Real Estate
Ambient Sibiu Enters Insolvency
Sibiu-based DIY retailer and construction material distributor Ambient received court approval Tuesday to enter insolvency.
Romania’s Trade, Constructions Sectors Make For 53% Of All Insolvencies
Companies on Romanian retail and wholesale trade as well as the constructions sectors account for 53% of all insolvencies on the local market.
Radisson Hotel Owner Sells Cina Building, A EUR4M Deal
Romanian company Bucuresti Turism (BUTU.RO), which operates Bucharest’s five-star hotel Radisson Blu, is selling the Bucharest based building hosting the restaurant Trattoria Il Calcio as we...
Price Difference Between Apartments In Bucharest City Center And Outskirts Widens
The difference between asking prices of apartments in Bucharest premium and average zones and asking prices for apartments in the city outskirts rose by over 20% in the last 12 months, accor...
Plaza Centers Sells Building In Downtown Bucharest For EUR1.1M
Israeli real estate developer Plaza Centers has sold the Palazzo Ducale building in downtown Bucharest for EUR1.085 million, the company said in a statement Thursday.
Romania Appraisal Market Seen at EUR35M
Romania's appraisal market is estimated at EUR35 million and more than half the market is accounted by relations with banks, Adrian Vascu, head of the national association of licensed apprai...
Prologis Sells Logistic Park On A1 Highway To CTP, Exits Romanian Market
Prologis, one of the largest developers of industrial and logistics parks, sold its logistic park located at kilometer 23 of Bucharest – Pitesti highway to Czech company CTP, and exit the Ro...
Cluj Napoca Apartments, Most Expensive In August- Study
Apartments in Cluj Napoca became the most expensive in Romania in August, outranking Bucharest apartments, after an 11% annual increase of the asking price, according to a study of real esta...
Shopping Malls Focsani Mall And Hello Bacau Reach Revenue Similar To Value Before Insolvency
Focsani Mall and Hello Shopping Park Bacau, insolvent since 2013, estimate for this year revenues similar to those before insolvency, said Ionut Dogaru, country manager Resolute Lar Romania,...