Real Estate
Hercesa Started Works On 3rd Stage Of Residential Compound Vivenda Residencias
Spanish real estate developer Hercesa started the works on the third stage of residential compound Vivenda Residencias in capital Bucharest, in January, within an investment of EUR14 million...
RE/MAX: Real Estate Market Up 10% In 2015, Seen 5% Higher This Year
The Romanian real estate market rose 10% on the year in 2015, in terms of value and volume, while in 2016, it could increase by 5%, according to a study by real estate company Re/Max.
IKEA Expands On Three Fronts In Romania
Sweden’s IKEA only had one store in Romania for eight years, but last spring its strategy changed with investment reaching EUR300 million, according to ZF estimates. The group is pursuing th...
Petrom City Further Development Put On Hold
OMV Petrom (SNP.RO), the only local oil and natural gas producer, intends to complete the Petrom City project in Straulesti, northern Bucharest, where it moved more than 2,500 employees in 2...
AdePlast Turnover Could See Double-Digit Growth In 2016, Backed By Construction Sector
Romanian building materials producer AdePlast estimates a turnover growth of minim 5% in 2016 but the positive evolution of the construction sector could trigger a double-digit growth, busin...
Ikea Real Estate Arm Buys 48-Hectare Land Plot In Bucharest
Vastint Romania, the real estate arm of IKEA group, bought a 48-hectare plot of land in Bucharest and plans to develop a joint, predominantly residential project.
Two In Ten Romanians Want To Buy A Home, Nearly 40% Of Them Do It For First Time – Study
Two in ten Romanians want to buy a home and, for nearly 40% of them, it is the first purchase of this type, 41% already have a home but would like to move to a new one and the rest of them p...
Half Of AFI Park 4 And 5 Office Buildings Pre-Leased
Real estate developer AFI Europe has signed pre-lease contracts for 16,000 square meters of office buildings AFI Park 4 and 5, thus reaching a 50% occupancy rate at the beginning of this yea...
Opus Land Invests EUR20M In 500 Apartments In Cosmopolis Compound
Turkish-owned real estate developer Opus Land will invest nearly EUR20 million this year in the construction of 500 apartments and villas in Cosmopolis residential project in northern Buchar...