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Victoria City Center
March 15, 2015 - Victoria City Center is a multifunctional center comprising a class A office building  and a retail mall... read more
Alpha Group Investments Expands Timisoara Centrum Retail Component to 70,000 Sq. m
September 29, 2015, 14:39, (Property Xpress) - Alpha Group Investments, a unit of Alpha Bank, and TBE Business Solutions, a company headed by Ali Ergun ...   read more
Alpha Bank, TBE to Invest EUR 80 mln in Timisoara Shopping Mall
August 05, 2015, 9:18, (Property Xpress) - Timisoara Centrum is the name of the new shopping mall that will be built in the city center of Timisoara by ...   read more
Alpha Real Estate Sells 60 Apartments in Two Bucharest Projects
December 11, 2014, 13:58, (Property Xpress) - Alpha Real Estate Services, part of Alpha Bank, managing the insolvent Doamna Ghica Plaza and Green Vista ...   read more
Ram West Investitii Enters Insolvency Proceedings
October 30, 2014, 17:31, (Property Xpress) - The Bucharest Court has recently upheld a request by Alpha Bank to initiate insolvency proceedings against Ram ...   read more
Two-Thirds of Ibiza Sol Apartments Remain Unsold
February 04, 2014, 12:20, (Property Xpress) - Ibiza Sol residential estate, located in the Bucharest Pipera area, has 200 unsold apartments out of the total ...   read more
Major International Firm Enters Insolvency Proceedings due to Romania Real Estate Operations
January 13, 2014, 9:30, (Property Xpress) - The Romanian business of a major international real estate development and construction company has resulted ...   read more
Land for Bucharest Residential Project up for Sale
January 08, 2014, 14:24, (Property Xpress) - An 8,000 sq. m land area for a residential project in Bucharest has been put for sale. Launched in 2008, the ...   read more
Alpha Bank Takes Over Bucharest Residential Project
November 07, 2013, 9:03, (Property Xpress) - Alpha Bank, one of the top ten banks in Romania in terms of assets, took over last month a real estate project ...   read more
Meridian Properties Starts EUR 170 mln Warsaw IPO
October 01, 2013, 10:35, (Property Xpress) - The Netherlands-registered Meridian Properties has commenced a EUR 170 mln initial public offering (IPO) on ...   read more
Unfinished Residential Project up for Sale in Bucharest
September 25, 2013, 9:36, (Property Xpress) - Blue Tower residential project in the Bucharest Colentina area will be auctioned this week at a starting price ...   read more
Update: Real Estate Investment Firm to Acquire CEE Portfolio
September 24, 2013, 11:28, (Property Xpress) - A Netherlands-registered investment and property management firm has revived plans to raise finance to acquire ...   read more
West Gate Extends Lease Contracts with Five Tenants
August 26, 2013, 15:46, (Property Xpress) - Last year, five of the tenants at West Gate Business Park, located in the west of the Romanian capital, ...   read more
Update: Abu Dhabi Investors to Sign Investment Agreements with Serbia
August 19, 2013, 14:08, (Property Xpress) - The Crown Prince of Abu Dhabi Mohammed bin Zayed bin Sultan Al Nahyan has purchased Jugobanka Hotel in ...   read more
Update: Real Estate Firm to Acquire CEE Property Portfolio
June 24, 2013, 8:06, (Property Xpress) - A Netherlands-registered investment and property management company is planning to raise EUR 200 mln in an ...   read more
Shopping Mall Construction Starts in Bucharest
June 21, 2013, 8:08, (Property Xpress) - Canadian Benevo and CD Capital Partners companies have started demolition work on the former Dacia textile ...   read more
Real Estate Firm to Acquire CEE Property Portfolio
June 17, 2013, 9:34, (Property Xpress) - A Netherlands-registered investment and property management company is planning to hold an initial public ...   read more
120 Apartments Sold in Bucharest Asmita Gardens Project
May 22, 2013, 12:50, (Property Xpress) - A total of 121 apartments have been sold in Bucharest-based Asmita Gardens residential project, since its ...   read more
Developer to Start Bucharest Mall Project, Acquire Land for Kiev Shopping Center
