Real Estate
Europrefabricate Acquisition Drove Somaco’s Revenue Up 40% In 2014
Somaco construction material group ended last year with EUR36.4 million revenue, an over 40% increase on 2013, according to ZF calculations based on Somaco supplied data.
AFI Could Compete Against Immochan In Brasov
AFI Europe has signed a preliminary agreement to acquire the land owned by retailer Cora in Brasov, where it plans to build a retail center, as Auchan's real estate division Immochan is laun...
Timisoara Has The Largest Industrial Space Projects Under Development, Bucharest Has None
Timisoara has the largest area of industrial spaces under development, 65,300 square meters in two projects to be delivered in the first half of the year, while Bucharest has no such involve...
Romania’s Construction Output Fell 6.7% in 2014, On Infrastructure Works Decline
Last year was another forgettable year for Romania’s construction industry, which cannot yet overcome the crisis.
Flamingo Founder Mulls Building 1,000 Villas In Corbeanca
Businessman Dragos Cinca, founder of electronics retailer Flamingo, will start this year the construction of the first 40 villas of the 1,000 he plans to build over the long term in Corbeanc...
Dedeman Wants To Stake Flag Next To IKEA In Northern Bucharest
Do-it-yourself retailer Dedeman, a company founded by Romanian entrepreneurs Adrian and Dragos Paval, wants to stake its flag next to the IKEA store in northern Bucharest. Dedeman is about t...
NEPI To Expand Promenada Mall By 60%, Has EUR370M In Projects Under Development
South-African real estate investment fund NEPI plans to expand the area of Promenada Mall in Bucharest by over 60% and is currently developing projects amounting to EUR371 million.
Bucharest Housing Supply Rose 70% In January
The number of homes put up for sale in Bucharest in January rose by more than 70% compared to January 2014, and supply rose 81% in central, semi-central and the northern parts of the city, w...
Belgian Developer Liebrecht & wooD Invests EUR110M In Retail Park Near Bucharest
Belgian Developer Liebrecht & wooD will invest around EUR110 million in a retail park in Cernica, near Bucharest, which will include a Fashion House outlet center, a hypermarket, a shopping...