Real Estate
Symmetrica 2015 Turnover Seen Up 5% To RON77M
Stone paving and curbstone maker Symmetrica estimates its turnover will increase by 5% this year, to over RON77 million (EUR17.3 million), the company said Tuesday.
CEC Bank Mulls Recovering Part Of Loan Granted To Green City Developer
Real estate compound Green City, developed by Green City Construct, controlled by businessman Dumitru Bucsaru, was put up for sale by its legal administrator, for EUR20 million, while CEC Ba...
Prices Of Old 3-Room Apartments In Bucharest Fall By EUR1,600 In March; Average Price Does Not Go Below EUR75,000
The average asking price of old three-room apartments in Bucharest went down in March for the first time since the start of the year, hitting an average of around EUR75,300, according to ZF...
Liebrecht & wooD Invests EUR600,000 In Remodeling Part Of Fashion House Outlet Centre
Belgian developer Liebrecht & wooD has refurbished one of the three units of Fashion House outlet in retail park West Park, Bucharest, following EUR600,000 investments, the company said Thur...
Four Foreign Investors Own Over 1 Million Square Meters Of Malls And Offices In Romania
NEPI, Immofinanz, AFI Euroe and Globalworth are now the four biggest foreign investors on Romania’s real estate market, with the four groups having assets worth EUR3.3 billion in their portf...
AFI Palace Arad On Hold Due To Romania's Economic Situation
Construction of the AFI Palace Arad retail park, which was originally supposed to start in 2008 and be completed in 2010, no longer has a timeline, according to company officials, who say th...
Bucharest Apartment Prices Up In March, Down In 1Q
The prices of new apartments in Bucharest rose 3.4% on the month in March, but in the first quarter of 2015, apartment prices were 2% lower compared with the same period a year earlier, acco...
Luxury Apartment Rentals In Bucharest Up 15% In 1Q
The number of luxury apartment rental deals in northern Bucharest grew by an average 15% in the first quarter, with a peak of 21% in the areas Aviatorilor, Dorobanti, Primaverii and Floreasc...
Globalworth Completes Takeover Of Nusco Tower, Unicredit Building In A EUR89M Deal
Globalworth Real Estate Investments, founded and controlled by Greek businessman Ioannis Papalekas, completed the takeover of office buildings Nusco Tower and Unicredit Building, following t...