April 25, 2013, 10:12, (Property Xpress) - A real estate development company, controlled by Canadian shareholders, will start construction this summer of ...   read more
Several Sofia Sites Change Owners
April 17, 2013, 10:34, (Property Xpress) - Several Sofia sites intended for high-rise buildings have recently been purchased by structures close to their ...   read more
Alpha Bank Takes Control over Bucharest Residential Property
April 10, 2013, 8:54, (Property Xpress) - Greece’s Alpha Bank has taken the control of Doamna Ghica Plaza residential estate in Bucharest’s ...   read more
Ioannis Papalekas Acquires Bucharest Office Building
February 28, 2013, 9:55, (Property Xpress) - Greek businessman Ioannis Papalekas, who has bought problem Romania real estate assets for over EUR 70 mln ...   read more
Blue Tower Residential Building Goes to Sale
February 05, 2013, 12:46, (Property Xpress) - Liquidators of Blue Tower residential project in the Bucharest Colentina area, which went bankrupt in late ...   read more
Land Plot in Sofia City Center Goes to Sale for EUR 8.5 mln
January 15, 2013, 13:36, (Property Xpress) - A land plot in the city center of the Bulgarian capital will be auctioned at the end of the month at a ...   read more
ECPC Sells Veliko Tarnovo Mall to Creditor Bank
December 18, 2012, 9:12, (Property Xpress) - British investment fund European Convergence Property Company (ECPC) is to sell its Central Mall Veliko ...   read more
RomReal Agrees on Loan Rescheduling with Alpha Bank
November 29, 2012, 15:40, (Property Xpress) - Real estate developer RomReal, which owns about 130 ha of land in several Romanian areas, today announced its ...   read more
Sofia Site Sold for EUR 7.0 mln
November 28, 2012, 16:50, (Property Xpress) - A land plot in the Bulgarian capital has changed owners for approximately EUR 7.0 mln. The site will be used ...   read more
Sozopolis Project Changes Owners
November 05, 2012, 9:21, (Property Xpress) - Bulgarian entrepreneur Stefan Sharlopov is the new owner of Sozopolis holiday project on the Black Sea coast ...   read more
Astra Bank Acquires Kiev Office Property
October 24, 2012, 8:07, (Property Xpress) - Ukrainian Astra Bank, a member of Greece’s Alpha Bank Group, one of the leading banking and financial ...   read more
ECDC Provides Updates on Projects in Bulgaria, Romania
October 19, 2012, 12:55, (Property Xpress) - European Convergence Development Company (ECDC), managed by Charlemagne Capital, has provided updates on its ...   read more
RomReal May Face Loan Default
October 19, 2012, 11:32, (Property Xpress) - Real estate developer RomReal, which owns about 130 ha of land in several Romanian areas, has difficulty to ...   read more
Asmita Gardens Reorganization Plan Approved by Creditors
September 05, 2012, 15:21, (Property Xpress) - The reorganization plan proposed by Alpha Bank Romania and Euro Insol, receiver of the Bucharest Asmita ...   read more
Bucharest Housing Property Goes to Auction
August 24, 2012, 11:29, (Property Xpress) - INSIDE: Property Details, Location, Developer, Creditor Bank, Receiver, Auction Date, Starting ...   read more
Bank of Cyprus to Recover EUR 21 mln from Romanian Mall
August 20, 2012, 7:51, (Property Xpress) - The Bank of Cyprus has to recover about EUR 21 mln from Liberty Center shopping center in Romania, which was ...   read more
Update: Romanian Shopping Mall Sold for EUR 60 mln
August 08, 2012, 11:03, (Property Xpress) - Liberty Center shopping center in Bucharest’s Rahova neighborhood was sold at auction yesterday for the ...   read more
Romanian Shopping Mall Sold for EUR 60 mln
August 07, 2012, 11:49, (Property Xpress) - Liberty Center shopping center in Bucharest’s Rahova neighborhood was sold at auction today for the starting ...   read more
Bucharest Tower Center Building Sold for EUR 50 mln
August 01, 2012, 8:12, (Property Xpress) - The 22-story Tower Center building, considered the tallest office structure in Romania, with a height of 106 ...   read more
Bucharest Mall Goes to Auction
July 16, 2012, 8:59, (Property Xpress) - Liberty Center shopping center in Bucharest will be auctioned on August 7 at a starting price of EUR 60 mln in ...   read more
Bucharest Office Developer to Emerge from Insolvency
