Real Estate
EBRD Provides RON57M Loan For Water System Upgrade In Romania
The European Bank for Reconstruction and Development (EBRD) is providing a loan worth 57 million lei (EUR13.6 million) to co-finance a Romanian EU-funded regional investment program of EUR15...
Lawyer: Volume Of Farmland Transactions In Romania To Rise In 2014
The volume of farmland transactions in Romania will increase next year not as a consequence of liberalizing the land market but as a result of this segment’s development, Radu Ionescu, manag...
Bucharest’s Nord City Tower Welcomes Homeycomb As Its Newest Tenant
Office building Nord City Tower in Bucharest’s Pipera area has reached an occupancy rate of 50% after welcoming Homeycomb as its newest tenant, real estate consulting firm DTZ Echinox said i...
DTZ: Bucharest Ranks 4th In Europe By New Office Space Supply Expected In 2013-2014
Romania’s capital city Bucharest ranks fourth in Europe, after Istanbul, Kiev and Warsaw, by new office space supply expected between 2013 and 2014, according to a survey by real estate cons...
Dusan Wilms, Metro: Large Format Stores In City Centers Suffocate Traditional Retail
Dusan Wilms, one of the most important executives in local retail, who runs the Romanian operations of Metro Cash&Carry, says the aggressive expansion of hypermarket and supermarket chains i...
Gabriel Resources May File Legal Action Against Romania If Rosia Montana Project Rejected
Canada’s Gabriel Resources, which holds 80.69% in a joint-venture developing the gold mining project in Rosia Montana, said Monday it will assess all possible actions, including legal procee...
NEPI Raises EUR45M Though Book Build To Finance Projects in Romania
South-African investment fund NEPI raised about EUR45 million through an accelerated book build which opened Monday, and the money will be used to develop shopping center Mega Mall in Buchar...
NEPI Targets EUR35M Equity Raising To Fund Recent Acquisitions
South-African real estate investment fund NEPI (NEP.RO), the most active realty investor in Romania over the past four years, Monday announced an equity raising of nearly EUR35 million in or...
Bucharest’s Insolvent World Trade Center Posts 38% Higher Operating Revenues In July
Bucharest’s insolvent World Trade Center (WTC) reported a 38% increase in operating revenues in July, to nearly EUR837,000, company officials said.