Real Estate
RA-APPS To Lease State Property After Repeated Failed Auctions
Romania's government will allow the state property authority RA-APPS to lease the buildings it manager after failing to sell the assets at auction, as analysts have been warnings for two yea...
SIF Transilvania Mulls Selling Stake In COMCM Constanta For RON33.56M
Regional investment fund SIF Transilvania (SIF3.RO) plans to sell, by secondary public offering, its 56.72% stake in construction materials producer COMCM Constanta (CMCM.RO) for 33.56 milli...
Straco Grup, Lower Revenue And Profit In 2013
Bucharest-based builder Straco Grup, controlled by brothers Alexandru and Traian Horpos, ended 2013 with revenue of 616.5 million lei (EUR140 million), down 29% from 2012.
CBRE: Property Deals In Romania Saw Major Growth In 1Q/2014, To Over EUR300M
Romania ranks third in Central and Eastern Europe (CEE), after Poland and Russia, regarding the value of real estate transactions which saw tremendous growth in the first quarter of 2014, to...
Baneasa Developments Posts EUR10.3M Net Profit In 2013
Baneasa Developments, through which businessmen Gabriel Popoviciu and Radu Dimofte control the retail area of Baneasa project in northern Bucharest, in 2013 generated net profit of EUR10.3 m...
Spedition UMB Posts EUR20M Profit Despite 24% Lower Revenue
Spedition UMB, one of Romania’s largest builders, controlled by businessman Dorinel Umbrarescu, reported revenue of 469.6 million lei (EUR106.2 million) in 2013, down nearly 24% on the year.
Romania, A Profit “Oasis” For Cement Multinationals
Cement giants Holcim (Switzerland) and Lafarge (France), which have recently announced they would tie up, generated together revenue of EUR4.3 billion and net profits of over EUR930 million...
Former Grivita Brewery Land In Bucharest To Host EUR40M Real Estate Development
Kiseleff Development, owned by several Romanian investors, will assign EUR40 million for the construction of an office building and a shopping center on the site of the former Grivita brewer...
Bucharest Office Pre-Lease Contracts Sharply Up In 1Q
The volume of office space pre-lease transactions in Bucharest sharply rose on the year in the first quarter of 2014, representing over 30% of the total leased area, which shows renewed conf...