Real Estate
Franke Owner Invested EUR16M In Land Near Timisoara To Sell It To Industrial Investors
Swiss billionaire Michael Pieper, owner of the kitchen appliance manufacturer Franke, has invested about EUR16 million in land near Timisoara in the last seven years, where he plans to attra...
Tanasoiu Family Taps Housing Segment
Primavera Development, a company controlled by Tanasoiu family and Dutch-born Eelko Kortaweg, will start developing its first housing project this year, in northern Bucharest. It also plans...
P3 Completes Takeover Of Europolis Logistic Park And Two Projects In Poland From CA Immo
Czech P3 Logistic Parks has completed the acquisition of Austrian CA Immobilien's portfolio of logistic space totaling 467,000 square meters in Romania (Europolis Logistic Park in Bucharest)...
Mega Mall Shopping Center To Be Opened On April 23
South-African real estate investment fund NEPI (NEP.RO) will open shopping center Mega Mall in capital city Bucharest on April 23, following EUR165 million investments, the company said in a...
Apartment Prices In Large Cities Rose By Up To 17% In January, Declined In Bucharest
The first month of the year brought about a rising trend in asking prices for apartments in large Romanian cities, with a maximum growth of 17.4% in Cluj-Napoca, while prices in Bucharest dr...
Sales Of Leu Mortgage Loans Tripled In 2014
The halving of the interest rates and the halt of the crisis impact on home prices are driving up residential property transactions, with statistics indicating a rise in sales of leu mortgag...
Pharma, Transport, Real Estate And Construction Firms Most Prone To Insolvency This Year
Companies in the pharmaceutical industry, transport companies, real estate and construction firms are most prone to insolvency this year, as over 3,000 businesses in these sectors face major...
Romania Issued Less Housing Permits In 2014
Romanian authorities issued 37,672 housing permits in 2014, 0.3% fewer than in the previous year, the country’s statistics institute INS said Wednesday.
New Investors Reboot Real Estate Project Laguna Residence
Radu Ionescu, a Romanian engineer who has lived in Switzerland for the past almost 30 years, last autumn took over, together with other local construction industry entrepreneurs, Laguna Resi...