Real Estate
CIT Grup Buys EUR6.2M Office Building in Central Timisoara, Enters Real Estate Business
CIT Grup of Timisoara, the main Romanian distributor on the niche of refurbished IT equipment, has acquired the building former Nokia building in the city center for EUR6.2 million, entering...
WB: 55% Of Romania’s Housing Units Built Before 1970, 35% Need Urgent Repairs
55% of Romania’s housing units were built before 1970 and 35% of the country’s 8.5 million housing units need urgent repairs, as per a survey presented Wednesday by Ashna Mathema, Senior Urb...
CBRE: Romania’s Logistics & Industrial Space Market May Reach 3.9 Mln Sqm End-2018
Romania’s industrial and logistics space market could reach 3.9 million square meters at the end of 2018, considering that the modern logistics and industrial space stock reached 3.4 million...
Corporate Office Solutions Opens Concept Store Within Timisoara-Based ISHO Offices
Corporate Office Solutions (COS), specializing in turn-key office interiors, is expanding in western Romania by opening a showroom within ISHO Offices project in Timisoara (western Romania),...
Opus Land Residential Development Buys 9-Ha Land For EUR2.4M
Opus Land Residential Development, the developer of Cosmopolis residential project, has bought a nine-hectare plot of land, for EUR2.4 million, which belongs to the company Atlas Construct I...
InterDoga Gets EUR5M Loan from OTP to Fund Green Park Iasi Residential Project
German group InterDoga, which bought the Green Park residential project in Iasi, eastern Romania, this spring, borrowed EUR5 million from OTP Bank Romania to cover the acquisition of 181 apa...
PAID Approved Flood Damage Claims of RON3M in Jan-Aug
The Romanian Pool of Insurance against Natural Disasters (PAID) approved 720 flood damage claim files in the first eight months of 2018, totaling RON3.06 million, PAID CEO Nicoleta Radu said...
Local Entrepreneur Invests EUR62M in Residential Project in Timisoara
Real estate group Wallberg Properties, owned by local entrepreneur Valentin Morar, plans to invest EUR62 million in a residential project in Timisoara, western Romania.
Office Vacancy Rate Hits 9-Year Low in 1H at 8%, Bucharest Modern Stock Reaches 2.79M Sqm
The vacancy rate of offices in Bucharest reached 8% in the first half of 2018, the lowest rate in nine years, and modern office stock reached 2.79 million square meters, real estate consulta...