Benevo is a privately held investment and development company with substantial real estate and non real estate holdings in Canada and Romania. In Canada the companies of Michael Topolinski (founder of Benevo Group) employ over 1000 people. Benevo commenced activity in the Romanian residential real estate market in mid 2006 as a strategic investor.
In Romania, Benevo’s 2 main business lines are Retail and Residential real estate investment and development and the company also opened an office in Kyiv in mid 2013 which will focus on retail development.
Benevo is one of the largest active retail developers in Bucharest. They concluded the largest land transaction in 2008: 53,000 sqm - €40 million Victoria City. The Grand Opening for Victoria City Shopping Center is scheduled for 2016.
Benevo also concluded the largest land transaction in 2012: 77,000 sqm for €22 million, Vulcan Retail Park. Vulcan Retail Park will have a GBA of 30,000 sqm. In September 2013, Benevo sold their 50% equity stake to JV partner after Benevo completed pre development and de-risking of the project for a substantial profit and exceptionally high return on equity.
In 2013 Benevo concluded one of the largest acquisitions of the year, purchasing the Aversa pump manufacturing business and land plot of 10 ha in Obor, Bucharest at auction.
Benevo is a highly active investor in residential apartments, now holding a portfolio of 300 apartments in Bucharest. In addition Benevo created Benevo the Homes Store, a leasing agency that enabled Benevo to ensure their portfolio of apartments were optimized through quality leasing and asset management. This was a unique factor to the success of Benevo’s residential business.
Residential development company with over 160 hectares of residential property, in addition to industrial space and operating commercial properties in Ontario, Canada. Ownership stake is 100%.
Benevo is currently the owner of 300 units in Bucharest. It is the largest portfolio of apartments in Bucharest. Benevo has strong capabilities in sourcing deals, closing transactions, property management, rentals and sales.
Topolinski acquired 5.3 hectares of prime real estate property located on Bucurestii Noi Bld., Bucharest. This was the largest land transaction of 2008 in the country by purchase price. Topolinski is the developer, owning 50% of the Victoria City project.
Greenfield project, a customer focused agency located in downtown Bucharest employs selling agents with value added services including credit brokerage, legal assistance, notary and interior design representation.
Recently commenced acquisitions of new and completed apartments in Bucharest and securing JV partnerships for the development of residential projects in Bucharest. Purchased 66 apartments in August 2012.
The largest land transaction in 2012: Benevo bought the land of 77,000 sqm for €22 million, Vulcan Retail Park. Vulcan Retail Park has a GBA of 30,000 sqm. After buying the land, Benevo brought in a 50/50 JV partner in 2012 and co-developed. In September 2013, Benevo sold their 50% equity stake to JV partner after completing pre-development and de-risking of the project. Project has recently opened and performs successfully.
Benevo recruited Mathieu De Bruin former CEO of Multi Ukraine and Blake Horsley Director of Capital Markets for Colliers International Romania to open their Kyiv office.
Benevo purchased Aversa SA, a pump manufacturing business out of insolvency in September 2013. The business included a 10 ha land plot in Obor, considered the top privately held land plot suitable for retail development in Romania. Benevo restarted production in the factory also in September.
Please consult our terms and conditions for using the information on this website.