Real Estate
C&W Echinox: Modern Retail Stock to Top 4 Million Sqm Mark in 2020
Modern retail stock in Romania, consisting of shopping centers, retail parks and commercial galleries with a lettable area of at least 5,000 square meters, has reached 3.96 million sqm and w...
Bogdan Dragomir Buys Residential Building in Bucharest for EUR2M
Bogdan Dragomir has bought an apartment building near Herastrau Park in Bucharest for EUR2 million from Alexandrion, the largest local spirits producer.
Strabag Turnover Grows 12% in Romania in 2019, to RON722M
Austrian-held construction group Strabag posted a turnover of RON772 million in Romania in 2019, 12% higher compared with 2018, finance ministry data showed.
Revamped Mortgage Lending Program Doubles Loan Cap, Triples Down Payment for New Builds
The revamped version of Romania's subsidized mortgage lending program, pending government approval, doubles the loan cap for newly-built housing to EUR140,000 and triples the required down p...
E van Wijk Extends Lease in P3 Bucharest Park by Three Years
E van Wijk, which provides integrated transport and logistics services, has extended its lease of the 10,400 sqm space in the P3 Bucharest A1 industrial park for at least three more years.
Deloitte: House Prices In Romania Up 8.1% In Q1/2020; Trend To Be Kept Throughout 2020
House prices in Romania grew 8.1% in the first quarter of 2020 and the trend will be kept throughout the year, backed by changes to the government-supported First Home program and to the law...
Accor Group Appoints Raluca Mihaescu GM Of ibis Bucharest Politehnica Hotel To Open This Autumn
Accor hotel group has appointed Raluca Mihaescu to the position of general manager of the ibis Bucharest Politehnica hotel, which will be inaugurated in the autumn of 2020.
Sotheby’s International Realty Brand Expands to Romania
Sotheby’s International Realty Affiliates announced Tuesday that Artmark Historical Estate in Romania is the newest member of its global network and will now operate as Romania Sotheby’s Int...
Financial Consulting Firm PCF Investment Banking Brokers EUR85M Transactions In 2020
PCF Investment Banking, a Romanian financial consulting company, has brokered transactions of over EUR85 million in 2020, keeping an increased pace of financial intermediation in the current...