Real Estate
INS: Housing Construction Down 8.1% In Third Quarter
Romanian housing construction fell 8.1% to 9,734 units in the third quarter from the year-earlier period, due to declining activity across the board, official data showed Tuesday.
Auchan Opens First Store In Sibiu After EUR2M Remodel
Auchan Romania will open Tuesday its first hypermarket in Sibiu, central Romania, after investing EUR2 million in remodeling the former Real hypermarket.
Western Cities Of Cluj And Timisoara Boast Over 100,000 Sqm Of Modern Office Spaces
Cluj and Timisoara (western Romania) are the only two cities in Romania that still have more than 300,000 inhabitants, according to the 2011 population census, whereas the cities of Iasi, Co...
Romania’s Property & Facility Management Services Market Tops EUR200M
Romania’s property & facility management services market, namely, all the services that have to do with maintenance and administration of buildings and properties, is estimated at 0.3% of th...
Italy’s IGD Plans To Improve Romanian Portfolio; Gets Ready For Market Rebound
Italian company Immobiliare Grande Distribuzione (IGD), which owns shopping center chain Winmarkt in Romania, said its strategy on the local market does not include new projects, because it...
Fribourg Development Completes First Phase Of Liberty Technology Park Cluj
Fribourg Development, the real estate division of investment fund Fribourg Capital, has completed the first phase of Liberty Technology Park in Cluj, following an investment worth over EUR7...
Farmland Prices Rose 60% In Romania Over Past Two Years
Average farmland prices in Romania have increased about 60% over the past two years to EUR3,100 per hectare, but are still two to eight times lower than in most European Union states, accord...
Era Shopping Park Oradea Enters Insolvency
The Bucharest Court Wednesday approved the insolvency request filed by firm Omilos Oradea, which owns Era Shopping Park in Oradea.
NEPI Raises EUR50M To Finance Potential Property Acquisitions
South-African investment fund NEPI (NEP.RO), one of the most active real estate investors in Romania, Thursday raised approximately EUR50 million through an accelerated book build process, w...