Real Estate
NEPI To Repay Loans, Fund New Acquisitions After Capital Increase
South-African investment fund New Europe Property Investment (NEP.RO) plans to use its recently acquired new capital to repay old debt and finance new investments, the fund said in a stock e...
Romanians Spent More Than EUR1B On Houses In 2013
Almost 36,000 houses up to two-story tall were built in Romania last year, following investments estimated at more than EUR1 billion, while only 4,500 apartments in apartment buildings at le...
JLL: Developers Completed Office Buildings For 8,000 Employees In 1H, But No Shopping Mall
Real estate developers completed in the first half of 2014 office buildings for another 8,000 employees in Bucharest and 60,000 square meters of industrial space countrywide, but no shopping...
Italian Contractor To Build Caracal Beltway For EUR11.6M
Romania's roads authority CNADNR has awarded a RON51.6 million (EUR11.6 million) contract for the construction of the Caracal beltway to Italy's S.E.CO.L.- Societa Edile Costruzioni e Lavori...
Revetas Capital Buys Vitantis Shopping Center In Bucharest For More Than EUR20M
Equest Balkan Properties (EBP) has sold its Vitantis Shopping Center in Bucharest to Revetas Capital, which specializes in the takeover of projects in financial difficulty, in a deal that en...
Darian: Prices Of Land For Development Of Realty Projects Down 4% In 1H
The price of land used to develop real estate projects in Romania fell on average 4% on the year in the first half, according to valuation and consultancy firm Darian.
Darian: Residential Market Remains Fragile Although New Housing Sales Are On The Rebound
Improved access to loans coupled with lower asking prices from residential developers in recent years have led to a visible comeback in new apartment sales but the Romanian residential marke...
20 Largest Hotel Owners Account For 30% Of Romanian Market
The 20 largest hotel owners in Romania account for one third of the local hospitality market, estimated at 3.35 billion lei (EUR750 million) and largely dominated by four and five-star hotel...
Papalekas Bought EUR300M Worth Of Real Estate Assets Since Start Of Crisis
Greek-born Ioannis Papalekas, one of the lowest-profile investors on the Romanian real estate market, has invested more than EUR300 million in office, retail and industrial space and several...