Real Estate
Fashion House Outlet Center 89% Rented
The Fashion House outlet at the entrance to the Bucharest-Pitesti Highway is 89% rented seven years from opening and its more than 60 tenants include Adidas, Puma, Mango and Stefanel.
Saint-Gobain CEO Expects High Single-Digit Growth In Romania This Year
Saint-Gobain will see one-digit growth in Romania this year, as the local market is showing signs of recovery after three slow years, says Pierre-Andre de Chalendar, chairman and chief execu...
Immofinanz Romania’s Assets Make 13% Of Group’s Revenue
Austrian developer Immofinanz posted revenue from rents worth EUR11.8 million on the local market in the first quarter of financial year 2014-2015 ended July 31, similar with the same period...
Prices Of New Apartments In Bucharest, Mainly With 2 And 3 Rooms, Grew In September
Prices of new apartments in capital Bucharest grew in September this year, compared to the same month in 2014 and to August 2015, and the apartments with two and three rooms saw the highest...
Romanian Seaside Needs 50 New Hotels To Be On Foreign Tourists' Radar
Foreign tourists accounted for 5% of all tourists that went to the seaside in the summer of 2015, higher from a year before, the seaside resorts still lacking enough accommodation capabiliti...
Bucharest Places 69th In Price Level Ranking Of 71 Cities In The World
Bucharest places 69th in a price level ranking of 71 cities in the world, which excludes rents, while Zurich, Geneva and New York hold the top spots with the highest prices, according to UBS...
Globalworth Plans To Buy Real Estate Assets Of EUR120M In Romania
Globalworth Real Estate Investments, founded and run by Greek businessman Ioannis Papalekas, has signed a memorandum of understanding for the acquisition of a real estate portfolio made up o...
Orbis To Open Two New Hotels In Arad And Brasov
Polish-held Orbis group, which manages seven hotels in Romania including the Ibis chain, as well as Novotel and Mercure in Bucharest, has signed partnerships with entrepreneurs to open two n...
Tiriac Buys Partners Out Of Buzesti Center Office Space Project
A company part of Tiriac Imobiliare, the real estate division of businessman Ion Tiriac, has acquired full control of the Buzesti Center office space project near Piata Victoriei (downtown B...