Real Estate
Auchan Pays EUR280M For 12 Shopping Galleries
French-held retailer Auchan has reached an agreement to buy 12 hypermarkets and shopping galleries in Romania located in Bucharest, Timisoara and other eight cities. The deal amounts to abou...
Maurer Imobiliare Buys 3.4-Ha Land Plot For Brasov Residential Project
Real estate developer Maurer Imobiliare, founded by businessman Simon Maurer, bought a 3.4 hectares plot of land in Brasov city to build the third stage of residential project Avantgarden3,...
Queisser Pharma Rents 265 Sqm In 35% Occupied Metropolis Bravo Office Building
German pharmaceutical company Queisser Pharma has rented 265 square meters in the Metropolis Bravo office building in Bucharest, remodeled from the former Starlight Suites hotel, real estate...
INS: Romania Housing Permits Up 6.3% On Month To 3,586 In May
Romanian housing permits rose 6.3% to 3,586 units in May, from 3,372 units a month earlier, the country’s statistics institute INS said Monday.
92,000 Square Meters Of Office Space Delivered In Bucharest In H1
Investors completed office buildings with a 92,000 square meter lettable area in Bucharest in the first half, but about half of the space has not found tenants yet, ZF has found from market...
Skanska Invests EUR33M In 2nd Phase Of Bucharest-based Green Court Project
Swedish real estate developer and construction company Skanska is investing EUR33 million in the second phase of Bucharest-based office compound Green Court and plans to finish works on the...
Bucharest’s Tallest Office Towers, Not Money-Making For Now
Sky Tower and Tower Center, Bucharest’s highest office towers, in 2013 generated total revenue worth just EUR2.4 million, though these projects should normally bring rent income worth around...
The Most Expensive Foreclosed Assets Up For Sale
The five most expensive properties put up for sale by BCR, BRD, Banca Transilvania and Raiffeisen Bank on their websites have starting prices of almost EUR50 million.
Colliers Wants To Triple Office Revenue In Romania By Yearend
Colliers International, one of the largest real estate consultancies in Romania, plans to double its team of consultants and brokers in the office department and triple revenue generated fro...