Real Estate
CBRE: EUR38M Logistics Space Transactions Signed In Romania In 1Q/2021
Five transactions with logistics centers were concluded in Romania in the first quarter of 2021, four of which had CTP as buyer, the largest developer and administrator of industrial and log...
Impact Borrows EUR13.4M From CEC Bank To Fund Construction Of Boreal Plus Constanta Residential Project
Real estate developer Impact Developer & Contractor, held by entrepreneur Gheorghe Iaciu, has signed two mortgage loan agreements with CEC Bank worth a total EUR13.4 million, and the funds w...
Shell Romania Set to Start Operations, Rents Offices at Mindspace
Shell Romania, the local subsidiary of oil group Shell, returning to the local market after 15 years, has adopted flexible work spaces from Mindspace for its local team instead of leasing tr...
Marmorosch Bucharest Hotel Opens in Summer after EUR42M
Lithuanian hotel operator Apex Alliance, which owns and operates four other hotels in Bucharest, will inaugurate this summer the Marmorosch Bucharest hotel, Autograph Collection, following a...
Black Sea Bank Funds Energy Efficiency Upgrade of Romanian Households via Garanti BBVA
The Black Sea Trade and Development Bank (BSTDB) is providing a loan of up to EUR10 million to Garanti BBVA Consumer Finance, to finance energy improvements and resource efficiency of reside...
ASIC To Build In Bucharest The First Hotel Under Novotel Living Brand In Eastern Europe
Ion Catutoiu, an entrepreneur engrossed in various investments, including in the real estate sector, and Andrei Stanciu, CEO of construction company Somet Group, will jointly develop a 150-r...
Symmetrica Doubles Profit in 2020, to RON17M
Paving stone manufacturer Symmetrica of Suceava, owned by the Stanciu family, posted a turnover of RON162.2 million in 2020, up 19% on the year, and doubled its profit to RON17.1 million, fi...
Real Estate Developer City Garden Invests EUR16M In 66-Villa Complex In Northern Bucharest
Real estate developer City Garden is investing over EUR16 million in developing a residential complex in Pipera (northern Bucharest) which will comprise 66 villas, a swimming pool and a fitn...
One United Properties Appoints Claudio Cisullo Chairman of Board of Directors
Real estate developer One United Properties, a leading developer of residential, mixed-use and office real estate in Bucharest, announced Friday it has elected Claudio Cisullo as Chairman of...