IMMOFINANZ signs sales agreements for further two plots of land in Adama’s portfolio
IMMOFINANZ has made progress with the sales process for the portfolio of plots of land held by its Romanian residential company Adama. Two plots located in the North of Bucharest with a total area of over 50,000 sqm have been sold to Speedwell Real Estate Development.
The plots are located on Jandarmeriei Street. The parties have agreed not to disclose further details of the transactions.
Additional plots located in Bucharest are subject to an ongoing sales process.
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IMMOFINANZ – a publicly listed European commercial real estate group with focus on two asset classes: Office and retail in eight core markets.