Real Estate
Era Shopping Park Oradea To Enter Insolvency At Owner’s Request
UK Argo Real Estate Opportunities Fund (Argo) has filed a petition for the voluntary insolvency of its Romanian subsidiary Omilos Oradea, which owns Era Shopping Park Oradea, following litig...
Immochan Invests EUR60M In Building Coresi Shopping Center In Brasov
Immochan, the real estate division of France’s Auchan, started construction works Monday in Brasov on its Coresi shopping center that will include 130 stores, 6,000 square meters of entertai...
AdePlast Pushes On With Basalt Fiber Plant Project, Borrows EUR7.1M From BCR
Romanian building materials producer AdePlast will continue a project to build a basalt fiber plant, for which it earmarked EUR5.2 million from its own revenue resources and contracted extra...
AFI Europe Rents 11,700 Sqm Of AFI Park 2 To Electronic Arts
Israeli real estate developer AFI Europe Monday announced it rented 11,700 square meters to U.S. video game company Electronic Arts in AFI Park 2, the second building of office compound AFI...
Asmita Judicial Administrator Sold Apartments For EUR10.2M In Two Years
The judicial administrator of residential compound Asmita Gardens said Monday it sold 113 apartments for a total EUR10.2 million in two years.
Shopping Mall Developers In Romania Revive Projects Worth Half A Billion Euros
Construction works on four new shopping malls worth around half a billion euros are set to start in capital city Bucharest at the end of 2013 or early 2014.
Benevo To Start Construction Of Bucharest Shopping Center Victoria City In 2014
Real estate developer Benevo, controlled by Canadian businessman Michael Topolinski, said it wants to start the construction of shopping center Victoria City in capital city Bucharest in the...
Allianz Underwrote EUR136M On General Insurance In Romania In January-September
German insurance group Allianz underwrote general insurance premiums of EUR136 million in Romania in January-September, up 0.7% on the year, and doubled its operating profit to EUR4 million.
Construction Works Decline In September - Statistics
Romanian construction works fell 6.9% in September from a month earlier, due to declining activity in all sectors, the statistics institute INS said Friday.