Real Estate
Papalekas Gets All Permits For Construction Of New Office Building In Bucharest
Greek businessman Ioannis Papalekas, one of the most active real estate investors and developers in Romania, has obtained all permits needed to develop an office building in Bucharest.
Main Business Events In 2013
ZF has listed the main events of 2013 in Romanian business, which include the biggest-ever profit made by a company in Romania, the opening of the first bridge linking Romania to Bulgaria in...
NEPI’s Acquisitions Make Up Over 60% Of Total Real Estate Deals In 2013
The value of real estate transactions in Romania reached EUR335 million in 2013, up 10% from 2012, and the acquisitions made by South-African investment fund New Europe Property Investments...
Number Of Real Estate Deals Up 15% In January-November, To Nearly 750,000
The number of real estate deals in Romania increased 15% on the year in January-November this year, from 645,746 to 746,746, the national cadastre agency ANCPI said Monday.
Coldwell Banker Expects Home Sales To Boost Its 2013 Turnover By At Least 5%-10%
Realty consulting firm Coldwell Banker Affiliates of Romania (CBAR) expects an increase in this year’s turnover by at least 5%-10%, from EUR4.5 million in 2012, backed mainly by its resident...
Insolvent Office Compound Swan To Be Auctioned Off Starting EUR42.7M
Insolvent office compound Swan Office & Technlology Park located in Pipera-Tunari will be auctioned off at a starting price of EUR42.7 million.
Romania Opens 60 Km Of Sibiu-Orastie Highway To Traffic
Romania’s roads authority CNADNR opens a 60 km highway section to traffic Thursday, between Orastie and Sibiu, following an investment of RON1.46 billion (EUR326.5 million), net of VAT.
Immofinanz 1H 2013/14 Rental Income In Romania Rises To EUR24.5M
Austrian property investor Immofinanz Thursday said its rental revenues in Romania increased slightly to EUR24.5 million in the first half of the 2013-14 fiscal year, from EUR23.6 million in...
Delta ACM 93 Builds Homes In Algeria For EUR70M
Bucharest-based builder Delta ACM 93 of businessman Florea Diaconu has won two public housing contracts worth EUR70 million together to build 2,750 homes in Tebessa and El Bayadh, Algeria.