Real Estate
Esop: Office Space Transactions Outside Bucharest Up 60% In 2014
Office space transactions outside Romania’s capital city Bucharest stood at 37,377 square meters in 2014, up 60% on the year and over sevenfold higher compared with 2012, while tenants mainl...
First Home Beneficiaries May Buy Bigger Home Under State-Guaranteed Program
Homeowners who are beneficiaries of the government-guaranteed mortgage lending First Home program will be allowed to buy a bigger or more expensive home under the program, according to a dra...
Developers Set To Complete Offices For 10,000 Employees Outside Bucharest
The office stock outside Bucharest will rise by around 100,000 square meters this year, on a par with deliveries expected in Bucharest.
Cypriot Developer Plans To Invest EUR75M In Romania
Cypriot Developer Plans To Invest EUR75M In RomaniaCyprus-based Mentor Group Holdings plans to invest EUR75 million in Romania this year through its real estate division, Mentor Group Invest...
Banca Romaneasca Can Give RON124M Loans Under First Home Program In 2015
Romanian lender Banca Romaneasca, member of National Bank of Greece group, estimates it will grant mortgage loans worth RON124 million under the state guaranteed mortgage lending First Home...
UniCredit Leases 7,000 Sqm Of Office Space In Iasi, Hires 400 People
Iulius Group, owned by businessmen Iulian Dascalu, has leased UniCredit Business Integrated Solutions 7,000 square meters of office space in United Business Center in Iasi, half of the fifth...
New Apartment Prices In Bucharest Dropped 8.4% In Past Year
Bucharest is the only large city where apartment prices continued to drop this year, especially after a 8.4% drop in asking prices in new residential compounds, while the old apartment marke...
Businessman Marius Ivan And Czech InterCora Turn Piata Pipera Into Pipera Plaza
Businessman Marius Ivan, founder of construction materials producers Dufa and Henkel Bautechnik and developer of office building North Gate, this winter closed down Piata Pipera he opened in...
NEPI Proposes Its Shareholders Dividends Of EUR48M Or Return Of Capital
South African property investment fund New Europe Property Investments (NEPI) is proposing its shareholders the distribution of dividends totaling EUR48.25 million or a return of capital.