Real Estate
Immofinanz: Real Estate Investors Keep Coming To Romania, But Are Not Yet Willing To Invest
Real estate investors have started to come to Romania, but they are not yet willing to invest, said Dietmar Reidl, Chief Operating Officer at Austrian Immofinanz Group, one of the largest pr...
Ericsson Extends Office Space Occupied In West Gate Business Park
Ericsson Romania, the local unit of Swedish telecom equipment producer, will extends by 4,000 square meters the office space occupied in West Gate business park , owned by Genesis Developmen...
Soravia Completes Conversion Of Starlight Suites Hotel Into Office Building
Austrian group Soravia Group has completed the conversion of the Starlight Suits hotel within Bucharest-based compound Metropolis Center into an office building, following an investment of E...
Investment Fund To Acquire Bucharest’s Vitantis Shopping Center
Investment fund Equest Balkan Properties (EBP) is close to completing the sale of shopping center Vitantis Shopping Center to Revetas Capital specialized in the acquisition of "distressed" r...
Romania March Construction Output Rises At Fastest Pace In EU
Romanian adjusted construction output rose 10.3% on the month in March, the largest increase in the European Union, official data showed Monday.
NEPI Set To Reach EUR1.5B Portfolio In Less Than Two Years
In the past five years, the real estate portfolio of investment fund NEPI has swollen from less than EUR100 million to over one billion euros. South-African-born Martin Slabbert, the fund’s...
Militari Shopping Center’s 1Q Net Rental Income Falls Over 17% To EUR1.4M
Property firm Atrium European Real Estate said Friday its net rental income from the Militari Shopping Center in Bucharest fell over 17% to EUR1.4 million in the first quarter of 2014, due t...
Lidl Puts Up For Sale 15 Land Plots In Romania
Germany’s Lild has put up for sale 15 land plots covering more than 8.5 hectares which are adjacent to the stores the company has already opened in several cities of Romania such as Buhusi,...
Rent In GTC Malls In Romania Dropped To EUR3.8/Sqm In 1Q
The average rent in shopping malls owned by GTC in Arad, Buzau and Piatra Neamt reached EUR3.8/square meter/month, from EUR5/sqm in the first quarter of 2013 and EUR4.1/sqm at the end of las...