Real Estate
Lindab 2014 Sales Seen Up 10% From EUR20M In 2013
Swedish constructions and ventilation systems provider Lindab reported nearly EUR20 million sales in Romania in 2013, and estimates a minimum 10% sales increase in 2014, mainly based on the...
Office Rents In Romania Seen Rising In Next Quarter - Poll
Companies in real estate expect rents on the local office space market to rise in the next quarter, for the first time in the past years, as the gap between demand and supply of available sp...
Comnord Builds Proiect Bucuresti’s Office Compound For EUR23M
Romanian constructions company Comnord, owned by businessman Sorin Creteanu, will build an office compound for Proiect Bucuresti company, downtown Bucharest, a contract worth EUR22.8 million...
Somaco Invests EUR8M To Buy Europrefabricate Plants And Expand
Construction materials maker Somaco, onwed by Swedish investment fund Oresa Ventures, is investing EUR8 million to acquire the Europrefabricate plants in Timisoara and Targoviste, and to fin...
Coresi Shopping Mall Occupancy Rate At 75%, Nine Months Before Opening
The occupancy rate of Coresi shopping center reached 75% nine months before opening, which is scheduled for March 2015, while the company is currently negotiating the rest of the spaces.
Auchan Romania Expects Bigger Sales This Year
The new head of retailer Auchan România, Frédéric Bellon, estimates a growth in sales this year, after a minor increase in the first months of the year compared with the same period of 2013.
INS: Housing Construction Rises 7.6% On Year In January-March
Romanian housing construction rose 7.6% to 8,270 units in the first quarter from the year-earlier period, on higher activity in urban areas, the country’s statistics institute INS said Wedne...
PAID Damage Claims In January-May Match Equal 75% Of 2013 Claims
Romania’s Pool of Insurance against Natural Disasters (PAID), which issues mandatory home insurance, paid damage claims of RON358,380 in January-May, 75% of the total damage claims it paid t...
GTC New Shareholders Plan New Developments Or Acquisitions In Romania
The new shareholders of GTC Romania, one of the main local real estate developers, plan to develop new projects and to acquire projects in the early stages of development, particularly on th...