Real Estate
Groupama Revenues Down 11% In 2013, To RON718M, On Reduced Car Insurance Exposure
Groupama Romania underwrote premiums of RON718 million in 2013, down 11% on the year, as it decided to reduce its exposure on the mandatory car insurance (RCA) segment, the company said Thur...
Benevo Gets Building Permit For Bucharest Shopping Mall Victoria City Center
Real estate developer Benevo, controlled by Canadian businessman Michael Topolinski, Thursday said it obtained the permit for the construction of shopping mall Victoria City Center, which is...
Immofinanz Rented Out 5,400 Sqm Of Office Space In Bucharest In Recent Months
Austrian Immofinanz Group, one of the largest property investors on the Romanian market, has attracted tenants for nearly 5,400 square meters of office space in recent months in the Iride Bu...
ANL Sold 380 Apartments Via “First Home” Program In Last 6 Months
National housing agency ANL sold, between October and April, 380 apartments via the “First Home” mortgage lending program, totaling RON37 million, almost similar with the agency’s total sale...
Geberit Sales In Romania Top EUR6M In 2013
Swiss sanitary parts and systems maker Geberit had sales of over EUR6 million in Romania in 2013 and estimates a growth of up to 10% this year, driven by growth in the construction sector an...
Casa Noastra Owner Invests EUR25M In Residential Compound In Southern Romania
Stefan Cherci, owner of window and door systems producer Casa Noastra, plans to invest EUR25 million in a residential compound in downtown Craiova (southern Romania).
Papalekas’ Real Estate Fund Raises EUR144M On London Market For Further Investments
Globalworth Real Estate Investments, founded and owned by Greek businessman Ioannis Papalekas, one of the most active realty investors in Romania, raised EUR144 million on the London Stock E...
Schneider Electric: The Trend Is Good For Residential Photovoltaic Systems
Roof photovoltaic systems, particularly on the housing segment, will be a new source of growth for the renewable energy sector, but its future depends on the support scheme aimed at small gr...
Building Material Market Hopes To Leave Crisis Behind
The building material market stayed around EUR3.2 billion last year, approximately the same as in 2012. The industry employs 36,000 people and accounts for about one third of the overall con...