Real Estate
City Point Residential Complex Developers Prepare Over EUR100m Investments
Israeli-held Shikun & Binui and Red Sea Group, the developers of the City Point residential complex in Aviatiei area in northern Bucharest, plan to build about 1,800 apartments on a plot of...
Bucharest’s 16 Shopping Centers Posted RON800M Revenue In 2014
The 16 shopping centers in Bucharest, among which Baneasa Shopping City, AFI Palace Cotroceni, Sun Plaza and Bucuresti Mall, generated more than 800 million lei (EUR178 million) in revenue l...
ParkLake Shopping Center To Create 2,000 Jobs
Shopping center ParkLake, developed by real estate companies Sonae Sierra and Caelum Development in Bucharest’s Titan district, will be opened in 2016, following an investment of EUR180 mill...
Private Equity Firm, Big Winner Of Bucharest’s Deindustrialization
Two of the largest shopping centers in Bucharest, AFI Palace Cotroceni and Mega Mall, the second Ikea store in Romania, as well as several hypermarkets were or are to open on the former site...
Kaufland Steps Up Expansion In Romania In 2H
Kaufland hypermarket chain, which has a 103-store network in Romania, will spend EUR50 million to EUR70 million to open seven more stores by year-end.
Hornbach Romania Sales Up 9% In 2014
German-held do-it-yourself retailer Hornbach, which has five stores in Romania, saw sales up 9% from 440 million lei to 479 million lei (EUR107 million) in 2014, according to its Finance Min...
Nearly 96,000 Sqm Of Office Space To Be Delivered In Cluj, Timisoara, Iasi And Brasov In 2015
Nearly 96,000 square meters of office space will be delivered in Romania’s cities of Cluj-Napoca, Timisoara, Iasi and Brasov throughout 2015 and the demand will reach some 80,000 sqm, Mihael...
AFI Europe Invests EUR14-15M To Expand AFI Cotroceni Shopping Mall
AFI Europe is going to expand the entertainment area of AFI Cotroceni shopping center by 1,000 square meters, as well as the spaces of fashion retailers and the parking area by another 7,000...
Vizel, AFI Europe: Bucharest Market Not Oversaturated With Malls
Bucharest’s mall market is not oversaturated, despite the openings in the last few years, says Israel Vizel, the manager of the shopping center division of AFI Europe, the owner of AFI Palac...