Real Estate
Bucharest Office Space Transactions Hit 6-Year High By Volume In 2013 - CBRE
Transactions involving office spaces in Romania's capital city Bucharest exceeded 300,000 square meters in 2013, the highest volume reported in the last six years, with one third of the tran...
Number Of Real Estate Deals Up 17% In 2013, To 825,000
The number of real estate deals rose by 17% on the year in 2013, to 824,989, most of them closed in the capital city, Bucharest, according to the data of the national cadastre agency ANCPI.
JYSK Plans To Reach 100 Stores In Romania, On Medium Term
Swedish furniture retailer JYSK witnessed a slight increase in Romanian sales in 2013 and plans to expand its store chain on the local market, on the medium term, to 100 units, from 14 units...
Palas Drives Dascalu’s Real Estate Revenue Up 16% To EUR65M
The first entire operational year of Palas center of Iasi, the largest real estate investment outside Bucharest, drove revenue of the Iulius group controlled by businessman Iulian Dascalu, t...
NEPI 2013 Net Profit Rises To EUR57.5M
South-African investment fund New Europe Property Investment (NEP.RO) on Wednesday said its net profit attributable to stockholders rose 73.5% to EUR57.46 million in 2013, from EUR33.1 milli...
Ambient Trades Stores For Debt Cut
Do-it-yourself and construction material distribution company Ambient, controlled by Sibiu businessman Ioan Ciolan, in late 2013 carried out an extensive financial overhaul process by which...
CBRE: Industrial And Logistics Space Surface Traded In 2013 Topped 250,000 Sqm
The total surface of industrial and logistics spaces traded in Romania in 2013 exceeded 250,000 square meters, up 82% from 2012 and down a mere 3% from 2011, according to real estate consult...
Bucharest Hotels Still Looking For Buyers
Several hotels in Bucharest put up for sale in 2008-2011 have not found a buyer so far, even though some owners have cut prices in a “lifeless” market that has not drawn the attention of any...
Residential Compound Ibiza Sol Posted Revenues Of Nearly EUR5M In 2013
Residential compound Ibiza Sol, located in northern Bucharest, registered total revenues of EUR4.89 million in 2013, Euro Insol, the court-appointed administrator of the company which develo...