Real Estate
Prefab 2013 Revenues Up 7%, to RON87.8M
Romanian building materials maker Prefab Bucuresti (PREH.RO) had revenues of RON87.8 million last year, up 7% from RON81.9 million in 2012, and its net profit dropped to RON800,000 from RON2...
Victoriei Square Becomes A New Restaurant And Coffee Shop Hub
In recent years, Victoriei Square (Piata Victoriei) in Bucharest has started to shape up as a restaurant and coffee shop hub after international chains including McDonald’s and Subway, as we...
Baneasa Developments To Invest Nearly EUR2M In Baneasa Shopping City In 2014
Baneasa Developments wants to invest nearly EUR2 million in expanding the entertainment zone and remodeling several spaces within shopping center Baneasa Shopping City, company head Georgios...
UBS Lends EUR65 Million To Papalekas' Property Firm Globalworth
Investment fund Globalworth, founded by Greek real estate investor Ioannis Papalekas to develops properties in Romania, SEE and CEE regions, borrowed EUR65 million from Swiss-based lender UB...
Transilvania Constructii 2013 Turnover Down 18% On Year To RON29.1M
Romanian construction company Transilvania Constructii Cluj-Napoca (COTR.RO) Thursday said its turnover fell 18% on the year to 29.1 million lei (EUR6.6 million) in 2013, from RON35.5 millio...
Bancpost Funds City Mall Transformation Into Offices
Bancpost is set to fund, by around EUR17 million, the transformation of City Mall shopping center into an office building, according to the report by Globalworth investment fund controlled b...
PwC Sees Real Estate Deals In Romania Rising This Year Especially On Office Space Segment
Real estate transactions in Romania will grow slightly in volume this year, especially on the office space segment, while Dublin, London and the main cities in Germany are the most attractiv...
INS: Adjusted Construction Works Down 1.6% On Year In 2013
Romanian construction works slid 1.6% on the year in 2013, hit by a two-digit decline in new constructions, the statistics institute INS said Thursday.
Praktiker, In Talks With Turkish Investor To Sell Romanian Operations
German do-it-yourself group Praktiker has been in talks for several months with Turkish businessman Omer Susli to sell its Romanian operations.