Real Estate
NEPI Shareholders To Receive New Stock Worth EUR23.5M
South-African property investment fund New Europe Property Investments, or NEPI (NEP.RO), will distribute its stockholders new shares worth EUR23.51 million for the six months ended December...
1Q Office Space Demand Up 13% In Bucharest, 50% In Major Cities
More than 60,000 square meters were leased in Bucharest in the first quarter, an increase of 13% on the year-ago period, according to Colliers International data, and more than a quarter of...
Contracts With McDonald’s And Petrom Drove Havi Logistics To Over RON500M In Revenue
Havi Logistics, a major player on the Romanian logistics market after signing a contract with OMV Petrom Marketing in 2012, last year went beyond the 500 million lei mark (EUR113 million) in...
INS: Adjusted Construction Works Inch Higher In February
Romanian construction works advanced 0.8% in February from a month earlier, fueled by higher demand for new constructions, the statistics institute INS said Wednesday.
NEPI Raises EUR80M Via Book Build To Fund Future Developments, Potential Acquisitions
South-African property investment fund New Europe Property Investments (NEP.RO) Tuesday raised around EUR80 million through a book build process which was substantially oversubscribed, and t...
Insolvency Practitioner CITR Sold Real Estate Assets Of EUR10M In March
Romanian insolvency practitioner Casa de Insolventa Transilvania (CITR) sold real estate assets in of around EUR10 million in March, including a EUR1 million penthouse in the Alia Apartments...
Kaufland Demolishes Grivita Brewery To Develop Real Estate Project
Kaufland, the biggest player in Romania’s food retail, and businessman Ionut Dumitrescu, the founder of Eurisko consultancy (the current CBRE Romania), have started pulling down the former G...
H&M In Romania, EUR5.4M Profit In 2013
Each employee of H&M Romania brought the company net income of EUR10,250 in 2013, up 13.5% from 2012, but almost 40% lower than the average contribution of an international employee to the S...
Danish Furniture Retailer JYSK Opens Store In Colosseum Retail Park; Shopping Center To Be Expanded
UK-held Nova Imobiliare is considering expanding the Colosseum retail park in Chitila, near Bucharest, by 15,000 square meters, after Danish furniture retailer JYSK rented a 1,200 sqm space...