Real Estate
LEM'S Furniture Sales Up 10% In 2013, To RON231M
Sales of Romanian furniture chain store LEM'S, operated by furniture producer Lemet Campina, grew 10% in 2013, RON231 million (EUR52.2 million).
Policolor Relocates Bucharest-based Factory In EUR6-8M Investment
Policolor will relocate its automotive paints factory in the eastern part of capital city Bucharest to an industrial platform in the western part of Bucharest.
Dedeman Opens Unit In Sibiu Friday; Plans To Reach 40-Store Network This Year
Romanian do-it-yourself retailer Dedeman will open its 37th store Friday, in Sibiu, following an investment of EUR13 million, and plans to open three more stores this year.
Lidl Buys Former Poiana Plant Of Brasov
German-held retailer Lidl acquired the former sweets plant of Brasov owned by Mondelez Romania, the producer of Poiana chocolate, but plans to sell part of the land plot for the construction...
SIFs Shift To Real Estate, Distressed Companies And Agriculture For Investment
SIF Banat-Crisana (SIF1.RO), SIF Moldova (SIF2.RO) and SIF Muntenia (SIF4.RO) plan to continue selling banking stock in 2014 and shift investments to less traditional activity fields for the...
Bilka Steel Buys Romlag Brasov Assets, Plans Investments Of EUR5M By 2016
Romanian steel roof tile maker BILKA Steel, owned by businessman Horatiu Tepes, bought the real estate assets of bankrupt Romlag Brasov and plans to invest EUR5 million in its industrial dev...
This Year’s Biggest Office Project In Bucharest Set To Be Completed Next Month
Czech-held S Group has invested almost EUR60 million to raise an office building with a rentable area of almost 31,000 square meters close to Piata Chirigiu of Bucharest.
Fene Grup Changes Name To ENGEKO
Romanian construction group Fene Grup will be renamed Engineering and General Constructing (ENGEKO) and will be subject to a rebranding process, the company announced.
DTZ: Romanian Retail Investments In 2013, Below 1% Of Total Volume In Europe
Retail investments in Romania represent less than 1% of the total volume registered at European level in 2013, although last year transactions with retail projects rose sharply compared with...