09.25.2012

Only one mall is expected to open on the local market by yearend, the Ploiesti Shopping City, an investment of EUR65 million. more

09.10.2012

EUR210 million or EUR180 million - that is how much international real estate investors were willing to pay, and did in some cases, for a mall in a city other than Romania’s capital Bucharest in more

07.20.2012

Businessman Iulian Dascalu, the biggest owner of shopping centers on the Romanian market, collected revenue of EUR20 million in the first six months of the year from rent at his Iulius Malls in the more

06.15.2012

Inditex, the largest player on the Romanian fashion market, with sales of around EUR150 million last year, will end 2012 with a network of at least 90 stores, 18 more than at the end of 2011 and more

05.03.2012

Retailers in AFI Palace Cotroceni mall in Bucharest, controlled by Israeli group AFI Europe, posted sales of EUR46.1 million in the first three months of this year, up 15% on the similar period of more

04.26.2012

Carrefour Property, the real estate arm of French giant Carrefour, is investing EUR65 million in a mall in Ploiesti (southern Romania) together with an investment fund, thus ignoring speculations more

04.18.2012

Shopping center developers continue investments in Bucharest, with intensive work recorded on three of the city’s construction sites, where cumulated investments are worth around EUR150 million. more

04.05.2012

Real estate developer AFI Europe will soon start construction on a mall in southern Romanian town Ploiesti, 60 km north of Bucharest, with a completion deadline set for the second half of 2013. more

03.29.2012

The mall in the Palas Iasi (NE Romania) project, part of an about EUR260 million investment, the largest outside Bucharest, will open on May 31, one month later than previously announced, Iulian more

03.26.2012

Low consumption and financing problems are the main obstacles making it almost impossible to develop a “genuine” mall at present outside Bucharest, despite the fact that there would be room for more

03.20.2012

Bankrupt mall Armonia, in eastern Romanian town Braila, will be auctioned off in April, with a starting price of EUR25.03 million, as creditor Volksbank hopes to recover some of the EUR28 million more

02.29.2012

Volksbank Romania, the local unit of Austria’s Volksbank AG, could take over the shopping center Armonia Braila, where it was the major creditor, according to liquidator Casa de Insolventa more

02.29.2012

Four of the most popular international retailers with operations on the local market, H&M, Zara, New Yorker and C&A, which already own more than ten stores in Romania, can be found under the same roof more

02.22.2012

Bucharest shopping center City Mall, owned by businessman Ioannis Papalekas, could be turned into a hospital, according to representatives of real estate consultancy firm CBRE Romania. more

02.09.2012

New Europe Property Investments (NEPI) and Carrefour Property on Thursday announced that more than 50% was rented in the Ploiesti mall they are jointly developing. more

02.07.2012

Ali Ergun Ergen, who ran the Baneasa shopping center in northern Bucharest until the end of last year, has been appointed chief executive officer of Anchor Grup again. He was Anchor’s CEO during more

01.13.2012

Businessman Iulian Dascalu, the principal Romanian owner of shopping centers, reached cumulated revenues of over EUR200 million in the ten years since opening his first mall in Iasi, after his malls more

01.10.2012

Raiffeisen Bank International will fund the Promenada Mall project in northern Bucharest with EUR95.5 million, according to Raiffeisen evolution, developer of the shopping center. more

12.29.2011

The mall market in Bucharest could resume strong growth next year when developers of six new projects with over 300,000 square meters of floor space plan to begin construction works. This would take more

12.05.2011

The Diverta bookstore chain has recently closed down its store in AFI Palace Cotroceni shopping center, the mall with the highest visitor traffic in Romania. more

12.01.2011

The shopping centers with poor sales, few clients and hardly any major tenants on the local market are selling at 80% to 90% discount on the prices of 2006 and 2007. The latest deals to prove it are more

11.24.2011

Bucharest has the biggest malls in the country, the tallest office buildings, luxury hotels and famous parks like Herastrau and Cismigiu (north and center of the city). more

11.08.2011

Businessman Iulian Dascalu, owner Iulius Mall network, has reached an agreement with apparel retailer H&M, which will open a store in the mall in Suceava (northern Romania). The complex will also more

11.07.2011

Consultants and appraisers believe the EUR17.3 million price that the shopping center City Mall in Bucharest will be sold for is a reference for the discount banks will have to take in order to sell more

10.31.2011

Shopping center City Mall in southern Bucharest, which went bankrupt in November 2010, has found a buyer for EUR17.3 million. more