Real Estate
Accor To Buy Orbis' Hotel Services Business for EUR286M
French hotel group Accor has acquired the hotel services division of Polish group Orbis, namely franchise and management contracts over 136 hotels in Central Europe, in a EUR286 million deal...
CTP Secures EUR82M Credit Line to Expand CTPark Bucharest West
CTP, the largest developer and administrator of premium industrial and logistics parks in Romania and Central and Eastern Europe (CEE), has secured EUR82 million from BRD-Groupe Société Géné...
Policolor Invests EUR7M in New Factory in Western Bucharest
Paint and coatings manufacturer Policolor-Orgachim, owned by investment fund Reconstruction Capital 2 (RC2), has completed the construction of a new paint and coatings factory in western Buc...
UK Developer London Partners Completes EUR26M Residential Project in Bucharest
UK real estate developer London Partners has completed SoHo Unirii, a EUR26 million residential project in downtown Bucharest, the company said Tuesday.
Ion Tiriac Set to Develop Mixed-Use Project in Northern Bucharest
Billionaire Ion Tiriac plans to build through Tiriac Holdings the largest real estate project in the Romexpo area on the plot of land he owns there. The new development will include 24 build...
West Gate Extends Lease Contracts For Carestream Dental And Carestream Health
Genesis Property, a company held by businessman Liviu Tudor, has signed lease extension contracts with global company Carestream Dental for five more years and with Canadian firm Carestream...
Ikea Opens Third Pick-Up Point For Collection Of Items Ordered Online; Readies Showroom
Swedish furniture and home décor retailer IKEA has opened a collection point in Constanta (south-eastern Romania), within TOM shopping center, where customers can pick up the products ordere...
Groupe Renault Romania Inaugurates New HQ in Bucharest
Groupe Renault Romania on Friday inaugurated its new headquarters in Bucharest that will host 3,200 employees. The Renault Bucharest Connected building was developed by Globalworth.
Antitrust Watchdog Clears Grivalia Properties REIC Takeover By Eurobank Ergasias SA
Romania’s Competition Council on Friday said it approved the acquisition of Grivalia Properties REIC by Eurobank Ergasias SA because it brings no prejudice to the antitrust laws on the Roman...