03.20.2015

Real estate developer Plaza Centers is negotiating with DIY retailer Dedeman and discount retailer Lidl the sale of a plot of land of 46,000 square meters in Iasi county, northeastern Romania. more

03.02.2015

Businessman Marius Ivan, founder of construction materials producers Dufa and Henkel Bautechnik and developer of office building North Gate, this winter closed down Piata Pipera he opened in 2012 and more

02.09.2015

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

12.18.2014

Euromedic Romania, the company that manages ten medical imaging centers countrywide, expects revenue to rise by 3.5% this year, from 49.5 million lei (EUR11 million) in 2013. more

12.02.2014

Israeli Plaza Centers, developer of the Casa Radio project in Bucharest, sold a land in Hunedoara for EUR1.2 million, on which it was planning to develop a shopping mall. more

10.29.2014

The Romanian logistics market, valued at EUR6 billion, has shifted from speculative constructions in the 2007-2008 period to a period of “built-to-suit” constructions for companies, but this has more

10.07.2014

With a 210,000-sqm built area, EUR165 million investment, 15 cranes and 1,500 workers, Mega Mall, the shopping center that is taking shape in Bucharest’s Pantelimon area, is the biggest site in the more

09.25.2014

World Class Romania, the country’s largest fitness chain, saw revenue go up by 44% in the first nine months of this year. A similar increase was registered in terms of the number of members. more

09.10.2014

Volksbank Romania will open ten business centers in Romania this year, the first of which in November, in Cluj-Napoca, and targets to double its market share on the corporate segment, to 3%, by 2018, more

08.21.2014

Over 126,000 new jobs were created in the Romanian economy in the June 2012-June 2014 period and employers in the field of administrative and support services and in the manufacturing industry hired more

08.05.2014

Victoria Center, located on Calea Victoriei street, Sky Tower (near Promenada mall) and business park AFI Business Park (near AFI Palace Cotroceni shopping center) are Bucharest’s office projects more

07.29.2014

Only two of the shopping centers under construction, namely Bucharest-based Vulcan Value Centre and Targu Jiu Shopping City, both developed by South-African investment fund New Europe Property more

07.16.2014

Shopping center owners find it hard to fill 130 stores as the number of retailers boasting nationwide coverage is small and a large part of them are not expanding at the moment, says Tatian Diaconu, more

06.26.2014

Piraeus Bank Romania, a unit of Greece’s second-largest bank Piraeus Bank, Thursday said it opened its third business center, in southern city of Ploiesti, which will serve small- and medium-sized more

06.12.2014

Polish private equity fund Resource Partners, which controls fitness center network World Class, plans to reach 25-30 units in the next four years, from the current 11, and targets expansion outside more

05.15.2014

The modern retail stock remained unchanged at 1.66 million square meters in Romania as no retail projects were inaugurated in the first quarter of 2014, while only two projects (62,000 sqm) are more

05.07.2014

Sales of shopping centers in Romania are expected to grow nearly 3.5% in 2014, in anticipation of slightly higher salaries and lower prices, but the political instability might have a negative impact, more

03.24.2014

The shareholders of oncology clinic chain Amethyst opened a clinic in Krakow (Poland) last October and plan to launch two similar units in Germany and France in 2014. more

03.04.2014

At present, 15 large shopping centers and 25 hypermarkets are operational in Bucharest, but retailers and real estate developers believe the market is not well covered. Thus, in mid-February, seven more

03.03.2014

World Class Romania, which operates 11 fitness centers in Bucharest, Timisoara and Cluj Napoca, will enter the portfolio of Polish fund Resource Partners, specialized in private equity investments in more

02.21.2014

Seven real estate groups, three of which are Romanian-held, in 2013 generated revenue of almost EUR315 million from operating the malls or office buildings they own, up 12.3% year-on-year, according more

11.20.2013

Plaza Centers, developer of the Casa Radio project in Bucharest, has entered judicial reorganization under Dutch bankruptcy law, to solve its cash flow issues, the Israeli investor announced more

04.08.2013

Israeli Plaza Centers, the real estate developer of the Casa Radio project in Romania’s capital city Bucharest, reported loss of EUR85.9 million in 2012, mainly due to a EUR34.1 million decrease in more

01.24.2013

Israeli-owned real estate developer Globe Trade Center (GTC) and a prospective buyer of three shopping centers in Romania have decided to cancel the transaction. more

11.02.2012

Israeli-owned real estate developer Globe Trade Center (GTC) on Friday said it plans to sell to an international private investor three of the shopping malls it owns in Romania for an estimated 6-7 more