Real Estate
Former Armonia Braila Mall To Get New Lease On Life As Production Facility
The former shopping center Armonia in Braila, closed in 2009 after a EUR45 million investment and nine months in business due to poor sales, will most likely be turned into a production faci...
Portland Trust Keeps Floreasca Park In Its Portfolio, Plans To Invest More In Romania
Office building Floreasca Park, which was completed in 2014 and is the most recent investment in Romania of real estate developer Portland Trust, will remain in the company’s portfolio for o...
Belgium’s WDP To Invest EUR4M In Logistics Project In Ploiesti For Spanish Group Roquet
Belgian real estate developer Warehouses DePauw (WDP) will be investing EUR4 million in the development of a nearly 7,000-square meter logistics project near Ploiesti (southern Romania) for...
Anchor: Subway, CCC, Brioche Dorée, New Tenants Of Bucuresti Mall, Plaza Romania
Real estate developer Anchor Grup announced new tenants for shopping centers Bucuresti Mall and Plaza Romania, currently undergoing a remodeling process, which include Subway, Ecco, CCC and...
Policolor Sees 5-6% Rise In Turnover In Romania This Year, To Over EUR30M
Policolor, one of the largest players on the Romanian paint and enamels market, estimates its turnover in Romania will rise 5-6% this year, from EUR29 million in 2013, driven by new product...
GTC's Galleria Malls In Arad, Piatra Neamt, Buzau Drop 17% In Value In 2Q
Galleria shopping malls in Arad, Piatra Neamt and Buzau, owned by real estate developer GTC, were valued at EUR29 million at the end of the second quarter, down 17% compared to the end of th...
Portland Trust Buys 4-Ha Land Plot For New Office Project In Pipera
Real estate developer Portland Trust, founded and run by British businessman Robert Neale, acquired a four-hectare land plot in Pipera with a view to develop a new office project in the wake...
Winmarkt Rental Revenue Fell 20% To EUR4.4M In 1H
Revenues obtained by Italian company Immobiliare Grande Distribuzione (IGD) from renting its 15 Winmarkt shopping centers in Romania dropped 20% to EUR4.4 million on the year in the first ha...
Bank of Cyprus Sells 35% Stake In Romanian Hotel Owner To Austria’s Strabag
Bank of Cyprus on Wednesday said it has signed an agreement to sell its assets related to Societatea Companiilor Hoteliere Grand SRL, a company incorporated in Romania and owner of the JW Ma...