Real Estate
Saint-Gobain: Plasterboard Market Could See 7%-8% Decline In 2013
The difficulties affecting the Romanian economy and the construction sector made an impact on the plasterboard business, as well, which could see a 7% to 8% decline this year, according to R...
EU Assigns EUR82.7M For Ring-Road In Brasov, Central Romania
The European Commission announced Thursday it has approved a EUR82.7 million investment for the construction of an 18.5-kilometer ring-road in Brasov, central Romania.
UK’s Endava Leases Half Of Iulius Group’s New Office Building Under Construction
British IT services provider Endava has leased half of a 10,000-square meter office building Iulius Group is developing in Cluj-Napoca (northwestern Romania).
Turkish Fashion Retailer Koton Buys Building In Bucharest’s Old Town
Turkish fashion retailer Koton, which has four stores in Bucharest, has bought a 1,200 square meter building in the city’s Old Town for EUR4.5 million from an Irish businessman, sources clos...
Giant UK Investment Fund Buys EUR30M Romanian Farm
British investment fund Insight Investment, which manages assets of 271.9 billion pounds worldwide, has bought Romanian company Agricom Borcea, which holds a 13,600-ha farm in Calarasi count...
Cement Market Continues Decline As Investments In Infrastructure Dwindle
Autumn did not come with the expected thawing of the Romanian cement market, so after the 2011 rise and the 2012 stagnation Romanian cement production will decline again this year, writes Bu...
Most Important Construction Projects Completed In 2013
Besides the bitter taste, which many companies in the construction business felt this year, 2013 will go down in history as the year of a number of major projects delivered on the local mark...
Office Space Transactions In Bucharest Up 10% In 2013, To Over 250,000 Sqm
Office space transactions in Bucharest will exceed 250.000 square meters in 2013, up 10% from 2012, and the most active companies operate in the sectors of outsourcing, pharma and IT, accord...
Bucharest’s West Gate And Novo Park Boast 94% And 99% Occupancy Rates
Bucharest’s business parks West Gate and Novo Park, owned by businessman Liviu Tudor, have reached occupancy rates of 94% and 99%, respectively, after two existing tenants, Société Générale...