Law firm CMS advised leading UK-based collective of property investment and management companies M Core Group on the acquisition of the strip mall portfolio in Romania from MAS P.L.C., as well as on the acquisition financing, the firm announced on Monday.
Romania's foreign exchange reserves shrank by EUR1.3 billion from EUR62.12 billion at the end of December 2024 to EUR60.83 billion at the end of January 2025, Romania’s central bank announced on Monday (February 3, 2025).
Clifford Chance Badea, the local office of global law firm Clifford Chance, has recruited 15 lawyers over the past year, reaching a team of more than 45 lawyers, as a result of an increase in the volume of projects.
Real estate developer Forty Management, controlled by Azoitei family, has bought a 12-ha land plot in a Seville suburbia and will invest over EUR100 million in a Lagoon City-branded mixed-use development.
Cushman & Wakefield Echinox provided strategic assistance to MAS PLC, a major real estate investor in CEE, in the sale of a Romania strip mall portfolio to M Core Group.
PragmaGo, the Polish fintech providing funding services for SMEs, supported by investment fund Enterprise Investors, aims for fast growth in Romania via local company Omnicredit it has acquired recently, with the target envisaging tripling its loan portfolio in the next three years.
Dutch group Versuni, which includes Philips and Saeco brands in its portfolio, boosted Romania sales by over 10% in 2024.
Three companies part of Belgian group Habitex, all headquartered in Maramures county, have collectively laid off 241 employees.
Renaissance Public Service, Romania’s only TV set manufacturer, wants to double its business in the next two years, to over RON400 million.
Generali, Italy’s largest insurer and one of Europe’s top three, is closely monitoring any opportunity of growing Romania operations via acquisitions, but for the time being no such possibility is visible given European insurers’ high interest in the local market.