Real Estate
Romania Issued More Housing Permits In January
Romanian housing permits were up 6.4% to 1,674 units in January, from 1,573 units in the same month of 2014, the country’s statistics institute INS said Friday.
Office Building Owners In Bucharest Lose EUR100,000/Day On Vacant Spaces
The vacancy rate of the office buildings in Bucharest dropped towards 13% to 14% last year, but about 300,000 square meters are still empty, which translates into some EUR100,000 per day or...
CON-A Bets On 5% Revenue Growth In 2015
Sibiu-based construction company CON-A, one of the 100 largest Romanian-held companies, forecasts revenue of 250 million lei (over EUR56 million) for this year, up 5% on the year, amid marke...
Hercesa Romania Set To Sell Another Land Plot To Continue Investments
Spanish-held group Hercesa, which has invested around EUR150 million in Romania over the past decade to buy land, develop housing compound Vivenda and rebuild Cismigiu hotel, plans to resume...
Russia's O1 Group Seeks 15% In Austrian Immofinanz For Over EUR400M
O1 Group Limited, controlled by Russian businessman Boris Mints, which took over 16% in Austria's CA Immo last year, seeks to buy a 15% stake in Austria's Immofinanz, one of the major proper...
JLL: Banks Sold EUR2B Worth Of NPLs Last Year, Value Could Rise
Banks in Romania sold non-performing loans with a gross book value of nearly EUR2 billion last year, part of which were guaranteed with property, and the value of such transactions could ris...
Bankrupt Residential Compound American Village Put Up For Sale For EUR9.3M
Bankrupt residential compound American Village in northern Bucharest, developed by Mainrom Invest, was put up for sale at a starting price of EUR9.3 million, representing 35% of the debts to...
Oracle Rents One Quarter Of Bucharest’s Sky Tower
US group Oracle, one of the biggest players on Romania’s IT market, rented 10,400 square meters in Sky Tower of northern Bucharest, a space where offices for around 1,000 employees can be fi...
Holcim Cement And Clinker Sales In Romania Rise 7.8% In 2014
Swiss Holcim's cement and clinker sales volumes in Romania rose 7.8% in 2014, due to large projects developed in the Bucharest area, the company said in a report Monday.