Real Estate
Symmetrica Invests EUR1.5M In Production Unit Expansion
Stone paving and curbstone maker Symmetrica will invest EUR1.5 million to expand its factory in Sintereag, Bistrita-Nasaud county, adding a new production line to be open next year.
Adama Completes Last Stage Of Residential Project In Iasi In EUR1.7M Investment
Real estate developer Adama, owned by Austria's Immofinanz, has finished construction of the last stage, which cost EUR1.7 million, on its Copou Bellevue residential project din Iasi, easter...
AFI Europe Gets EUR32M Loan From BCR To Finance Two AFI Park Office Buildings
Romanian lender BCR has granted a EUR32 million loan to AFI Europe for the completion of works on a second and third office building in the developer's AFI Park office compound in Bucharest,...
Secure Property Acquires 122 Apartments In Four Residential Compounds In Bucharest
Cyprus-based Secure Property Development & Investment (SPDI) has acquired 122 apartments in four residential compounds in capital Bucharest, whose net value is estimated at EUR3.3 million.
Euro Insol Sells Logistical Park Near Bucharest For EUR14M
Euro Insol, the judicial liquidator of bankrupt developer MLP Bucharest Sud, has sold the logistical park MLP Bucharest Sud, in Popesti-Leordeni, near Bucharest, to AGI-RRE Hera, for RON62.5...
Lithuanian Developer Hanner Invests EUR37M In Residential Complex In Bucharest
Lithuanian real estate developer Hanner Group has completed the first out of four apartment buildings in the residential complex The Park in Bucharest, which will be finished in 2017 and wil...
Ponta: Romania And China Engrossed In EUR6B Projects For Energy Sector And Infrastructure
Prime Minister Victor Ponta said Thursday that Romania and China are carrying out investment projects worth EUR6 billion, adding that in the current geopolitical context, with Romania backin...
Romania To Lower Special Construction Tax From 1.5% To 1% Of Construction Value - PM
Romania's tax on special constructions, introduced earlier this year, will be lowered from 1.5% to 1% of the construction value, and the tax revenues will be placed at the disposal of local...
Low Vacancy Rate Gives Retailers Little Room For Expansion
Prime retail space supply in Romania has dropped to below 5% in the first half of the year, following a descendant trend both in Bucharest and regional cities, given the lack of new projects...