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All Quiet On The Retail Space Front. Why?
Real Estate

All Quiet On The Retail Space Front. Why?

EUR210 million or EUR180 million - that is how much international real estate investors were willing to pay, and did in some cases, for a mall in a city other than Romania’s capital Buchares...

Tudor Ioana Raluca · 10.09.2012 · 00:00 · 5 min
Retail&Consumer

Inditex To End 2012 With At Least 90 Stores In Romania

Inditex, the largest player on the Romanian fashion market, with sales of around EUR150 million last year, will end 2012 with a network of at least 90 stores, 18 more than at the end of 2011...

Radu Bostan · 15.06.2012 · 16:04 · 3 min
H&M Raises Revenues Of AFI Cotroceni Mall By 15% In 1Q To EUR46M
Retail&Consumer

H&M Raises Revenues Of AFI Cotroceni Mall By 15% In 1Q To EUR46M

Retailers in AFI Palace Cotroceni mall in Bucharest, controlled by Israeli group AFI Europe, posted sales of EUR46.1 million in the first three months of this year, up 15% on the similar per...

Radu Bostan · 03.05.2012 · 00:00 · 2 min
Carrefour To Open Mall In Ploiesti After EUR65M Investment
Real Estate

Carrefour To Open Mall In Ploiesti After EUR65M Investment

Carrefour Property, the real estate arm of French giant Carrefour, is investing EUR65 million in a mall in Ploiesti (southern Romania) together with an investment fund, thus ignoring specula...

Radu Bostan · 26.04.2012 · 00:00 · 2 min
Overview Of Works On Four EUR400M Shopping Centers In Bucharest
Real Estate

Overview Of Works On Four EUR400M Shopping Centers In Bucharest

Shopping center developers continue investments in Bucharest, with intensive work recorded on three of the city’s construction sites, where cumulated investments are worth around EUR150 mill...

Cristi Moga · 18.04.2012 · 00:00 · 4 min
Real Estate

AFI Europe Starts Work On EUR35M Mall In S Romania

Real estate developer AFI Europe will soon start construction on a mall in southern Romanian town Ploiesti, 60 km north of Bucharest, with a completion deadline set for the second half of 20...

Andrei Cîrchelan · 05.04.2012 · 16:37 · 1 min
Opening Of Mall In Palas Iasi Delayed Until May 31
Real Estate

Opening Of Mall In Palas Iasi Delayed Until May 31

The mall in the Palas Iasi (NE Romania) project, part of an about EUR260 million investment, the largest outside Bucharest, will open on May 31, one month later than previously announced, Iu...

Radu Bostan · 29.03.2012 · 00:00 · 1 min
DTZ: At Present It Is Almost Impossible To Develop A Genuine Mall Outside Bucharest
Real Estate

DTZ: At Present It Is Almost Impossible To Develop A Genuine Mall Outside Bucharest

Low consumption and financing problems are the main obstacles making it almost impossible to develop a “genuine” mall at present outside Bucharest, despite the fact that there would be room...

Radu Bostan · 26.03.2012 · 00:00 · 1 min
Volksbank Could Take Over Armonia Mall In Deal To Write Off Debts
Banks-Insurance

Volksbank Could Take Over Armonia Mall In Deal To Write Off Debts

Volksbank Romania, the local unit of Austria’s Volksbank AG, could take over the shopping center Armonia Braila, where it was the major creditor, according to liquidator Casa de Insolventa T...

Florentina Dragu · 29.02.2012 · 16:12 · 1 min