RON. The net profit registered a 20 […]
Logicor, a leading owner, manager and developer of logistics real estate in Europe, has recently acquired a 4.6-hectare plot of land from toy retailer Jumbo. This land, located on Pallady exit towads Autostrada Soarelui, was purchased in a deal brokered […]
VGP, a European provider of logistics and semi-industrial real estate, signed a lease agreement with Miele Tehnica Brașov, a subsidiary of the German Miele group, for 2,000 square meters, within VGP Park Brasov. The company will use this space to […]
Deloitte Romania assisted the real estate developer AFI Europe in the acquisition of the Bucharest Financial Plaza office building from Immofinanz group. The transaction has an estimated value of approximately 27 million euros and was recently signed. The Bucharest Financial […]
The demand on the Bucharest hotel market in the first half of the year compared to the same period of 2023 had experience an increase of 3 percent, however, it remained below the 2019 level, according to data from the […]
The first half of 2024 in the land market witnessed more the completion of transactions that had been initiated some time ago, rather than the start of new negotiations, as investor interest in land acquisitions remained relatively limited, according to […]
IMPACT Developer & Contractor (Impact) achieved revenues of 98 million RON at group level in the first semester of 2024, up 65 percent compared to the same period last year. The gross profit recorded is 30.9 million RON, 68 percent […]
NEPI Rockcastle recorded a 13.5 percent increase in net operating income in the first half of 2024 compared to the same period in 2023. Thus, in the first six months of 2024, the amount of net operating income reached 274 […]
PeliPartners assisted Immofinanz AG in the sale of myhive Victoriei (formerly known as Bucharest Financial Plaza) to AFI Europe, in a transaction of over 27 million Euro. The property was sold together with the corresponding building permit for the conversion […]
Real estate developer AFI Europe has acquired the myhive Victoriei building on Calea Victoriei from Austrian commercial real estate group Immofinanz. The transaction, brokered by Colliers and Cushman & Wakefield Echinox, was valued at around 27 million euros. Completed in […]
