Real Estate
Dutch Investors Begin EUR5M Investment To Give Magazinul Bucuresti New Lease On Life
The Magazinul Bucuresti store in Bucharest’s Old Town will be revived by next year’s fall, with demolition and reconstruction work having started on Monday. The investment in the project is...
Veranda Mall Adds Decathlon And World Class As Anchors
Veranda shopping center in the Bucur Obor area of Bucharest will add sporting goods retailer Decathlon and gym chain World Class as tenants, ZF has found. Decathlon will replace French-held...
Immofinanz Reports EUR23.6M Rental Income From Its Romanian Properties In 1H/2018
The properties owned by Austrian-held real estate developer Immofinanz in Romania are worth EUR807.7 million, accounting for 19% of Immofinanz’s overall portfolio, and in the first half of f...
SIF Moldova To Develop EUR100M Residential Compound Near Straulesti Lake
Straulesti Lac Alfa SA, a company held by regional investment fund SIF Moldova and Cityring Property, wants to develop a 1,400-apartment residential project worth over EUR100 million, in fou...
Employee Numbers in Modern Office Buildings in Bucharest to Reach 270,000 by End-2018
The number of employees in Class A and B office buildings in Bucharest reached about 253,000 at the end of the first half of 2018 and is seen reaching 270,000 by year-end considering planned...
Global Vision Plans To Develop EUR200M Industrial Park On Former Voestalpine Plot In Constanta
Real estate developer Global Vision, which bought an almost 100-hectare plot near Constanta Harbor last year, plans to develop an industrial park on it.
Romania Has One of the Lowest Shopping Center Densities in Europe
Romania's shopping center density is of just 107 square meters per 1,000 inhabitants, seven times lower than Estonia and half compared with Czech Republic or Slovakia.
Some 23,500 Employees To Move To New Office Buildings In Bucharest In Fall
Some 23,500 employees will be moving to new office buildings in capital Bucharest, from fall until the end of the year, considering that real estate developers aim to put 224,000 square mete...
Telekom Romania Sells Land in Bucharest to One United Properties for EUR18M
Telekom Romania has completed the sale of a plot of land in the Floreasca area in Bucharest to developer One United Properties for over EUR18 million.