Real Estate
Silver Mountain Residential Compound Put Up For Sale For EUR45.5M
Insolvent Silver Mountain residential project in the central county of Brasov, developed by INR Management Real Estate, was put up for sale by the judicial administrator for EUR45.5 million,...
VIG Won't Join PAID As Long As Its Reinsurance Is Inadequate
Vienna Insurance Group's Romanian businesses will not join the country's Pool of Insurance against Natural Disasters (PAID), which sells mandatory home insurance, as long as its portfolio is...
INS: Romania Construction Works Down In 1Q Despite Increase In March
Romanian construction works advanced strongly in March from a month earlier, but were down in the first quarter compared with the same period of 2013, the statistics institute INS said Wedne...
Leroy Merlin Puts Head Of Turkish Subsidiary In Charge Of Romanian Operations
French executive Frederic Lamy, who has been running Leroy Merlin’s group operations in Turkey since 2009, will be sent to Bucharest to become general manager of the local subsidiary, which...
Bankrupt Cortina Residence Revived By Local Investor
Cortina Residence, a development started by Italy’s Cefin group and investment fund Heitman on a 7,500 square meter plot near the Baneasa (Aurel Vlaicu) Airport in northern Bucharest, has be...
Czech-Held S Group Completes Green Gate Office Building
Czech-held S Group completed the construction of Green Gate office building in Bucharest, which is the biggest office project finalized this year in the capital city, with a rentable area of...
NEPI And Dedeman Buy 22 Hectare Plot In Timisoara
South African property investment fund NEPI and Romanian do-it-yourself retailer Dedeman have bought the 22-hectare site of the former plastic products manufacturer Dermatina in Timisoara (w...
Anchor Grup Expects Plaza Romania To Be At Least 95% Occupied After Remodeling
Anchor Grup, which developed the first shopping mall on the Romanian market, has set off the remodeling and repositioning of shopping center Plaza Romania which is expected to be occupied at...
First Green Court Building 80% Done, 16% Rented
Swedish builder and developer Skanska is almost 80% done with the first building of the Green Court office complex in northern Bucharest, yet has only found tenants for 16% of it. The only t...