10.23.2014

The shopping center stock in Bucharest (malls, retail parks and shopping galleries) will reach one million square meter lettable area next year, sixteen years after the opening of the city’s first more

10.20.2014

South-African investment fund New Europe Property Investment (NEPI) will invest EUR6 million in renovating Aurora shopping mall in Buzau, bought this summer from businessman Dan Ostahie, jointly with more

10.16.2014

South African-held commercial property company NEPI has become the largest owner of shopping centers in Romania and now owns about 350,000 square meters of lettable space, according to a ZF analysis. more

10.15.2014

Promenada Mall, opened near the Aurel Vlaicu subway station in northern Bucharest last October, following a EUR130 million investment, has mostly reached the targets set for its first year in more

10.07.2014

Businessman Gheorghe Iaciu, who bought Moldova Mall shopping center in downtown Iasi (NE Romania) from East Balkan Properties early this year, will begin works this week to convert it into offices. 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

09.16.2014

George Argentopoulos, the chief executive officer of the company managing the Baneasa Shopping City project in northern Bucharest, says he did not see any rise in average spending in the first seven more

09.15.2014

Swedish fashion retailer Hennes & Mauritz (H&M) will reopen Thursday its store in the Bucuresti Mall shopping center in Bucharest, after it was expanded by nearly 70% to include its home deco more

09.12.2014

The words “mall” and “shopping” entered Romanians’ vocabulary 15 years ago, with the opening, in September 1999, of Bucharest Mall in Vitan district, developed by Turkish group Anchor on the more

08.25.2014

The former shopping center Armonia in Braila, closed in 2009 after a EUR45 million investment and nine months in business due to poor sales, will most likely be turned into a production facility by an more

08.21.2014

Real estate developer Anchor Grup announced new tenants for shopping centers Bucuresti Mall and Plaza Romania, currently undergoing a remodeling process, which include Subway, Ecco, CCC and Brioche more

07.31.2014

Prodplast Imobiliare, through which Romanian businessman Florin Pogonaru is developing a shopping center in the Obor area, plans to launch a bond issue of maximum EUR10 million. more

07.11.2014

Romanian businessman Florin Pogonaru wants to borrow EUR35 million to finance the building of a shopping center in Bucharest via his real estate firms Prodplast Imobiliare, whose share capital will be more

07.04.2014

The 20 most debt-laden shopping centers in Romania owe EUR1.9 billion together, ten times the revenue they posted last year, due to the high loans they took out during the boom days of the local real more

06.04.2014

The occupancy rate of Coresi shopping center reached 75% nine months before opening, which is scheduled for March 2015, while the company is currently negotiating the rest of the spaces. more

05.22.2014

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

04.02.2014

Businessman Florin Pogonaru has signed an agreement with Carrefour for a space of around 10,000 square meters within the shopping center he plans to build through Prodplast Imobiliare, which he owns more

02.13.2014

Bancpost is set to fund, by around EUR17 million, the transformation of City Mall shopping center into an office building, according to the report by Globalworth investment fund controlled by Greek more

02.06.2014

The first entire operational year of Palas center of Iasi, the largest real estate investment outside Bucharest, drove revenue of the Iulius group controlled by businessman Iulian Dascalu, to EUR64.5 more

01.27.2014

The largest ten shopping centers in Bucharest, which cumulate a lettable area of more than 500,000 square meters, attract almost 300,000 visitors and sell EUR3 million to EUR4 million worth a day, more

12.28.2013

The year 2013 witnessed insolvencies, several deals and the opening of new construction materials plants and malls. more

12.18.2013

South-African investment fund NEPI Tuesday concluded this year’s biggest transaction on the Bucharest real estate market, paying EUR81 million for shopping mall City Park in southeastern city of more

11.13.2013

Israeli-owned real estate developer Globe Trade Center (GTC), which developed a network of four shopping centers in Romania under the Galleria brand, sold its mall in the northeastern city of Suceava more

11.05.2013

Portuguese company Sonae Sierra and Irish real estate developer Caelum Development said they got authorization to build shopping center ParkLake in Bucharest in September and construction works will more

10.22.2013

Bucharest’s heavy industry has been turned into scrap iron or relocated on the outskirts at best in the last ten to fifteen years and the former plant sites have and will continue to be used for more