Real Estate
NEPI Buys Promenada Mall From Raiffeisen Evolution In Estimated EUR150M Deal
South-African investment fund New Europe Property Investment (NEPI) is buying the Promenada Mall in Bucharest, opened a year ago, in a deal estimated at EUR150 million.
Orange And Schneider Electric Will Move To Green Court Bucharest By Spring
Swedish developer Skanska has completed the first stage of the Green Court Bucharest office compound, which is 90% leased, and tenants will be moving in by spring.
Kingfisher Seeks Tenants For Extra Space Left After Store Remodelings
British DIY retailer Kingfisher is seeking to lease out the space it vacated after remodeling Bricostore units in Romania into Brico Dépôt stores.
Number Of Real Estate Deals Up 3% In January-September
The number of real estate deals in Romania increased by 3% on the year in January-September, to 600,000, the national cadastre agency ANCPI said Friday.
Casablanca Project In Bucharest Enters Insolvency
The developer that planned to build around 1,200 homes in the Casablanca Residence project in Bucharest has entered insolvency, at the request of lender Alpha Bank.
Luxembourg Investment Fund Buys EUR1.2M Real Estate Assets In Bucharest
Luxembourg-based investment fund Tavirama has bought two retail spaces and one luxury apartment in Bucharest for EUR1.2 million, its first transactions on the Romanian market, where it plans...
Sales Of Bucharest's Shopping Malls Higher By Up To EUR2,000/Sqm Vs Malls In Other Cities
Hypermarkets register the highest sales per square meter in dominant shopping malls across Romania and in capital city Bucharest, with EUR4,500 and EUR6,500 on average, respectively.
Da Vinci Group Development Invests EUR3M In Residential Building In Bucharest
Two Romanian businessmen are investing EUR3 million in an apartment building that will have around 90 apartments, located near Bucharest's Tineretului Park.
Sun Plaza Retailers’ 2013 Sales Of EUR170M Boosted Mainly By Coffee Shops
Retailers hosted by Bucharest’s shopping center Sun Plaza reported sales of nearly EUR170 million in 2013, with coffee shops, restaurants and lingerie shops posting the highest sales per squ...