Real Estate
GTC Sells Galleria Buzau Shopping Mall To Eurosting
Real estate developer GTC has sold the Galleria shopping center in Buzau, the first it built in Romania, to the Eurosting group, which plans to rebrand and reposition it on the market.
Top Ten Hotels In Romania Up For Sale For A Total EUR120M, Study Shows
A hotel complex in seaside report Neptun-Olimp, a hotel in Arad (western Romania) and one in capital Bucharest are the most expensive tourist units put up for sale in Romania, according to r...
Austria’s S Immo Wants To Add 10,000-15,000 Sqm To Sun Plaza Mall Of Berceni
Austrian group S Immo, owner of the Sun Plaza shopping center in southern Bucharest, plans to expand the mall in the space previously occupied by a Mobexpert store that was shut down in the...
U.S. Mohawk Buys KAI Ceramics And Progress Ceramics Romania
U.S group Mohawk, which manufactures carpeting, laminated and tile flooring, has bought Bulgarian group KAI, which operates in Romania through KAI Ceramics and Progress Ceramics, from invest...
U.S. Heitman Sells Mercury Logistics Park Project To Czech CTP
U.S. real estate investment management firm Heitman has recently sold the Mercury Logistics Park project to what sources on the real estate market say would be Czech company CTP.
CA Immo Rental Revenues In Romania Rose 10% In 2014, To EUR33M
Austrian group CA Immo, which owns five office buildings in Bucharest, totaling around 100,000 square meters, had revenues of nearly EUR33 million in Romania last year, 10% higher than in 20...
Pogonaru Family Awaits Bids From Builders To Erect Veranda Mall
Businessman Florin Pogonaru’s family, which plans to develop a shopping center called Veranda on a 4.5-ha land plot close to Bucharest’s Piata Obor, launched the auction for the selection of...
Immochan Set To Open Coresi Shopping Center In The Wake Of EUR60M Investments
Immochan, the real estate arm of Auchan group, will open shopping center Coresi on Brasov’s Tractorul platform this Friday in the wake of investments worth EUR60 million. Tatian Diaconu, the...
Construction Market Dropped Below EUR9B In 2014, Lowest Since Crisis
The Romanian construction market declined 4% last year, to EUR8.9 billion, the lowest level since the start of the crisis, the Romanian Association of Construction Companies (ARACO) said Tue...