Real Estate
Auchan Completed Takeover Of 12 Shopping Galleries In 3Q, In EUR261M Deal
Auchan has completed the takeover of 12 shopping galleries near its hypermarkets in the third quarter, following a EUR261 million deal, one of the largest deals on the Central European retai...
Globalworth Buys Office Building Nusco Tower And Nearby Land Plot For EUR50M
Globalworth Real Estate Investments, controlled by Greek businessman Ioannis Papalekas, on Monday announced the acquisition of office building Nusco Tower for EUR46 million and of the nearby...
Globalworth Leases 7,000-Sqm Space In Timisoara Airport Park To German Group Elster
Globalworth Real Estate Investments, controlled by Greek businessman Ioannis Papalekas, concluded a contract with Elster Rometrics, part of German group Elster, for the lease of a 7,000-squa...
Elis Pavaje 2014 Turnover Seen Up 5% At EUR24M
Construction materials producer Elis Pavaje expects a turnover of EUR24 million in 2014, up 5% on the year, mainly supported by sales in the residential sector, and by big commercial and inf...
Bucharest Enters New Housing Boom
The number of houses and apartments completed in the Bucharest-Ilfov area rose by 84% in the third quarter of the year and by 64% in the first nine months, according to data published by the...
Transport Ministry Mulls Restoring Road-Rail Bridge In Olt County For EUR10M
Romanian Transport Ministry plans to restore a road-rail bridge in Olt county, between Slatina and Piatra Olt, a project valued at 43 million lei (EUR9.7 million), VAT included, according to...
INS: Housing Construction Up 7.4% On Year In January-September
Romanian housing construction rose 7.4% to 28,555 units in the first nine months from the year-earlier period, on rising investment in urban areas, the country’s statistics institute INS sai...
Immofinanz Begins Expansion Of IRIDE Business Park
Austria’s Immofinanz, the largest office space owner in Romania with more than 200,000 square meters, has chosen a builder and will begin expansion of the IRIDE business park in Pipera, nort...
Bucharest Second In Europe By 2014-2016 Office Stock Growth Rate
Romania's capital Bucharest will see the second largest growth in office stock in Europe in 2014-2016, when 420,000 square meters are to be delivered, accounting for 20% of its existing offi...