9 feb 2015

The total area of Bucharest’s 50 largest business centers stands at almost 1.5 million square meters, accounting for around 70% of the capital city’s office stock. Foreign groups rule in this more

5 feb 2015

Swedish group Skanska, developing Green Court Bucharest business park in northern Bucharest, rented a 920-sqm space in the second building of the project to HR company Adecco and is in advanced talks more

4 feb 2015

Swiss billionaire Michael Pieper, owner of the kitchen appliance manufacturer Franke, has invested about EUR16 million in land near Timisoara in the last seven years, where he plans to attract more

4 feb 2015

Primavera Development, a company controlled by Tanasoiu family and Dutch-born Eelko Kortaweg, will start developing its first housing project this year, in northern Bucharest. It also plans to open more

29 ian 2015

The halving of the interest rates and the halt of the crisis impact on home prices are driving up residential property transactions, with statistics indicating a rise in sales of leu mortgage loans more

27 ian 2015

Radu Ionescu, a Romanian engineer who has lived in Switzerland for the past almost 30 years, last autumn took over, together with other local construction industry entrepreneurs, Laguna Residence, a more

22 ian 2015

DIY retailer Dedeman, owned by brothers Adrian and Dragos Paval, has earmarked investments of more than EUR60 million for 2015 in network expansion, with the retailer set to open at least four new more

13 ian 2015

Several real estate developers in Romania will seek to attract financing of around EUR300 million this year to take their mall or office projects further, with the biggest funds being needed for the more

12 ian 2015

The office space stock in Bucharest will increase this year by about 100,000 square meters like it did in 2014, while demand is double the supply, Andreea Paun, associate director with the office more

9 ian 2015

Ten office projects in Bucharest either completed or under development attracted 50 new tenants that rented 138,400 square meters together. more

29 dec 2014

Over 100 projects (shopping malls, retail parks, retail galleries) have been opened in Romania in the past 15 years, and 2015 will bring another three malls, in Bucharest, Brasov and Timisoara, in the more

24 dec 2014

The year 2014 was a year of growth for most lines of business from land and commercial property deals to deliveries of new homes, a sector where Bucharest and the Ilfov County in particular did best. more

23 dec 2014

Real estate developer Adama, owned by Austria’s Immofinanz group, sold almost 200 apartments this year and readies to start works on a 77-apartment block in Berceni district of southern Bucharest. more

23 dec 2014

Tiriac Imobiliare, the real estate unit of businessman Ion Tiriac, is set to invest EUR30 million in an office building in Buzesti street, near Bucharest’s Victoriei Square. more

18 dec 2014

Resolute Lar Romania, a company that in 2013 took over the management of Liberty Center mall of Bucharest, plans to turn the project of Rahova district into a shopping center destined to families. more

16 dec 2014

Clubul Rezidential Stejarii (Stejarii/Oak Trees Residential Club) developed by businessman Ion Tiriac in the Baneasa Forest in northern Bucharest has reached 75% occupancy, four years from completion, more

12 dec 2014

Ilinca Paun, who has run the operations of Colliers International, one of Romania’s largest real estate consultancies, for four years, says she’s hit the revenue target for this year, with the more

11 dec 2014

Emilian Radu, former PricewaterhouseCoopers partner, along with Vasile Iuga, Radu Stoicoviciu and Mihaela Mitroi, three partners of the audit and consultancy firm, are investing almost 10 million lei more

10 dec 2014

Hypermarket chains, which have covered the map of Bucharest with 31 units, project sales of almost one billion lei in Bucharest alone in the context where the last month of the year brings sales as more

5 dec 2014

The number of houses and apartments completed in the Bucharest-Ilfov area rose by 84% in the third quarter of the year and by 64% in the first nine months, according to data published by the more

4 dec 2014

Austria’s Immofinanz, the largest office space owner in Romania with more than 200,000 square meters, has chosen a builder and will begin expansion of the IRIDE business park in Pipera, northern more

3 dec 2014

Swedish communications industry group Ericsson, which is currently employing about 3,000 people in Romania, continues expansion and rented an additional 5,000 square meters in Bucharest. more

3 dec 2014

Sorin Scintei, the manager who has run for almost six years City Park mall of Constanta, will take over the position of general manager of shopping center Mega Mall South-African group NEPI is more

2 dec 2014

David Hay, the manager put in charge of the Romanian operations of Israeli group AFI Europe almost four years ago, is getting ready for the delivery of the third AFI Park office building and is more

1 dec 2014

Real estate company Vastint, part of the Inter IKEA group of Swedish billionaire Ingvar Kamprad, is in the process of choosing the builder for its project on the former Timpuri Noi plant site in more