Real Estate
NEPI Completes Acquisition Of 70% In EUR150M Mega Mall Project
South-African real estate investment fund NEPI (NEP.RO), the most active realty investor in Romania over the past four years, has completed the acquisition of a 70% stake in the project aime...
Volksbank Romania Buys Unfinished Office Tower In Bucharest For EUR2.5M
The Romanian unit of Austria’s Volksbank bought for EUR2.5 million an unfinished 5,000-sqm office tower in Bucharest from an insolvent firm, which had borrowed about EUR5 million from the ba...
NEPI To Open First Mall In Galati In November
South-African real estate investment fund NEPI (NEP.RO), the most active realty investor in Romania over the past four years, will open the first modern shopping center in Galati in the seco...
Honeywell Rents Office Space For 300 More Employees In Bucharest
The Romanian subsidiary of U.S. company Honeywell has rented 20% in the biggest office building in Bucharest, UpGround BOC, which means it now has enough space to recruit 300 more people for...
Sales Per Sqm Down 40% Despite EUR2B Investments By Retailers
Sales per square meter, the most significant indicator for the local retail that actually reflect the consumer spending trend, reached an average of EUR4,200 last year, from the EUR6,500 to...
Iproeb 1H Turnover Down 28%, To RON31.2M
Romanian cable maker Iproeb Bistrita (IPRU.RO) posted a turnover of RON31.2 million (EUR7.1 million) in the first half of the year, down 28%, and a net profit of RON38,000, from RON301,000 i...
NEPI Shareholders To Choose Between 1H Dividend, Return Of Capital
South-African property investment fund New Europe Property Investments, or NEPI (NEP.RO), Wednesday informed its shareholders they may choose between receiving new shares in the fund worth a...
Number Of Realty Deals In Romania Up About 20% In January-July
The number of real estate transactions in Romania increased about 20% on the year to 462,743 in the first seven months of 2013, while the number of new mortgages registered with national cad...
INS: Romania Housing Permits Rise To 4,115 In July
Romanian housing permits rose 15.5% to 4,115 units in July, from 3,564 units a month earlier, the country’s statistics institute INS said Wednesday.