Real Estate
Ion Tiriac Sets Off Construction Of Tiriac Tower
Țiriac Tower has finalized the first major phase under development – the completion of foundation and the relocation of utilities. Țiriac Tower is the only office space project under constru...
Poll: Housing Prices Seen Stagnating in 2019, Fewer Funds for Mortgage Program
Realtors estimate housing prices will stagnate next year, there will be fewer funds for the government-backed program for first time homebuyers and the three-month money market interest rate...
Israel’s Hagag in Talks to Buy Hotel Building in Central Bucharest
Israel’s Hagag group is about to buy a building on 8-10, Georges Clemenceau Street between Piata Romana and the Athenaeum in Bucharest from Romanian entrepreneur Victor Olaru, market sources...
Japanese Retailer Miniso Opens First High Street Store in Bucharest, in Piata Romana
Japanese retailer Miniso, which sells a wide range of accessories, will open its first high street store in Romania in Piata Romana, one of the most important commercial areas in Bucharest,...
Wallberg Group Gets EUR5.2M Loan from Garanti Bank for Timisoara XCity Towers
Real estate group Wallberg Properties, owned by local entrepreneur Valentin Morar, has secured a EUR5.8 million loan from Garanti Bank for its EUR62 million XCity Towers project in Timisoara...
Decathlon Reaches 5 Stores In Bucharest, 23 In Romania After Opening Unit In Veranda Mall
French-held sporting goods retailer Decathlon will be opening Thursday its fifth store in capital Bucharest, within Veranda shopping center in the Bucur Obor area, and its 23rd in Romania.
AccorHotels To Open ibis Politehnica Hotel In Bucharest In 2020
Orbis Hotel Group, strategic partner of French group AccorHotels, continues its expansion in Romania by signing a management contract for ibis Politehnica Hotel in capital Bucharest with its...
Mazars Relocates Central HQ To Globalworth Campus
Audit and consulting firm Mazars, present in Romania for over 20 years, relocated its central headquarters to Globalworth Campus, located in northern Bucharest.
Futureal Group Sells Stake in ParkLake Shopping Mall for EUR19M
Hungarian real estate development group Futureal has sold its stake in ParkLake shopping center in Bucharest for EUR19 million, the company announced Monday.