Real Estate
Construction Works On ParkLake Shopping Mall Set Off
Portugal’s Sonae Sierra and Ireland’s Caelum Development have chosen the builder of the ParkLake Plaza shopping mall in Titan district in eastern Bucharest, which has been installing cranes...
Romanian Footwear Retailer Il Passo Mulls Local Production Unit, Stores Abroad
Local footwear store network Il Passo plans to expand abroad after having reached 15 units locally and also open a production unit, Petru Chiriac, the company’s owner told ZF Live.
Sema Parc Launches New Stage Of Real Estate Project In Bucharest
Sema Parc group, controlled by businessman Ion Radulea, announced the launching of a new stage of its real estate project in Bucharest, namely two office buildings, Office 3 and Office 4.
Romania Posts Sharpest Decline In 3Q Construction Output In EU
Romanian construction output fell 11.3% on the year in the third quarter, the sharpest decline in the European Union, compared with a 0.4% drop in the EU28, according to the EU's statistics...
AFI Europe Posts EUR27M Net Operating Income In January-September
AFI Palace Cotroceni and Ploiesti shopping malls and the first two office buildings in AFI Park in Bucharest generated net operating income of over EUR27 million in the first nine months of...
Israeli Investor Completes EUR2.5M Residential Project In Bucharest
Meric Capital, private capital fund manager created by Israeli-based Plotkin Project, finalized its first real estate project in Romania, in downtown Bucharest, following EUR2.5 million inve...
Overall Sales Of DIY Stores In Romania Up 12% In 1H, But Half Of Networks Saw Declines
The total revenue of six of the biggest players on the Romanian DIY market--Dedeman, Ambient, Bricostore, Praktiker, Hornbach and Leroy Merlin--rose by 11.8% in the first half of this year,...
GTC’s Three Shopping Malls In Romania Generate 7% Higher Rental Income In First 9 Months
Real estate developer GTC reported revenue of EUR2.8 million from renting its three shopping centers in Romania, up 7% on the year, due to a slight increase in the average rent and its decis...
Militari Shopping Center’s 9-Month Net Rental Income Down 12.1%, To EUR4.4M
Property firm Atrium European Real Estate said Tuesday its net rental income from the Militari Shopping Center in Bucharest fell 12.1% to EUR4.4 million in January-September 2014, partly due...