Real Estate
Industrial Space Deliveries To Top 1M Sqm in 2018, 70% Up on Year
Industrial space deliveries will record the most spectacular growth in recent history this year, exceeding one million square meters delivered in a single year, up 70% compared with 2017.
Saint-Gobain Reopens Isover Glass Wool factory in Ploiesti after EUR5M Upgrade
Saint-Gobain has reopened the Isover glass wool insulation factory in Ploiesti, southern Romania, after two years of suspended activity and a EUR5 million investment in production line upgra...
Developers Blame Slower Sales Of New Apartments On Labor Shortage
New apartment sales continue as planned at there is no decline in demand, the real estate developers in Romania say, considering the number of apartments sold until this July was higher than...
Spaces Rents 4,100 Sqm in Expo Business Park in Northern Bucharest
Spaces, a dutch concept of flexible work space, part of International Workspace Group, has signed a five-year lease for 4,100 square meters of office spaces in the Expo Business Park project...
Veranda Mall Owner Gets EUR34M from CEC Bank for Expansion
Andrei Pogonaru, owner of the Veranda shopping center in Bucharest, has signed two loan agreements with CEC Bank for a total of EUR34 million to expand and update the mall.
Romania Registers 42,522 Real Estate Deals in September
The number of real estate deals in Romania stood at 42,522 in September, 1,900 more compared with August, according to the national cadastre agency ANCPI.
Orbis Hotel Group To Open ibis Styles Hotel in Bucharest in 2020
Orbis Hotel Group, the largest hotel operator in Eastern Europe and a strategic partner of AccorHotels, has signed a management agreement for a new ibis Styles hotel to be opened in downtown...
CBRE: Modern Retail Stock Exceeds 3.5M Sqm, 32% Located in Bucharest
Modern retail stock in Romania has reached 3.52 million square meters, of which approximately 32% located in the capital city Bucharest, a report by real estate consultancy firm CBRE showed...
Policolor Invests EUR5.4M in New Production Facility
Paint and coatings manufacturer Policolor will invest EUR5.4 million in a new production facility in Bucharest that will raise its production capacity by 130%.