OLD TOWN
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Dutch Investor Buys Bucuresti Department Store For EUR4M
A Dutch investor has bought the building of the former Bucuresti department store, one of the most important retail destinations in Bucharest before 1989, from the heirs of the founders for...
Lipscani Has Potential To Turn Into Retail Hub
Less than a decade ago, Bucharest’s Old Town was a place of derelict buildings, homeless people and stray dogs freely roaming the streets. Now some 200 bars, restaurants and coffee shops pop...
Bucharest’s Old Town Slips Into Mild Depression
Bucharest’s Old Town, the top destination for those going out in the city, which has been growing spectacularly in the last few years despite the economic crisis, “slipped into a mild depres...
Derelict Old Town Building Gets EUR12m Makeover Into Luxury Hotel
Lithuanian-held developer Europa Group has completed a EUR12 million investment in Europa Royale, a luxury hotel in the Unirii area of Bucharest (center of the city).
It Will Be Another 5-7 Years Until The Historic Center Becomes A Fashion Hub
Bucharest’s historic center is dominated by restaurants, coffee shops and bars, which occupy more than half the available spaces, whereas fashion stores, which tend to dominate the centers o...
Bucharest’s Old Town, A Mosaic Of Restaurants And Ruins, Is Worth Over EUR1B
The 57 hectares of land that accommodate Bucharest’s old town can be valued at around EUR1 billion, based on the average price of EUR1,500 to 2,000 per square meter in the area, but the numb...