Real Estate
First Phase Of NEPI’s The Office 40% Rented
The first phase of Cluj-based office complex The Office, developed by South-African investment fund New Europe Property Investments (NEPI) in partnership with Romanian businessman Ovidiu San...
Insurance Pool PAID May Be Listed On Bourse
The Romanian Pool of Insurance against Natural Disasters (PAID), which issues mandatory home insurance policies, might be listed on the stock exchange to increase its capitalization, Daniel...
Head Of Winmarkt: If Construction Sector Is Stuck In Italy, This Shows In Romanian Consumption
The Romanian economy and consumption are stagnating at present because of problems in Europe, says Antonio di Berardino, the Italian who has been running the network of Winmarkt shopping cen...
NEPI Borrows EUR30M From UniCredit Tiriac Bank To Refinance Lakeview Office Building
Romanian lender UniCredit Tiriac Bank has granted South African investment fund NEPI a EUR30 million credit line, the bank said Monday.
Cemacon’s Main Shareholders To Launch Takeover Bid
The largest shareholders of Romanian brick maker Cemacon (CEON.RO) have announced plans to launch a bid to take over the company.
Kaufland Will Build Store On Plot Of Former Plant In Bucurestii Noi
German group Kaufland will build a hypermarket in Bucurestii Noi district of Bucharest, an area so far less covered by large-format stores in the north-west of the capital. Kaufland has a tu...
Romania Extends Bid Deadline For Comarnic-Brasov Highway Until November 15
Romania’s roads authority CNADNR has extended by one month, until November 15, the deadline for final bids for the construction of the highway linking Comarnic to Brasov, at the request of p...
Two New Tenants Bring West Gate’s Occupancy Rate To 93%
Business park West Gate, located in western Bucharest, has reached an occupancy rate of 93% after welcoming Medicover and 1 Minute as its newest tenants.
Office Space Transactions Up 25% In January-September
Office space transactions in Bucharest stood at nearly 210,000 square meters in the first nine months of the year, up 25% from the same period in 2012, as activity picked up in the third qua...