Real Estate
Residential Compound Ibiza Sol 1H Sales At EUR2.5M, 50% Of Apartments Unsold
Insolvent residential compound Ibiza Sol, located in northern Bucharest, sold 21 apartments in the first half of 2014, worth EUR2.5 million, while over half of the 304 apartments are still u...
OBI Leaves Romania, Makes Room For Toy Retailer Jumbo To Move In
German-held do-it-yourself retailer OBI, which entered Romania in 2008, is getting ready to leave the market where it operates seven stores that generated only EUR37 million sales last year.
Kellogg's Rents 2,500 Sqm In Floreasca Park For Service Center
U.S. group Kellogg's, one of the world's largest food industry groups, rented 2,500 square meters in the Floreasca Park office compound in Bucharest, developed by Portland Trust, where it wi...
Lafarge Mulls Selling Romanian Assets Ahead Of Merger With Holcim
The Romanian assets of French group Lafarge are proposed for sale, ahead of the merger with Swiss-based construction materials maker Holcim, to anticipate potential competition authorities’...
Spanish Contractor To Build Targu Mures Beltway For EUR38M
Romania’s roads authority CNADNR awarded Spanish contractor Copisa Constructora Pirenaica a RON167.1 million (EUR38.1 million), contract to build a 11.6-kilometer beltway for Targu Mures, ce...
20 Most Debt-Laden Malls Owe EUR2B
The 20 most debt-laden shopping centers in Romania owe EUR1.9 billion together, ten times the revenue they posted last year, due to the high loans they took out during the boom days of the l...
CBRE: Property Deals In Romania Fell 4.5-Fold In 2Q To EUR66M
Real estate transactions in Romania totaled EUR66 million in the second quarter of the year, down 4.5-fold compared with over EUR300 million in the first quarter, according to real estate co...
Apartment Prices In Main Romanian Cities Slightly Up In 1H
The average apartment prices in Romania’s five main cities, Bucharest, Timisoara, Brasov, Cluj-Napoca, and Constanta, rose a slight 1%-3% since the beginning of the year, with Brasov being t...
Residential Project Asmita Gardens Still 40% Unsold
Over 40% of the apartments in the residential compound Asmita Gardens in Bucharest, under insolvency, are still unsold six years since the compound was open and the average sale rate this ye...