REAL ESTATE
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Petrom Sells Real Estate Assets
OMV Petrom (SNP.RO), the largest oil and natural gas producer in Romania, is selling about 70 pieces of property, such as land, apartments, corporate buildings, a sports center and a public...
CBRE: Property Deals In Romania Saw Major Growth In 1Q/2014, To Over EUR300M
Romania ranks third in Central and Eastern Europe (CEE), after Poland and Russia, regarding the value of real estate transactions which saw tremendous growth in the first quarter of 2014, to...
Former Grivita Brewery Land In Bucharest To Host EUR40M Real Estate Development
Kiseleff Development, owned by several Romanian investors, will assign EUR40 million for the construction of an office building and a shopping center on the site of the former Grivita brewer...
Romtelecom Hires KPMG To Appraise Its Real Estate Assets
Romtelecom, one of the largest telecom operators in Romania, has chosen audit and advisory firm KPMG to appraise its real estate assets throughout the country. Romtelecom owns almost two mil...
SIFs Shift To Real Estate, Distressed Companies And Agriculture For Investment
SIF Banat-Crisana (SIF1.RO), SIF Moldova (SIF2.RO) and SIF Muntenia (SIF4.RO) plan to continue selling banking stock in 2014 and shift investments to less traditional activity fields for the...
Shimon Galon Leaves GTC After 15 Years
Shimon Galon, one of the savviest real estate developers on the Romanian market, has left GTC Romania after 15 years at the company’s helm. From this position he coordinated office, retail a...
Number Of Real Estate Deals In Romania Rose Over 8% In January
The number of real estate deals in Romania increased 8.2% on the year in January, to 59,701, the national cadastre agency ANCPI said Tuesday.
New Wave Of Retail Investments: 7 New Construction Sites In Bucharest
At present, 15 large shopping centers and 25 hypermarkets are operational in Bucharest, but retailers and real estate developers believe the market is not well covered. Thus, in mid-February...
Finance Ministry Mulls Capping Cash Payments For Real Estate Transactions To RON50,000
The Romanian Finance Ministry considers limiting cash payments for houses or cars transactions to RON10,000, like in the case of cash payments between individuals, or even to RON50,000 for r...