11.20.2013

UK Argo Real Estate Opportunities Fund (Argo) has signed rental contract for 9,500 square meters in Era Shopping Park Oradea this fall. more

11.14.2013

Retailers hosted by shopping center Shopping City Ploiesti, which was opened in November 2012, registered sales of over EUR25 million over the past year, the mall said in a press release Thursday. more

11.13.2013

Romania’s Unirea Shopping Center (SCDM.RO) Monday said its net profit rose 47% on the year to 2.4 million lei (EUR0.53 million) in the first nine months of 2013, as costs declined faster than 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

11.11.2013

UK Argo Real Estate Opportunities Fund (Argo) has filed a petition for the voluntary insolvency of its Romanian subsidiary Omilos Oradea, which owns Era Shopping Park Oradea, following litigation with more

11.11.2013

Immochan, the real estate division of France’s Auchan, started construction works Monday in Brasov on its Coresi shopping center that will include 130 stores, 6,000 square meters of entertainment more

11.11.2013

Construction works on four new shopping malls worth around half a billion euros are set to start in capital city Bucharest at the end of 2013 or early 2014. more

10.16.2013

The opening of the Promenada mall in northern Bucharest scheduled for Thursday marks the completion of a EUR300 million investment in the Floreasca City development, one of the largest in Bucharest in more

10.15.2013

The Romanian economy and consumption are stagnating at present because of problems in Europe, says Antonio di Berardino, the Italian who has been running the network of Winmarkt shopping centers for more

09.23.2013

The revamping of the Bucuresti Mall and Plaza Romania shopping centers in Bucharest will begin no later than next spring and end within two years to be ready in time for new competitors, says Razvan more

09.20.2013

The opening in less than a month of the Promenada Mall in northern Bucharest will set off one of the biggest battles for clients in Romanian modern retail: the mall’s owner, Austrian Raiffeisen more

09.19.2013

Card holders spent 11 billion lei (equivalent to EUR2.5 billion) on food, beverages and tobacco, half the overall amount spent by Romanians using cards. more

09.18.2013

The Adamescu family, which owns Astra Asigurari, Unirea Shopping Center, Rex and Intercontinental hotels and two office buildings in Bucharest, plans to invest EUR55 million in the next two and a half more

09.16.2013

South-African investment fund New Europe Property Investments (NEPI) has bought Severin Shopping Center, developed by Belgian group Bel Rom, and an adjacent plot of land of 2.3 hectares, law firm more

09.02.2013

Romania’s Unirea Shopping Center (SCDM.RO) Monday said its net profit doubled on the year to 3.7 million lei (EUR0.83 million) in the first half, as costs declined faster than revenues. more

08.23.2013

Property firm Atrium European Real Estate said Friday its net rental income from the Militari Shopping Center in Bucharest increased 5.3% to EUR3.4 million in the first half of 2013, from EUR3.2 more

08.01.2013

Play zone operator Play Again&The Jack invested EUR1.2 million in a family entertainment center located in Shopping City Ploiesti, which was developed by South-African investment fund New Europe more

08.01.2013

Magheru Boulevard linking Romana Square to Universitatii Square in central Bucharest lacks some of the things that major shopping streets in other European cities have. Thus, international fashion more

07.23.2013

Romanians go to malls to shop and spend their spare time and this trend has started to also take shape in Western European countries where people mainly go to malls for shopping, according to Austrian more

07.22.2013

The five shopping centers owned by Romanian businessman Iulian Dascalu and his office center Palas Iasi generated aggregate rental revenues of EUR30.68 million in the first half of the year. more

07.18.2013

A quarter of Romanian Internet users shop online, while 70% of Romanians search for information on the Internet before deciding what to purchase, according to market research company Daedalus Millward more

07.18.2013

Sixteen companies known to be controlled by businesspersons Gabriel Popoviciu and Radu Dimofte reported total profit of almost EUR30 million in 2012, up 85% on the year, reveals a ZF analysis, with more

07.16.2013

The top performers among malls by revenue per square meter are Baneasa Shopping City, AFI Palace Cotroceni, Iulius Cluj, Bucuresti Mall, City Park Constanta and the Orhideea complex, whose revenue more

07.15.2013

U.S. global package delivery company UPS registered a 15% increase in the volume of deliveries from Romania in the first quarter of 2013 compared with the similar interval a year ago, according to UPS more

07.11.2013

French retailer Cora will open a shopping center in Constanta on July 25, which hosts the retailer’s 11th hypermarket in Romania. more