Real Estate
Real Estate Magnate Dragos Dobrescu Buys Minority Stake In Romprest
Dragos Dobrescu, one of Romania’s most powerful real estate investors, got the Competition Council’s green light to enter the shareholding structure of Romprest, the professional cleaning an...
Immofinanz Puts Its 300-Ha Lands In Romania Under Scrutiny In View Of Further Developments
Austrian group Immofinanz, one of the largest property investors on the Romanian market, has started to analyze the 300 hectares of land it owns in Romania, including through real estate dev...
Papalekas Wants To Buy UniCredit HQ In Bucharest For EUR43M
Greek businessman Ioannis Papalekas, one of the most active investors on the Romanian real estate market in the last few years, wants to buy the UniCredit HQ office building near Piata Prese...
Nissen, Sonae Sierra: I’m More Relaxed Now As I Can Smell Concrete
Portugal’s Sonae Sierra group, which, together with Irish-held Caelum Development, in early January started construction works for ParkLake Plaza mall of Titan, is in talks with several fore...
DIY Retailer Obi To Leave Romania - Sources
German DIY retailer Obi is preparing a withdrawal from the Romanian market this year after registering losses each year starting 2008, when it opened its first Romanian store, people close t...
Cemacon Cuts Share Capital By RON25.7M Due To Losses
Shareholders of Romanian brick maker Cemacon (CEON.RO) approved the share capital decrease by RON25.7 million, to around RON526,000, due to losses amassed by the company over the last five y...
Bricostore Romania Stores Had Sales Of GBP72M And Profit Of GBP1M In June-Dec 2013
Bricostore Romania stores, which will be rebranded into Brico Dépôt after their takeover by Britain's Kingfisher last year, had sales of GBP72 million (EUR85 million) in June-December 2013 a...
Sika Expects Single-Digit Growth In Romania In 2014
The cash shortage and limitations of the public investments are the main challenges the Romanian constructions industry is facing, according to Ileana Nicolae, the executive who has run the...
NEPI Takes EUR20M Loan From Garanti Bank To Refinance Shopping Mall In Galati
South-African property investment fund New Europe Property Investments, or NEPI (NEP.RO), got a EUR20 million loan from Garanti Bank to refinance its investment in a shopping mall in Galati,...