June 20, 2012, 11:11, (Property Xpress) - INSIDE: Developer, Bank, Project Details. Subscribe to read ...   read more
NEPI Provides Updates on Latest Retail Real Estate Deals
June 07, 2012, 7:35, (Property Xpress) - South African investment fund NEPI, through NE Property Cooperatief (NEPC), has concluded an agreement with ...   read more
Bucharest Residential Project Sees Sales Rise
May 22, 2012, 10:09, (Property Xpress) - INSIDE: Architectural Studio, Contractor, Location, Project Details, Financial Partner, Consulting Company, ...   read more
Universul Company Declared Insolvent in Romania
March 28, 2012, 13:45, (Property Xpress) - Bucharest-based Universul SRL, with debts of more than EUR 20 mln, has been declared insolvent, according to ...   read more
Insolvency Claim Filed against Universul Printing House Owner
March 08, 2012, 9:05, (Property Xpress) - Jonathan Mann, an American investor, announced major development plans for projects in Romania during the ...   read more
Major Developers Face Insolvency in Romania
March 07, 2012, 13:57, (Property Xpress) - Avrig 35, one of the largest Romanian real estate developers, currently has four projects under insolvency ...   read more
Ibiza Sol Enters into Insolvency Proceedings
January 27, 2012, 14:04, (Property Xpress) - Ibiza Sol residential project developed by Spanish investors in the Bucharest Pipera area went into insolvency ...   read more
Bulgarian Commercial Property Foreclosures Expected to Continue
January 09, 2012, 12:56, (Property Xpress) - Banks and their related companies have emerged as new players in the Bulgarian property market. The trend ...   read more
Bucharest Housing Project Enters into Insolvency Proceedings
November 09, 2011, 11:03, (Property Xpress) - A Bucharest residential project has officially entered into insolvency proceedings, following a November 7 ...   read more
Austrian Café Chain to Pursue Aggressive Expansion
November 02, 2011, 9:08, (Property Xpress) - Russia’s OOO Coffee Set, the franchise holder of Coffeeshop Сompany, an Austrian café chain, plans to ...   read more
Bucharest Office Developer to Avoid Insolvency
October 19, 2011, 8:59, (Property Xpress) - Owners of a Bucharest office building could avoid insolvency with proceeds from renting or selling their ...   read more
City Gate Office Center Signs EUR 100 mln Refinance Deal
October 14, 2011, 9:08, (Property Xpress) - Israeli company Globe Trade Center (GTC) has announced signing a EUR 100 mln loan to refinance investment in ...   read more
Alpha Bank Files Insolvency Claim against Developer
October 11, 2011, 13:40, (Property Xpress) - The Romanian subsidiary of Greece’s Alpha Bank has filed an insolvency claim against the developer of the ...   read more
NEPI Lifts Distributable Earnings 17 Pct
August 11, 2011, 8:54, (Property Xpress) - South African investment fund New Europe Property Investments (NEPI) has reported consolidated distributable ...   read more
Argo Real Estate Provides Updates on Regional Investments
June 30, 2011, 10:09, (Property Xpress) - Argo Real Estate Opportunities Fund today announced its results for the six month period ended March 31, 2011. ...   read more
Piraeus Bank Acquires Sofia Office Building
June 01, 2011, 15:19, (Property Xpress) - Greek-based Piraeus Bank has signed a preliminary agreement to acquire an office building in Sofia, part of ...   read more
Argo Real Estate Sees Rental Income Decrease in Romania
February 03, 2011, 13:38, (Property Xpress) - Argo Real Estate Opportunities reduced its rental income from Romanian Sibiu Shopping City and Shopping City ...   read more
RomReal Extends Loan Maturity
January 04, 2011, 15:30, (Property Xpress) - Bermuda-registered property developer RomReal has signed an agreement with Alpha Bank to extend the maturity ...   read more
Update: Canadian JV to Build Shopping Mall in Bucharest
December 20, 2010, 9:52, (Property Xpress) - A Canadian/Romanian joint venture is planning to restart a shopping and entertainment center project in the ...   read more
Copper Beach Capital Declared Bankrupt
December 07, 2010, 13:56, (Property Xpress) - Copper Beach Capital, established by British-based Copper Beech to develop the Blue Tower residential project ...   read more
