Estonian Q Vara real estate co sells stake in Bulgarian firm

The Estonian real estate group Q Vara concluded September 12 an agreement to sell its 60% stake in Bulgarian subsidiary EOOD Q Delta for 6 mln euro, reports the Baltic Business Weekly. The holding is acquired by OOD Delta ... More


Mortgage Capital Group has EUR 80 million contracts expectations by 2008

Mortgage Capital Group (MCG), a company specialized in financial consultancy services, plans to intermediate mortgage financings worth EUR 80 million by the end of 2008. The company started its activities in September 2007. The ... More


Dragoman Development puts EUR 125 million in real estate projects

Dragoman Development will invest EUR 125 million in building four real estate projects in Romania. The company has already acquired the plots, two in Bucharest and two in Brasov. The first project will start this fall and should ... More


City of Sofia puts up for sale municipal realty co

A sale procedure has been launched for municipal real estate company Sofiiski Imoti, said the Sofia Municipal Privatisation Agency (SOAP). The procedure begins with the selection of a company to assess Sofiiski Imoti's legal ... More


40,000 Britons Own Property in Bulgaria

A total of 40,000 Britons now own property in Bulgaria, one of the most hyped countries for overseas investment, the Independent wrote in its latest issue. "Low prices continue to be the main attraction. For example, you can ... More


Russians, Romanians Push Britons Out of Bulgaria's Holiday Market

The demand for vacation homes along the Black Sea coast is comprised mainly of private individuals from Russia, Romania, Belarus and Kazakhstan, outstripping those from UK and Ireland, latest data shows. "Just a year ago 80% ... More


Eurobank Properties pays EUR 14.5 million for Iasi mall

Eurobank Properties Real Estate Investment Company has purchased a Romanian joint stock company, owner of a retail building under construction. The price for the acquisition of 99.99 percent of the shares of the Romanian joint ... More


Russia edging UK as biggest market for Bulgarian vacation homes

Sales of vacation homes on the Bulgarian Black Sea coastline to Russian buyers have become to outnumber the transactions involving British nationals, shows a survey conducted by property company Green Life Property Development. ... More


Ušće complex worth up to EUR 235mn

The estimated value of the investment in the construction of the Ušće business complex is between up EUR 230-235 mn. MPC Properties General Director Siniša Brašanac said that “MPC's practice is to ... More


Meinl signs EUR 130 million real estate project in Constanta

Austrian company Meinl European Land will invest EUR 130 million in developing a commercial centre in Constanta. The project will have 60,000 sqm and an estimated yield of 9 percent. The company will also sign other seven ... More


Bulgarian Residential Real Estate Prices Rise by 5,4% in Q1

Prices for residential real estate in Bulgaria's 28 biggest cities and towns grew by an average 5,4% in the second quarter of the year, down from 9,3% in the previous three months, data of the country's National Statistics ... More


Pirelli Realty seeks local partners, also in Russia

Pirelli & C. Real Estate SpA, Italy's biggest property manager, may form partnerships to buy land and develop housing in Turkey and Russia, where the company expects returns to exceed those in western Europe. "We are beginning ... More


Equest Balkan Properties pays EUR 8 million for Modul Shopping Center

Equest Balkan Properties (EBP) has signed an agreement to acquire, through its wholly-owned subsidiary Union Properties, 100 percent of the shares of Modul Shopping Center in a EUR 8 million transaction. Modul owns a retail ... More


Pirelli RE Romania established in partnership with Unicredit Tiriac Bank

Pirelli RE, the real estate division of Pirelli, enters the Romanian market in a partnership with UniCredit Tiriac Group. The joint venture Pirelli Real Estate Romania has been established with Pirelli RE as main shareholder, ... More


Immoeast pays EUR 101.5 million for S-Park office building

Immoeast purchased S-Park office building, situated in the northern part of the capital, near Otopeni airport, the value of the transaction being of EUR 101.5 million. The complex is developed by Primavera Development and is ... More


EUR 500 M for Dambovita Centre

The functional conversion of Casa Radio into the Dambovita Centre needs an investment of some EUR 500 m, Rompres informs. The public-private partnership was re-negotiated and the authorities decided that Elbit Medical Imaging ... More


Centerra Capital Partners plans to invest EUR 200 million in Romania

Centerra Capital Partners, which administrates Flavus Investitii, the company which took over Tractorul Brasov platform plans to invest this year in Romania EUR 200 million, including in real estate projects. Centerra Capital ... More


Warimpex takes over Golden Tulip Sky Gate hotel

Real estate developer Warimpex Finanz-und Beteiligungs took over 99.98 percent of Golden Tulip Sky Gate four stars hotel situated near Henri Coanda airport from the majority shareholder Romanian American Enterprise Fund and other ... More


Bulgarian banks set up real estate agencies

An increasing number of Bulgarian banks are registering company-owned real estate agencies to cater directly to mortgage borrowers. These bank-owned real estate agencies are proving stiff competition for the pure-plays as ... More


City Holding to invest EUR 350 million in real estate projects

City Holding, a company with Romanian capital, will allocate in the next three years up to EUR 350 million to develop residential projects and offices in Bucharest, said Dan Tatoiu, the company’s sole shareholder. The ... More