Real Estate
Globalworth Office Portfolio Reaches EUR1.2B in Romania
Real estate developer Globalworth's office portfolio value grew 35.6% in 2018, to EUR2.5 billion, of which 51%, EUR1.27 billion in Romania and the rest in Poland.
Floreasca Area Preparing for EUR500M Investments
The deals with office buildings and the projects developed by such developers as Skanska and Globalworth could bring EUR500 million investments in the northern area of Bucharest in the next...
Housing Prices Grow 3% YoY in February 2019
Housing prices in Romania grew 3% on the year in February, the smallest annual growth since the global financial crisis, according to a housing market report by Imobiliare.ro.
German Fashion Retailer Kik Opens First Store in Bucharest in Bucur Retail Park
German fashion discounter Kik has opened its first store in Bucharest in Bucur Retail Park in the western part of the city, following an investment of EUR200,000, and plans to reach 30 store...
AFI Romania Owners Have New Shareholders: Two Realty Firms In Israel Control Africa Israel Properties
Africa Israel Investments (AII), a holding-type investment company headquartered in Israel, sold the majority stake, of 51% held, in Africa Israel Properties (AIP), the parent company of AFI...
Globalworth Starts Construction Of New Office Building In Bucharest’s Barbu Vacarescu Area
Real estate developer Globalworth is starting the construction of the Globalworth Square office building, located in Bucharest’s Barbu Vacarescu area, in-between the Globalworth Plaza buildi...
Germany’s GLL Puts Bucharest-Based Floreasca Park Project Up for Sale
German real estate asset management company GLL Real Estate Partners has put up for sale the Floreasca Park office space project in Bucharest, according to data on the real estate market.
Eight Large Companies to Move 10,000 Employees to New Offices This Year
Renault, ING, Deloitte, Enel, UPC, WPP, BNP Paribas and Medicover are among the companies that will move into new offices this year. The eight companies have signed leases for 100,000 square...
Ipsos Interactive Extends Riverplace Office Lease by Six Years
French Ipsos Interactive Services (IIS), a global player in the field of market research, has extended its office lease for 6,000 sqm in the Riverplace office compound in Bucharest by six ye...