RAAPPS
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State Property Authority Misses Revenue Target For Third Year Running, Widens Loss
Romania's state property authority RA-APPS continued to ignore real estate consultants' warnings and failed to reach its revenue target from the sale of state property for the third year in a row.
RA-APPS To Lease State Property After Repeated Failed Auctions
Romania's government will allow the state property authority RA-APPS to lease the buildings it manager after failing to sell the assets at auction, as analysts have been warnings for two yea...
RA-APPS Starts Direct Negotiation Sale Of State Property For 30% Less Than Auction Prices
Romania's state property authority RA-APPS has started direct negotiation procedures for the sale of property in its portfolio, at prices 30% lower than asked at auctions it held this year d...
RA-APPS Free To Sell State Property By Direct Negotiation After New Auction Failure
Romanian state property authority RA-APPS third attempt to auction off real estate in its portfolio has failed and may now proceed to sell properties by direct negotiation.
RA-APPS Lowers Asking Prices 20%, Plans New Auction In July
Romania’s state property authority RA-APPS has lowered prices for real estate it plans to auction off by 20%, despite experts warning the only solution for better prices would be a fund list...
Government Lowers Expectations For Sale Of State Properties, After Failed Auctions
Romania's Government has drastically scaled back its expectations for the sale of state-owned buildings managed by RA-APPS, from 706 million lei (RON151.89 million) to RON296.2 million, as m...
Romania To Sell 40 Flats, Commercial Properties In Central Bucharest
RA-APPS, the Romanian authority that administers government-owned real estate, will auction off a large batch of properties in the center of Bucharest, including five business premises and 3...
Romania Sets Off Auctions For Government-Owned Properties In March
The Romanian authority that administers government real estate properties, or RA-APPS, will set up public auctions in March to sell several residences, hotels and land plots it manages.
Romania To Auction Off 733 Government-Owned Buildings
Romania's Government has cleared RA-APPS, the administrator of residences and other buildings used by public institutions, to sell 733 out of a total 1,100 buildings it manages, in public au...