Real Estate
CBRE Romania Closed Office Space Deals Of Over EUR275M In Last 6 Years
Real estate consulting firm CBRE Romania signed lease contracts worth over EUR275 million for 300,000 square meters of office space between 2008 and 2013, according to company data released...
Danish Investor Erik Jantzen Traded EUR80M Worth Of Farmland In Romania
Danish investor Erik Jantzen, owner and chief executive officer of farmland trader Jantzen Development, which also operates in Slovakia and is little known to the general public in Romania,...
Eurobank Property Services: Residential Prices Up 2.3% In 4Q 2013
Housing prices in Romania increased 2.3% on the year in the last quarter of 2013 but remained largely unchanged for the entire year 2013 compared to 2012, according to Eurobank Property Serv...
Cemacon’s Main Shareholders Buy 11% Stake In Takeover Bid
The largest shareholders of Romanian brick maker Cemacon (CEON.RO)--investment fund KJK Fund SICAV-SIF, brokerage firm SSIF Broker (BRK.RO) and consulting firm Andrei&Andrei Consultanta--bou...
Romania Housing Permits Down 0.2% To 37,776 In 2013
Romania authorized construction of 37,776 residential buildings in 2013, very slightly fewer than in the previous year, the country’s statistics institute INS said Tuesday.
Ten Biggest Malls In Bucharest Attract 300,000 Visitors A Day
The largest ten shopping centers in Bucharest, which cumulate a lettable area of more than 500,000 square meters, attract almost 300,000 visitors and sell EUR3 million to EUR4 million worth...
Impact Expects EUR26M Turnover In 2015 And EUR50M/Year Starting 2016
Romanian realty developer Impact (IMP.RO) estimates to obtain a turnover of nearly EUR26 million in 2015 and of around EUR50 million/year starting 2016, while its operating profit EBITDA is...
Romanians Who Make Cash Offers On Cars, Homes Risk A 20% Fine
The Romanian government may forbid cash transactions for purchasing cars, homes and land, regardless of their value, and plans to introduce fines of up to 20% of the deal’s value for both th...
Covered Bonds To Include Guarantees Of 60%-80% Of Mortgage Lending Value
Property financings may be included in the pool of assets used to secure covered bonds issued by Romanian commercial banks only up to 60% of the recalculated mortgage lending value, accordin...