Real Estate
DTZ: Bucharest Attracted Biggest Office Pre-Leases In CEE In 1H
Romania's capital Bucharest attracted in the first half of the year the two largest pre-lease deals on office space in Central and Eastern Europe (which also includes Prague, Budapest and Wa...
Businessman Gheorghe Iaciu Begins Conversion Of Moldova Mall Into Office Building
Businessman Gheorghe Iaciu, who bought Moldova Mall shopping center in downtown Iasi (NE Romania) from East Balkan Properties early this year, will begin works this week to convert it into o...
Bucharest’s Giant Shopping Center Mega Mall Due To Be Completed Next April
With a 210,000-sqm built area, EUR165 million investment, 15 cranes and 1,500 workers, Mega Mall, the shopping center that is taking shape in Bucharest’s Pantelimon area, is the biggest site...
Romania To Extend First Home Program To Romanians Living Abroad
Romanians living abroad on work and residency permits will be able to buy homes in Romania through the state-guaranteed mortgage lending First Home program, under a guarantee budget of RON25...
Athenée Palace Hilton Gets EUR8 Million Makeover
Athenée Palace Hilton five-star hotel, one of the landmark buildings of Bucharest, will have all its 272 rooms fully renovated, following a EUR8 million investment starting next year.
Hercesa To Invest EUR30M In 3rd Stage Of Residential Compound Vivenda, Renovation Of Old Building
Spanish company Hercesa plans to set off in 2015 the construction of the third stage of residential compound Vivenda in Bucharest and is in talks to start a partnership for the renovation of...
Ruukki Shuts Down Factory In Southern Romania
Ruukki Romania, part of Swedish steelmaker SSAB, will shut down its factory in Giurgiu county, southern Romania, opened in 2008 in a EUR35 million investment.
Dedeman Builds Fourth Store In Bucharest
Dedeman, the largest player on Romania’s DIY market, last month bought a 4.7-ha land plot from former industrial platform Chimopar and has started building its fourth store of Bucharest. The...
Altex Opens 91st Store In Romania
Electronics and appliances retailer Altex will open its 91st store in Romania Friday, in the Plaza Romania shopping center in Bucharest, owned by Turkish real estate developer Anchor.