Real Estate
Adeplast Gets EUR7 Million State Aid To Build Basalt Fiber Wool Plant
Romanian building materials producer AdePlast received state aids worth EUR7.27 million to build a EUR19 million basalt fiber wool plant in Ploiesti city by 2015, the company announced Thurs...
Charles De Gaulle Plaza Sold For Some EUR70M Between Two GLL Funds
Charles de Gaulle Plaza (CDG), the office building overlooking the main entrance to the Herastrau Park in northern Bucharest, was sold between two funds managed by GLL Real Estate Partners f...
Opus Land Invests EUR18 Million In Cosmopolis Residential Project
Real estate developer Opus Land Development will invest EUR18 million this year in its north-eastern Bucharest residential compound Cosmopolis, which is one of the biggest housing projects i...
AFI Europe Romania CEO Says Financing Remains Difficult Even For Experienced Developers
Financing remains difficult even for good projects and experienced real estate developers, David Hay, Chief Executive Officer of the Romanian subsidiary of Israeli real estate developer AFI...
Darian: Housing Prices In Romania To Keep Downward Trend On Medium Term
Housing prices in Romania will probably keep a downward trend on the medium term, considering that the economy is not showing clear signs of rebound and the real estate market could revive o...
Endava To Expand Bucharest Offices, Employ 100 More People In 2014
British IT services provider Endava plans to hire up to 100 people in Bucharest this year, so that in December, it would move from AFI Park 1 to AFI Park 3, in a bigger space.
Jones Lang LaSalle Expands Romania Operations With Land Unit
Real estate consultancy firm Jones Lang LaSalle (JLL) will expand its Romanian operations with the launch of its Development and Land Department, which will be managed by Attila Peli, ex-hea...
Kingfisher: First Brico Depot Stores In Romania Open In 1Q
UK’s Kingfisher, the largest do-it-yourself retailer in Europe, will put its logo on the first Romanian store by the end of the quarter, as the former Bricostore stores in Orhideea and Pante...
Bucharest Starts Year With 15% Of Its Offices Still Unoccupied
Bucharest went beyond the mark of two million square meters of offices last year, and brokers say the market fared better, with rentals of around 280,000 square meters. However, not all owne...