Revetas Capital to buy Radisson Blu Bucharest for €177 million

13
Sep

by Property Forum | Hotel

Revetas Capital, an investment fund founded and managed by an American real estate broker Eric Assimakopoulos, is close to buying the Radisson Blu Bucharest hotel for €177.5 million, according to market sources. If completed, this will become the largest transaction on the Romanian property market in recent years.


To date, Revetas Capital acquired one asset in the country, the Vitantis Shopping Center in 2013 for an estimated sum of €26 million.
 
A few weeks ago current owner Israeli-held Elbit Imaging announced that it has signed a non-binding letter of intent with an international investment fund to sell its entire shareholding in a company owning the Radisson Complex in Bucharest, based on a property value of approximately €177.5 million. The name of the potential buyer was not revealed at that time.




LATEST NEWS

21
Sep

HB Reavis project awarded WELL certificate in Warsaw

by Property Forum
HB Reavis’ flagship development in Warsaw’s city centre, Varso, has been awarded a WELL Core & Shell Precertification by the International WELL Building Institute. Through the introduction of solutions aimed at improving employee wellbeing at the building design stage, Varso is WELL Core & Shell Precertified at the Gold level, and could be awarded WELL Core & Shell Certification following final performance verification upon completion in 2020.
Read more >
21
Sep

Secondary shopping centres may not survive

by Ákos Budai
The rapid growth of e-commerce will completely transform the retail market within the next few years. Shopping centres will need to adapt to changing consumer needs in order to stay in business but experts believe that many will not survive. Booming online sales, on the other hand, present a great opportunity for further growth in logistics. Members of the retail panel at CEE Property Forum, moderated by Andreas Ridder, Chairman CEE at CBRE, discussed the future of the business.
Read more >
21
Sep

Skanska starts €27 million office project in Prague

by Property Forum
Skanska invests €27 million in the office project Praga Studios in Prague. The seven-floor building will offer a total leasable area of about 12,000 square meters. Construction has begun and the office building is scheduled for completion in Q2 2019.
Read more >


ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Milan, Germany, Bucharest, Budapest, Belgrade, Bratislava and Prague.
MORE >

CONTACT

NEWSLETTER

Sign up today for the latest news

Clicking on SUBSCRIBE I accept the terms and conditions regarding application and cancellation. I give my consent to the management of my personal data provided, and I accept the Privacy Policy

 

Property Forum © 2017     Terms & conditions | Privacy policy