Real Estate
Electrocarbon Revenues Down 28.5% In 1H, To RON71.7M
Revenues of Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) dropped 28.5% in the first half of the year, from RON100.4 million to RON71.7 million, and its net profit dec...
CBRE Sees Commercial Property Deals In Romania Stable At EUR200M In 2013
The value of commercial property transactions in Romania, including office, retail and industrial space, might hit EUR200 million in 2013, similar to that in 2012, with focus mainly on offic...
SIF Crisana-Banat Transfers 5% Of Its Assets To Cyprus-Registered Firm
Romanian regional investment fund SIF Crisana-Banat (SIF1.RO) transferred its majority stakes in nine companies listed on the Rasdaq market in Bucharest to SIF Imobiliare Limited, a newly cr...
Integral Invest Develops 9-Story Office Tower In N Bucharest
Firm Integral Invest has recently started the construction of a nine-story office tower in northern Bucharest.
AFI Europe Wants To Refinance Loan Taken Out To Develop AFI Palace Cotroceni
Israeli real estate developer AFI Europe is in negotiations with several banks to refinance a loan worth EUR234 million taken out in 2007 from Hypo Real Estate Bank to develop shopping cente...
Turbomecanica To Sell 3.3-Ha Land After It Relocated Production
Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) Monday said it would put up for sale a 3.3-hectare land in Bucharest’s sixth district, after it managed to complete the process...
Five Tenants Of Bucharest’s West Gate Business Park Extend Rental Contracts
Five companies occupying 15,000 square meters, or 20%, of business park West Gate in western Bucharest, had their rental contracts extended by five to ten years.
Dedeman To Open EUR14M Store In Pitesti Friday
Romanian do-it-yourself retailer Dedeman, owned by Dragos and Adrian Paval, will open a store in the southern city of Pitesti Friday, following an investment worth EUR14 million, and will ex...
Gica Popescu’s Shopping Complex Goes Insolvent, Closes Down
Shopping complex Doldora Bazaar in southwestern Bucharest, developed by former footballer Gica Popescu and two business partners, went insolvent and has recently closed after reality proved...