Real Estate
NEPI 1Q Revenue Up 52% To RON22M
South African property investment fund New Europe Property Investments (NEPI) reported rental income and other operating revenues worth EUR22.3 million in the first quarter, according to una...
Romania’s Construction Works Up In March; 1Q Output Rises 12.5%
Romania’s construction sector remained on a positive trend in March, concluding one of the best quarters for the industry in recent years.
Marks & Spencer Opens Sixth Store In Romania Thursday
British retailer Marks & Spencer will open a concept store Thursday in the Mega Mall retail center in Bucharest, its second in the past week, after the opening in Plaza Romania.
Roads Authority Selects Contractor For EUR14.5M Ring Road Completion
Romania's road authority has signed a contract with the consortium Eurogen Aninoasa - Aleandri Spa - Pasquale Alo' for the completion of the Tecuci ring road, Galati county, for RON64 millio...
Mega Mall Shopping Center To Open On May 14
Shopping center Mega Mall, developed by South-African real estate investment fund NEPI (NEP.RO) and Austrian company Real4You, will be opened on May 14 and will be the main project of this t...
One In Five BCR Clients Taking Real Estate Loans Opted For Top Floor Apartments
One in five clients of Romania’s largest lender BCR who took real estate loans opted for top floor apartments, due to attractive offers in new residential projects, and the advantageous stru...
Number Of Real Estate Deals Down In January-March
The number of real estate deals in Romania fell by over 7,000, to 199,122 in the first three months of 2015, compared to the same period a year before, the national cadastre agency ANCPI sai...
Garanti Bank Funds Sunflower Residential Development With EUR6M Loan
Garanti Bank has granted three-year EUR6 million loan to General Concrete Land Development, which aims to complete its Sunflower Grand Apartments residential project in downtown Bucharest, t...
NEPI Invests EUR40M In Expanding City Park Mall In Constanta
South-African real estate investment fund NEPI (NEP.RO) has invested EUR40 million in expanding by 21,000 square meters the rentable area of shopping center City Park Mall in southeastern of...