EBRD Lends EUR 630 mln to Piraeus, Alpha and Eurobank
October 05, 2010, 15:21, (Property Xpress) - The European Bank for Reconstruction and Development (EBRD) today announced signing of three credit lines ...   read more
Greek Developer to Dispose of Russian Real Estate
September 21, 2010, 13:43, (Property Xpress) - A Greek developer is suffering from a lack of cash, as the local government has stopped paying private ...   read more
Developer Sells Bucharest Apartments for EUR 3.0 mln in H1’2010
September 21, 2010, 10:31, (Property Xpress) - Investment fund Charlemagne Capital and the Indian group Asmita have sold about 62 pct of their Asmita Gardens ...   read more
Developer Reaches Agreement on EUR 80 mln Credit Facility
August 12, 2010, 15:13, (Property Xpress) - The Romanian subsidiary of an Israeli real estate development company has agreed a EUR 80 mln loan facility ...   read more
Israeli Developers Forced to Repay Loans to Romanian Banks
August 09, 2010, 7:38, (Property Xpress) - Israeli Profit Building Industries, New Horizon Group and Intercolony Investments, which have raised capital ...   read more
EUR 40 mln DIY Store Opens in Albania
January 04, 2010, 8:25, (Property Xpress) - A EUR 40 mln DIY wholesale and retail store has opened in Tirana, Albania. The facility occupies a 150,000 sq. ...   read more
Copper Beech Capital Enters into Insolvency Proceedings
October 26, 2009, 15:45, (Property Xpress) - Copper Beech Capital, established to develop Blue Tower residential project in the Bucharest Colentina area, ...   read more
ECDC Says: Banks in Romania and Bulgaria Require Higher Interest Rates
September 22, 2009, 14:56, (Property Xpress) - Representatives of ECDC investment fund, owner of Asmita Gardens real estate project in Bucharest, said that ...   read more
Update: Greek Investor to Spend EUR 33 mln on Bulgarian Office Project
August 05, 2009, 7:55, (Property Xpress) - A Greek banking group said it will spend EUR 33 mln to develop an office project, after it acquired a 2,864 ...   read more
Update: EUR 50 mln Supports Retailer Expansion in Bosnia and Herzegovina
August 04, 2009, 12:21, (Property Xpress) - A EUR 50 mln loan has been syndicated to a local retailer to finance a store network expansion in Bosnia and ...   read more
Greek Investor to Spend EUR 33 mln on Bulgarian Office Project
July 31, 2009, 7:10, (Property Xpress) - A Greek banking group said it will spend EUR 33 mln for development of an office project, after it acquired a ...   read more
MTS Increases Syndicated Loan by USD 65 mln and EUR 23.6 mln
July 16, 2009, 8:16, (Property Xpress) - Russian mobile operator MTS has attracted additional funds of USD 65 mln and EUR 23.6 mln to the syndicated ...   read more
RAM Global Group Postpones Appointing Contractor for Residential Scheme in Romania
May 29, 2009, 12:45, (Property Xpress) - Israeli company RAM Global Group that in May, 2009, announced that it would develop a project with more than ...   read more
Former Head of Zapp Establishes EUR 100 mln Investment Fund
May 26, 2009, 9:09, (Property Xpress) - Zapp Romania’s former head Diwaker Singh, has laid the foundation for a new real estate investment fund with ...   read more
CRE Postpones Construction Start on Citadela Project in Romania
April 14, 2009, 12:08, (Property Xpress) - The investment and development real estate trust CRE, part of Imotrust, announced it has temporarily postponed ...   read more
International Developer to Renegotiate Loan in Romania
April 01, 2009, 8:01, (Property Xpress) - A U.S. developer has plans to renegotiate a EUR 15 mln credit contract with Alpha Bank in Romania, where it ...   read more
NEPI Announces Preliminary Results for 2008
February 12, 2009, 16:15, (Property Xpress) - New Europe Property Investments PLC (NEPI), a closed-ended property income fund, has announced its preliminary ...   read more
Update: Agrokor’s Subsidiary Borrows EUR 70 mln Loan
October 21, 2008, 11:33, (Property Xpress) - The European Bank for Reconstruction and Development (EBRD) has approved its first investment in the Serbian ...   read more
AREOF Announces Loan Refinancing for Mall Project in Romania
