Real Estate
Hornbach Buys Former OBI Store In Sibiu, Resumes Expansion
German-held do-it-yourself retailer Hornbach will open a new store in Sibiu in the first half of next year, where it bought an about three-hectare plot and the space that previously housed a...
Bucharest's Business District Moves In The Wake Of EUR600M Investments. What’s Next?
On an area of less than one km around subway station Aurel Vlaicu, real estate investors have erected and continue to develop office buildings where 40,000 people may eventually work. Two of...
Starbucks Opens Two Coffee Shops In Palas Iasi; Reaches 13-Unit Network In Romania
U.S. coffee shop chain Starbucks will be opening two coffee shops in shopping and office center Palas Iasi developed by Iulius Group.
Impact To Deliver 3 New Apartment Buildings In Greenfield Project In Dec, 6 Others In Feb
Impact Developer&Contractor, controlled by businessman Gheorghe Iaciu, is launching the second phase of its Greenfield residential project in northern Bucharest, which consists of nine apart...
GTC Romania Invests EUR1M In Galleria Arad Mall Amusement Park
Real estate developer GTC Romania has invested EUR1 million in an amusement park in the Galleria Arad shopping center, which the company says is the largest entertainment area in a mall in t...
Former Orange Dealer Takes Over RE/MAX Real Estate Agency Franchise, Sells 12 Franchises
Romanian entrepreneur Razvan Cuc, founder of telephony dealer Plus GSM Cluj, a former Orange partner in Romania, bought in 2008 by Spanish fund GED Capital, has taken over the RE/MAX franchi...
Antitrust Watchdog OKs Takeover Of Promenada Mall By NEPI
The Romanian Competition Council approved the takeover of Raiffeisen evolution’s Promenada Mall by South-African investment fund New Europe Property Investment (NEPI).
Completion Of City Business Center Timisoara Postponed 18 Months
Businessman Ovidiu Sandor, developer of office projects City Business Center in Timisoara and The Office in Cluj, will complete the fifth building in Timisoara-based office project next summ...
Lafarge Cement Sales In Romania Up 2% In First Nine Months
French group Lafarge reported a 2% rise in cement sales in Romania in the first nine months of the year, after strong growth in the first quarter and a decline in the second quarter.