Real Estate
AEW Europe Exists Romania, Sells America House Offices to Morgan Stanley
After more than two years of negotiation, French asset management firm AEW Europe is officially exiting Romania after selling its America House office building in downtown Bucharest and the...
Element Industrial Plans to Develop 300,000 sqm of Logistics Parks in Next Three Years
Real estate developer Element Industrial has completed the first stage of its ELI PARK 1 logistics park in the Chitila area, near Bucharest, the company said Tuesday.
Negoita Family Starts Construction of First Three Apartment Buildings Near Ikea Pallady
Negoita family started construction of the first three apartment buildings of the future Hils Pallady Apartments complex on Theodor Pallady Boulevard near the Anghel Saligny subway station.
Forte Partners Targets Nearly EUR100M Investments In Downtown Bucharest
Forte Partners on Monday said it is developing two projects worth EUR40 million and EUR65 million, respectively, which target two office buildings on Bucharest’s Calea Victoriei (Victory Ave...
Winners Park Invest Builds Five-Star Radisson Blu in Cluj
International hotel chain Radisson is expanding in Romania with a new Radisson Blu hotel in Cluj-Napoca, developed by Winners Park Invest, which is indirectly owned by Horia Ciorcila, CEO of...
BNP Paribas Real Estate Targets Industrial Sector, Enhances Logistics Team
BNP Paribas Real Estate Romania, the local real estate consultancy arm of French financial group BNP Paribas, is expanding its Industrial & Logistics department and has appointed Gabriel Nad...
Metropolitan Residence Invests EUR25M In Two Real Estate Projects In Bucharest
Metropolitan Residence, held by Robertino Georgescu and Dan Dragulin, targets investments of EUR25 million in two new real estate projects, in Bucharest’s Mihai Bravu and Viilor areas, which...
Nine Malls Due to Open or Expand Over Next 12 Months
Nine shopping centers of malls of more than 10,000 square meters are to open in Romania over the coming year, including two significant expansions. The latest mall to open in Bucharest was P...
Danubius to Invest over EUR8M in Faget Hotel in Sovata
Hungarian hotel chain Danubius, which owns three hotels in central Romanian tourist resort Sovata, estimates it will invest EUR8 million to upgrade the Faget hotel to three stars and will re...