September 15, 2008, 8:06, (Property Xpress) - Argo Real Estate Opportunity Fund Limited (AREOF), a Guernsey based closed-ended company, investing in the ...   read more
Update: HSBC Enters Romanian Real Estate Market via EUR 70 mln Acquisition
August 15, 2008, 10:19, (Property Xpress) - As Property Xpress earlier reported, private equity HSBC’s European Active Real Estate Fund (HEAREF) has ...   read more
NIRO Group in JV with Beijing Urban Construction Engineering
June 04, 2008, 9:34, (Property Xpress) - Niro Group has established a JV with Beijing Urban Construction Group, the Chinese developer, who has built ...   read more
RCI Company Receives Loan from Alpha Bank
May 29, 2008, 13:31, (Property Xpress) - Kiev-based Alpha Bank has opened a USD 30 mln credit line for Regional Construction Investments Company (RCI), ...   read more
Westhouse to Fund Residential Project in Constanta
March 28, 2008, 11:40, (Property Xpress) - Westhouse Group was founded in 2005 and acquired by RomReal, a company with Norwegian shareholders, listed on ...   read more
Gigant Construct to Launch Two Residential Projects in Bucharest
March 07, 2008, 11:19, (Property Xpress) - Romanian-Island developer company Gigant Construct will start two residential projects in the Titan zone of ...   read more
Copper Beech to Develop Housing Project in Bucharest
September 12, 2007, 12:49, (Property Xpress) - Cyprus-headquartered company Copper Beech, controlled by British shareholders, has announced EUR 2.5 bln ...   read more
Romfelt Real Estate SA Takes EUR 40 mln Loan from Alpha Bank
August 24, 2007, 8:10, (Property Xpress) - Bucharest-based Romfelt Real Estate SA, felt and clothes producer, has contracted a EUR 40 mln investment loan ...   read more
Alpha Bank and Raiffeisen Fund Ibiza Sol Project in Romania
June 12, 2007, 14:52, (Property Xpress) - Alpha bank Romania and Raiffeisen Bank agree to fund by a syndicated loan the residential project Ibiza Sol in ...   read more
Bluehouse Enters Into Agreement with Serbian Company on 50,000 sq. m Project
June 07, 2007, 15:40, (Property Xpress) - Signing of contract on big real estate project implementation in the Serbian capital was announced today by ...   read more
Forward Sales of Emerald Residences Launched
May 04, 2007, 10:46, (Property Xpress) - Emerald launched early this month the forward sales of apartments, arranged in the luxury housing complex ...   read more
Alpha Bank Aims Network Enlargement to 300 Units by 2010
April 23, 2007, 13:07, (Property Xpress) - Alpha Bank Romania intends to open 230 branches by the end of 2010 to enlarge the network to 300 units, the ...   read more
Alpha Bank Bulgaria Ready to Acquire Property for Its HQ
April 13, 2007, 15:46, (Property Xpress) - The Alpha Bank Bulgaria directs an invitation to taking part in purchase procedure with regard to building ...   read more
Banks Opened over 1,100 Branches in Romania Last Year
January 04, 2007, 11:11, (Property Xpress) - Local banks launched more than 1,100 new branches in Romania until the last days of 2006, which was the period ...   read more
Noviy Gorod Retail Complex Opened in Odessa
December 14, 2006, 12:51, (Property Xpress) - Retail complex under the name Noviy Gorod has been opened in Odessa in early December. The new shopping center ...   read more
Charlemagne Purchases 50 % of Asmita Project in a EUR 110 mln. Deal
October 19, 2006, 11:39, (Property Xpress) - The British Charlemagne Capital Company one of the most active real estate buyers has purchased 50 % in the ...   read more
Alpha Bank expanding its Bulgarian network
September 29, 2006, 15:15, (Property Xpress) - Greek Alpha Bank is intending to bring its Bulgarian branches’ number to 100 in the next two years. Its ...   read more
60 new branches of a Greek bank are to be opened in the Balkans by the end of the year
August 03, 2006, 15:34, (Property Xpress) - Greek Alpha Bank will open 60 more branches in the Balkans by the end of the year, AFX news reported. 10 of ...   read more
IFC Partners with Alpha Bank Romania to Boost Trade
June 16, 2015, 7:43, (Property Xpress) - Bucharest, Romania, June 16, 2015— IFC, a member of the World Bank Group, and Alpha Bank Romania are joining ...   read more

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