REAL ESTATE
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Four Office Space Projects Under Construction Since Start Of 2013
The year may have started with rental deals for 1,000 to 4,000 square meters of office space, but several developers feel they have got the right solution to the current market and are willi...
Immochan To Open Construction Sites Worth Over EUR120M In Bucharest And Brasov
Immochan, the real estate division of French-held Auchan, plans to start construction works on two commercial projects worth over EUR120M in Bucharest and Brasov in the coming months, said T...
Apartment Prices Up In Bucharest For Third Straight Month
The average asking prices for old three-room apartments in Bucharest rose in February for the third month in a row to an average of EUR76,200, according to the Real Estate Index compiled by...
Major Owners Made EUR350M From Real Estate In 2012
The ten largest investors on the local real estate market made EUR350 million revenue from malls and office space last year, while some of the groups even saw an increase by 20% to 30% in re...
Greek Investor Papalekas Continues Distressed Asset Acquisition
Low-profile Greek businessman Ioannis Papalekas, who bought bankrupt City Mall and insolvent Tower Center office building in Piata Victoriei in downtown Bucharest, completed another major ac...
Bank Turns Into Real Estate Developer
The real estate arm of Piraeus Bank, Piraeus Real Estate, will invest several million euros to complete six apartment buildings part of the Seasons Residence complex in Brasov (central Roman...
Developers Prepare More Office Space In 2013, Fewer New Retail Projects
The overall office space to be delivered in Bucharest this year will increase considerably compared with 2012, while the number of new retail projects will continue to decrease, real estate...
JLL: Real Estate Investor Sentiment Regarding Romania Improved Towards End-2012
Investor sentiment regarding Romania’s macroeconomic fundamentals improved towards the end of 2012, leading to a more active investment market with a few large transactions in advanced stage...
Notaries: Romania Cashed Lower Revenue From Tax On Property Transfers In 2012
The amount cashed by the Romanian state from taxing revenue obtained from property transfers reached 499 million lei (EUR112 million) in 2012, close to the level in 2011, despite a 17% incre...