Real Estate
Adval Asset Management Attracts EUR6M For Refinancing Of Cascade Offices
Adval Asset Management, supported by JLL’s Capital Markets team, has successfully secured the refinancing of EUR6 million of Cascade Offices located in Romania’s capital city Bucharest.
Esop: Bucharest’s Central-Western Area Held One Third Of Total Office Lease Market In 1H
The central-western area of capital city Bucharest accounted for one third of the total office lease market, in the first half of 2016, higher than 10% in 2015, according to an analysis by c...
Werk Property Group Invests EUR30M In Office Project In Timisoara
Werk Property Group, one of the largest real estate developers in Timisoara (western Romania), will invest EUR30 million in developing Vox Technology Park, a project of Class A office space...
Practic Bucuresti Posts RON17M Turnover In 1H/2016
Real estate developer Practic Bucuresti (PRBU.RO), controlled by businessman Radu Timofte, reported a net profit of RON13.4 million in the first half of 2016, up 43% from the same period in...
Imobiliare.ro: Apartment Prices In Romania Rose 1.5% In July
Prices of apartments put up for sale across Romania increased by 1.5% on the month in July, with the average price reaching EUR1,035 per sqm, and by 9.6% compared with July 2015, according t...
Number Of Real Estate Deals In Romania Rose Nearly 10% In January-June 2016
The number of real estate deals in Romania rose nearly 10% on the year in the first half of 2016, to 456,070 contracts, over 40,000 more than in the same period in 2015, the national cadastr...
Primavera Development Builds EUR70M Shopping Mall In Sibiu
Real estate company Primavera Development will build a shopping center in central Romanian city of Sibiu, which is scheduled to be opened in the second half of 2018.
Immofinanz Acquires 26% Of CA Immo Shares
Austrian-held real estate developer Immofinanz has completed the acquisition of over 25,690,163 shares (which represent a nearly 26% stake) of CA Immo from Terim Limited (Cyprus) and of four...
More Than 21,000 Romanians Bought Homes Via First Home Program In 1H/2016
Romania's national guarantee fund for SMEs (FNGCIMM) has granted over 21,000 guarantees under the government-backed mortgage lending First Home program in the first half of 2016, up 40% from...