30 iun 2014

Investors completed office buildings with a 92,000 square meter lettable area in Bucharest in the first half, but about half of the space has not found tenants yet, ZF has found from market data. more

26 iun 2014

Sky Tower and Tower Center, Bucharest’s highest office towers, in 2013 generated total revenue worth just EUR2.4 million, though these projects should normally bring rent income worth around EUR12 more

25 iun 2014

Colliers International, one of the largest real estate consultancies in Romania, plans to double its team of consultants and brokers in the office department and triple revenue generated from this more

25 iun 2014

French group Carrefour is expanding further on the hypermarket segment in Romania and is set to open two large stores in southern Bucharest and in Targu-Jiu in the next three months. more

20 iun 2014

New office spaces with an area of around 130,000 square meters have been completed in Bucharest over the past six months, with almost half of these being vacant, and developers have new projects more

19 iun 2014

Dedeman Bacau, the do-it-yourself retail business of Bacau brothers Adrian and Dragos Paval, became the 2013 leader of the companies created by Romanian entrepreneurs, with 2,679 million lei (EUR608 more

17 iun 2014

South Africa’s NEPI, which has a property portfolio of around EUR1 billion in Romania, last week obtained the construction permit for an office building next to the Government headquarters in more

16 iun 2014

Mobile telephony operator Orange Romania rented a 13,700-sqm area in Green Court, an office building developed by Swedish group Skanska in northern Bucharest close to Promenada mall and the future more

16 iun 2014

The highest loss posted by a company in Romania last year stood at EUR220 million and was reported by Oltchim. Financial institutions posted five of the ten highest losses in 2013. more

12 iun 2014

Romania’s capital city is the most productive market for owners of shopping centers, followed by Cluj, Iasi, Constanta and Timisoara. more

10 iun 2014

Austria’s Immofinanz is looking into several options to include an office building in downtown Bucharest into its portfolio, said Sorin Visoianu, the executive who five years took over the more

28 mai 2014

Timisoara businessman Ovidiu Sandor, who developed and sold the City Business Center (CBC) business park in that city to property investment fund NEPI, has completed the first office building of The more

26 mai 2014

Christian Beck, who was appointed chief executive officer of Rewe Romania, the owner of the Penny Market and XXL Mega Discount store chains, at the beginning of 2013 has left the company after only more

23 mai 2014

Germany’s giant Allianz has rented out an office space of around 3,500 square meters in the Floreasca Park project, in northern Bucharest, in order to develop a global services center. more

22 mai 2014

Ten shopping centers in Bucharest and in the rest of the country posted some EUR190 million revenue together last year, while the sales of their tenants can be put at EUR1.4 billion. more

19 mai 2014

So far, 25 hypermarkets have been built in Bucharest, operated by Carrefour, Auchan, Kaufland and Cora networks. In the next two years, their number could go to 36 or even 40 units, in the wake of more

19 mai 2014

In the past five years, the real estate portfolio of investment fund NEPI has swollen from less than EUR100 million to over one billion euros. South-African-born Martin Slabbert, the fund’s chief more

15 mai 2014

Romanian construction material distributor Arabesque held by businessman Cezar Rapotan posted revenue of EUR340 million on its home market last year, 3% lower from 2012, while its net profit shrank more

14 mai 2014

The Liberty Center mall in southwest Bucharest district Rahova, an about EUR70 million investment completed at the end of 2008, is still ailing two years after its creditors, Alpha Bank, Eurobank and more

13 mai 2014

French executive Frederic Lamy, who has been running Leroy Merlin’s group operations in Turkey since 2009, will be sent to Bucharest to become general manager of the local subsidiary, which is now more

13 mai 2014

Cortina Residence, a development started by Italy’s Cefin group and investment fund Heitman on a 7,500 square meter plot near the Baneasa (Aurel Vlaicu) Airport in northern Bucharest, has been more

12 mai 2014

South African property investment fund NEPI and Romanian do-it-yourself retailer Dedeman have bought the 22-hectare site of the former plastic products manufacturer Dermatina in Timisoara (western more

8 mai 2014

Swedish builder and developer Skanska is almost 80% done with the first building of the Green Court office complex in northern Bucharest, yet has only found tenants for 16% of it. The only tenant more

7 mai 2014

Owners of old 3-room apartments in capital Bucharest gathered up courage at the beginning of this year and started slightly raising the asking price in certain districts of the city. more

7 mai 2014

Real estate developer AFI Europe, controlled by Israeli billionaire Lev Leviev, started works for buildings four and five of AFI Park office project, built around AFI Palace Cotroceni shopping center more