Real Estate
Practic Bucuresti Seeks To Pay RON10.5M Dividends From 2020 Profit
Real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, has summoned its shareholders on April 15 to approve the proposition of the company’s Executive Board to distribute t...
C&W Echinox: Romanian Hospitality Market Fundamentals Stay Strong
Hotel transaction volume in Romania declined 87% in 2020, to around EUR9.5 million, from EUR75 million in 2019, as the pandemic put investor activity on hold and many sellers postponed their...
One United Properties Repays EUR20M Bonds before Maturity
Real estate developer One United Properties said Thursday it has repaid a four-year bond issue totaling EUR20 million ten months ahead of maturity.
Impact's Bergamot Developments Gets EUR5.7M Loan from Libra Bank
Bergamot Developments, owned by Impact Developer (IMP.RO), has contracted a EUR5.7 million loan from Libra Internet Bank to refinance its loans from parent-company.
Bega Group Opens New ibis Timisoara Hotel
Romanian Bega Group, owned by Marius and Emil Cristescu, opened the new ibis Timisoara City Center hotel at the beginning of March, following an investment of EUR10 million.
PPF Real Estate Goes Shopping Again in Romania
PPF Real Estate, a developer and real estate assets investor held by Czech billionaire Petr Kellner, seeks again to buy office or even industrial buildings in Romania.
Industrial Park for SMEs Reaches 100% Occupancy in 6 Months
Catted Business Park, an industrial park developed exclusively for SMEs by Catted Group in Chitila, near Bucharest, has been fully let in just six months since its construction.
Swiss Millionaire Buys Former Ramada Majestic Hotel in Downtown Bucharest
Visionapartments, a company owned by 44-year-ld Swiss millionaire Anja Graf, signed an agreement Wednesday to acquire the former Ramada Majestic hotel located on Calea Victoriei in downtown...
HAGAG Starts Work on EUR4M Office Conversion in Downtown Bucharest
Real estate developer HAGAG Development Europe, part of Hagag Group of Israel, said Wednesday it has started modernization works on an office building located in downtown Bucharest, an inves...