Real Estate
New Shopping Malls To Open Next Year In Romania, After EUR300M Investments
Over 100 projects (shopping malls, retail parks, retail galleries) have been opened in Romania in the past 15 years, and 2015 will bring another three malls, in Bucharest, Brasov and Timisoa...
Real Estate Developers Invested More In Office Space, Less In Retail And Logistics Projects In 2014
Real estate developers in Romania have completed some 165,000 square meter of office space this year, 40% more than in 2013, three shopping centers totaling 70,000 sqm, the lowest since 2006...
Insolvency Practitioner CITR Sold Assets Of EUR50M This Year
Insolvency practitioner Casa de Insolventa Transilvania (CITR) sold assets totaling EUR50 million this year and included residential, industrial, office projects and land.
2014 In Review: Ten Most Important Events In Real Estate
The year 2014 was a year of growth for most lines of business from land and commercial property deals to deliveries of new homes, a sector where Bucharest and the Ilfov County in particular...
Adama: First Home Scheme Supports Residential Sales, But Bigger Efforts Are Needed
Real estate developer Adama, owned by Austria’s Immofinanz group, sold almost 200 apartments this year and readies to start works on a 77-apartment block in Berceni district of southern Buch...
Burger King’s Plans At Its Second Try In Romania: 30 Restaurants In 4 Years And Investments Of Tens Of Million Euros
US fast-food chain Burger King has already set its plans for its second try on the Romanian market: 30 restaurants for the next four years and investments of several million euros, according...
Tiriac Invests EUR30M In Downtown Office Building
Tiriac Imobiliare, the real estate unit of businessman Ion Tiriac, is set to invest EUR30 million in an office building in Buzesti street, near Bucharest’s Victoriei Square.
Hercesa May Start Construction Of Office Building In Bucharest In 2015
Spanish company Hercesa is likely to start the construction of a nearly 5,000-square meter office building on a plot of land it owns in Bucharest’s Piata Unirii Square, within an investment...
BMF Grup 2014 Turnover Seen Up 40% At EUR3.8M
BMF Grup, provider of facility and property management services to companies such as Inditex, H&M, NEPI or Immochan, estimates a 40% higher turnover for 2014, at EUR3.78 million.