Real Estate
NEPI To Open Mall In Galati Thursday; Expands Shopping Center Portfolio To 200,000 sqm
South-African investment fund New Europe Property Investments (NEPI) will inaugurste a mall in Galati, southeastern Romania, Thursday expanding its local shopping center portfolio to 200,000...
Polsib To Sell Land In Sibiu for EUR5.7M For Kaufland Store, Retail Park
Publishing house Polsib in Sibiu (POLS.RO) is selling a 30,000 square-meter land in Sibiu for EUR5.73 million, net of VAT, to construction company Con-A, which plans to use it for a Kaufland...
Italian Firm Collini Lavori To Build Targu Jiu Ring Road For RON151M
Romania’s roads authority CNADNR on Wednesday signed a RON151 million contract, net of VAT, with Italian builder Collini Lavori for the construction of the Targu Jiu ring road.
CNADNR To Pay RON1.14B For Construction Of Two Sections Of Lugoj-Deva Highway
Romania’s national roads authority CNADNR will pay 1.14 billion lei (EUR0.2 billion), VAT not included, to the consortia building the second and third sections of the Lugoj-Deva highway, whi...
CBRE: Modern Office Space Stock In Romania Totals 2.58Mln Sqm; Vacancy Rate At 14.2%
Modern office space stock in Romania is estimated at 2.58 million square meters and the vacancy rate stands at 14.2%, or 370,000 sqm, according to real estate consulting firm CBRE Romania.
Real Estate Developer Plaza Centers Enters Judicial Reorganization
Plaza Centers, developer of the Casa Radio project in Bucharest, has entered judicial reorganization under Dutch bankruptcy law, to solve its cash flow issues, the Israeli investor announced...
Militari Residence To Be Expanded By 14 More Apartment Blocks
Residential compound Militari Residence in Bucharest, developed by Romanian entrepreneurs, will be expanded by 14 more apartment blocks to be delivered in the first quarter of 2014.
Era Shopping Park Oradea 92% Rented After New Contracts Signed This Fall
UK Argo Real Estate Opportunities Fund (Argo) has signed rental contract for 9,500 square meters in Era Shopping Park Oradea this fall.
AFI Palace Cotroceni Retailers Registered 5.3% Higher Sales In January-September
Retailers in shopping center AFI Palace Cotroceni (Bucharest) registered sales of EUR145 million in the first nine months of 2013, up 5.3% on the year.