Real Estate
Octagon Takes Over Hermes Business Campus Project From Alpine
Construction company Octagon, of Greek businessmen Alexandros Ignatiadis and Paschialis Paganias, has won a contract worth about EUR10.5 million to build the first building in the Hermes Bus...
Militari Shopping Center's 1H Net Rental Income Up 5.3% On Year To EUR3.4M
Property firm Atrium European Real Estate said Friday its net rental income from the Militari Shopping Center in Bucharest increased 5.3% to EUR3.4 million in the first half of 2013, from EU...
ASF: Impact Developer Must Take New Decision Regarding Share Capital Reduction
Romania’s Financial Supervisory Authority, or ASF, decided Thursday the shareholders of real estate developer Impact Developer&Contractor (IMP.RO) must take a new decision regarding the redu...
Ion Tiriac’s Country Club In N Bucharest To Be Completed This Fall
Stejarii Country Club, developed by Romanian businessman Ion Tiriac in Baneasa Forest in northern Bucharest, will be completed this fall following an investment worth about EUR18 million.
Five Banks Plan To Raise EUR150M From Selling 3,500 Foreclosed Homes
BCR, BRD, Banca Transilvania, Raiffeisen and CEC Bank – the largest lenders in Romania by assets, hope to collect EUR150 million from selling 3,500 foreclosed homes, according to data collec...
Silver Mountain Project Developer Enters Insolvency; BCR Major Creditor
Romanian real estate firm INR Management Real Estate, which developed the Silver Mountain residential project in the central county of Brasov, has entered insolvency at the request of its ma...
GTC Sells Galleria Suceava
Israeli group GTC, which developed a network of four shopping centers in Romania under the Galleria brand, sold its mall in the northeastern city of Suceava on August 7.
BCR Considers Selling RON378.5M Accounts Receivable On Silver Mountain Project
Romania’s largest bank BCR Tuesday announced plans to auction 378.5 million lei (EUR85 million) of accounts receivable on the Silver Mountain real estate project in the central county of Bra...
GTC’s City Gate In Bucharest Down Nearly EUR10M In Value Since Start Of 2013
The value of office compound City Gate in capital city Bucharest, held by Israeli real estate developer Globe Trade Center (GTC), decreased by EUR9.7 million in the first half of 2013, to EU...