Real Estate
Bucharest Apartment Owners Start Testing Market With Price Hikes
Asking prices for old three-room apartments in Bucharest rose by around 2% in the first month of this year, after owners hiked prices particularly in the better areas of the city, such as 1...
Bilka 2014 Turnover Up 29% To RON134M
Romanian steel roof tile maker BILKA Steel, owned by businessman Horatiu Tepes, reported last year a turnover of over RON134 million, up 29% on the year, the company said Monday.
Bucharest’s 50 Largest Business Centers Worth EUR3B And 80% Held By Foreign Groups
The total area of Bucharest’s 50 largest business centers stands at almost 1.5 million square meters, accounting for around 70% of the capital city’s office stock. Foreign groups rule in thi...
Impact Posts Net Profit Of RON4M In 2014, Vs Loss Of RON42.4M A Year Ago
Romanian real estate developer Impact Developer&Contractor (IMP.RO) had a net profit of 4.1 million lei (EUR923,000) in 2014, from a loss of RON42.46 million in 2013, due to gains from asset...
Good Outlooks For Romanian Office Market In 2015-2016
The field of office furniture has very good prospects this year and in 2016 owing to companies mainly developing outside Bucharest, says Christopher Weller, managing partner of office furnit...
Hungarian Firm To Build Wellness Complex For Oradea City Hall For Nearly EUR20M
The Oradea City Hall has awarded a contract of RON86.5 million (EUR19.6 million), VAT included to Hungarian contractor KÉSZ Építo és Szerelo for the construction of a wellness complex in the...
Skanska Attracts Adecco To Green Court Bucharest; In Talks For Carrefour Headquarters
Swedish group Skanska, developing Green Court Bucharest business park in northern Bucharest, rented a 920-sqm space in the second building of the project to HR company Adecco and is in advan...
Czech P3 To Invest EUR35M In Expanding Europolis Logistic Park In Bucharest
Czech P3 Logistic Parks will invest an estimated EUR35 million in expanding with two more buildings the Europolis Logistic Park in Bucharest, which it recently acquired from Austrian CA Immo...
PwC: Large Investments Expected On Romanian Real Estate Market In 2015
The Romanian real estate market is expected to witness large investments in 2015, according to consulting and audit company PwC Romania.