Real Estate
Adama Completes EUR8.7M Investment In 126 Apartments In Bucharest
Real estate developer Adama, owned by Austrian group Immofinanz, has completed the construction of the second phase of residential compound Edenia Titan in Bucharest, following an investment...
INS: Romania Housing Permits Down 13% On Month To 3,258 In October
Romanian housing permits fell 13% to 3,258 units in October, from 3,746 units a month earlier, the country’s statistics institute INS said Thursday.
Romanian Realty Market Grew Too Much, Too Fast, Needs “Recalibration”– Investor
The Romanian real estate market needs "recalibration," because it has grown too much in a short period of time, local businessman Liviu Tudor, owner of office parks Novo Park and West Gate,...
HP Extends Lease At Bucharest’s Novo Park By 10 Years
The Romanian subsidiary of U.S. company Hewlett-Packard (HP), one of the world’s largest IT solutions providers, has extended by ten years its lease contract for 26,000 square meters of offi...
Pullman Bucharest Hotel To Be Put Up For Sale In January For EUR20M
Four-star hotel Pullman Bucharest (former Sofitel) will be put up for sale in January for EUR20 million to cover a part of the debts registered by its owner, insolvent World Trade Center Buc...
JLL Launches Website For Companies Seeking Industrial, Logistic Spaces
Real estate consulting company Jones Lang LaSalle (JLL) has recently launched warehousefinder.ro, a website designed for companies that are looking for industrial and logistic spaces.
EIB, EBRD, WB Interested In Financing Romania’s Comarnic-Brasov Highway – Minister
The European Investment Bank, the European Bank for Reconstruction and Development, and the World Bank have expressed interest in financing Comarnic - Brasov highway, infrastructure minister...
Israel’s Tagor Starts Its Third Residential Project In Romania
Israeli-owned real estate developer Tagor will start the construction of a residential compound in Timisoara (western Romania), its third project on the local market.
Garanti Group Romania Extends Rental Contract In Bucharest’s Novo Park
Garanti Group Romania has extended by five years its rental contract in Bucharest’s office compound Novo Park, which hosts the group’s headquarters.