Real Estate
ZF Index: Prices Of 3-Room Apartments In Bucharest On The Rise For Third Consecutive Month
Owners of old 3-room apartments in capital Bucharest gathered up courage at the beginning of this year and started slightly raising the asking price in certain districts of the city.
AFI Starts Digging Works For Two More Office Buildings Of AFI Park
Real estate developer AFI Europe, controlled by Israeli billionaire Lev Leviev, started works for buildings four and five of AFI Park office project, built around AFI Palace Cotroceni shoppi...
Lafarge Cement Sales In Romania Up 37.4% In 1Q
French group Lafarge posted a 37.4% growth in cement sales in Romania in the first quarter, mainly due to favorable weather conditions that allowed an early start on construction projects, t...
Lidl Sets Eyes On Former Bragadiru Brewery For Expansion
Germany’s Lidl, which owns in Romania a network of over 170 stores with annual sales of around EUR700 million, plans to expand to Bragadiru, near capital city Bucharest, on a land plot of th...
Cristian Ustinescu Takes Over As Senior Transaction Manager At Immofinanz Group
Cristian Ustinescu, former investment director at real estate consulting firm DTZ Echinox, has taken over as senior transaction manager with Austria’s Immofinanz Group.
Unirea Shopping Center Seeks Bank Loan Of Up To EUR70M For Investments
Romania’s Unirea Shopping Center (SCDM.RO) wants to take out a bank loan of up to EUR70 million for investments planned on the two shopping centers it holds in Bucharest and Brasov.
Petrom Sells Real Estate Assets
OMV Petrom (SNP.RO), the largest oil and natural gas producer in Romania, is selling about 70 pieces of property, such as land, apartments, corporate buildings, a sports center and a public...
JW Marriott 1Q Revenue Falls In Line With Expectations
Bucharest’s five-star hotel JW Marriott, the second largest luxury hotel by number of rooms, ended the first quarter of this year with flat revenue against the same period of 2013, according...
Strabag: Romania Increasingly Appealing For Multinationals
Austria’s group Strabag, which built two highway sections between Deva and Sibiu, predicts the Romanian constructions market will advance by 5.8% this year as both private and public investm...