Pharmaceutical producer Biofarm sold a EUR 5 million plot of land to Iancu de Hunedoara Residence SRL. The land, located at 40-42 Iancu de Hunedoara Boulevard in Bucharest, covers an area of 6,700 sqm and formerly hosted the Chemical-Pharmaceutical Factory No. 2.<\/p>\n
The transaction was brokered by Crosspoint Real Estate, which represented both the seller and the buyer.<\/p>\n
Iancu de Hunedoara Residence SRL will build a residential complex comprising approximately 100 apartments on the acquired land.<\/p>\n
Biofarm is a Romanian pharmaceutical company with a history of over 60 years. The company is headquartered in Bucharest and has a significant presence in the local market.<\/p>\n
SIF Muntenia is the largest shareholder of Biofarm, holding a 51.6% stake.<\/p>\n
The sale of the land by Biofarm represents a development opportunity for Iancu de Hunedoara Residence SRL. The land is located in a central area of Bucharest, with high potential for real estate development.<\/p>\n
The transaction is also beneficial for Biofarm, which will be able to reinvest the proceeds into the development of its pharmaceutical business.<\/p>\n
What is the value of the land sale by Biofarm?<\/strong><\/p>\n The land was sold for 5 million EUR to Iancu de Hunedoara Residence SRL.<\/p>\n What will be built on the site located on Iancu de Hunedoara Boulevard?<\/strong><\/p>\n The buyer plans to develop a residential complex featuring approximately 100 apartments.<\/p>\n Who is the majority shareholder of Biofarm?<\/strong><\/p>\n SIF Muntenia is the largest shareholder, owning a 51.6% stake in the pharmaceutical company.<\/p>\n","protected":false},"excerpt":{"rendered":" Pharmaceutical producer Biofarm sold a EUR 5 million plot of land to Iancu de Hunedoara Residence SRL. The land, located at 40-42 Iancu de Hunedoara Boulevard in Bucharest, covers an area of 6,700 sqm and formerly hosted the Chemical-Pharmaceutical Factory No. 2. The transaction was brokered by Crosspoint Real Estate, which represented both the seller…<\/p>\n","protected":false},"author":0,"featured_media":92088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2853],"tags":[1918],"thb-sponsors":[],"class_list":["post-115880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","tag-teren"],"article_style_override":"on","post-style":"style2","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/investitii-3.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/115880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=115880"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/115880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/92088"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=115880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=115880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=115880"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=115880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}