Real Estate
Vodafone And Huawei, First Tenants Of Papalekas’ Planned Office Tower Bucharest One
Greek businessman Ioannis Papalekas, one of the most active real estate investors and developers in Romania, said he pre-leased 37.5% of the office tower he plans to build in Romania's capit...
PIC Hypermarkets In Craiova, Calarasi, Braila Put Up For Sale Again
The former PIC hypermarkets in Craiova, Calarasi and Braila, as well as a plot of land in Blejoi, Prahova county, will be put up for sale again on April 25, by judicial administrator Pricewa...
Colliers: Housing Developers Resume Search For Land
As land prices have been going down over the past five-six years, real estate developers have returned to the market and even started sealing deals, says Sinziana Oprea who, alongside Mihai...
Romania Sees Biggest House Price Fall Among 42 Countries Worldwide In 2013
House prices in Romania reported the biggest fall among 42 countries in the world in 2013, namely 10.43%, compared with 5.96% a year earlier, according to a globalpropertyguide.com survey, b...
Poor Financial Results Keep GTC From Selling Galleria Buzau And Galleria Piatra Neamt Malls
Israeli-owned real estate developer Globe Trade Center (GTC), which developed a network of four shopping centers in Romania under the Galleria brand, said it cannot sell the Galleria Buzau a...
Construction Sector Generates A Mere 8% Of Romania’s GDP
The construction sector, a EUR8 billion to EUR9 billion business a year, which should have helped Romania’s economy grow during the crisis, contributed a mere 7.9% to the gross domestic prod...
Roads Authority Aims To Build 93 Km Of Highway In 2014 And 195 Km In 2015
Romania’s road authority CNADNR said it wants to build 93.1 kilometers of highway in 2014, based on a budget of 2.65 billion lei (EUR0.58 billion), lower by RON1.1 billion than in 2013.
Immofinanz Rental Income In Romania Inches Up To EUR36.2M In First 9 Months Of 2013/2014 FY
Austrian property investor Immofinanz Thursday said its rental revenues in Romania rose slightly to EUR36.2 million in the first nine months (May 1, 2013 -January 31, 2014) of the 2013/2014...
In Romania, Plants Grow Out Of Sync With The “Prestige” Of Cities
The 140-year old Grivita brewery of Bucharest will become a real estate project, a former sweets plant in Brasov was acquired by Germany’s retailer Lidl and is to be turned into a store and...