Real Estate
NEPI Confirms Acquisition Of Deva Retail Park Which Includes Metro And Praktiker
South-African investment fund NEPI (NEP.RO) is awaiting the approval of the Competition Council to acquire the Deva Shopping Center project (western Romania), which includes stores of Metro...
Bucharest’s First Mall Since 2010 To Be Opened On October 17
Shopping center Promenada in Bucharest, developed by Raiffeisen Evolution, will be inaugurated on October 17, following a total investment of over EUR130 million.
Largest 100 Employers Lost 36,000 Employees Since 2008
The 100 largest employers in Romania, which together have 520,000 employees (12% of the total number in the economy), reported a decline of 36,000 employees between 2008 and 2012, according...
Lidl Eyes Lands Of Former Plants To Open New Stores
German discount retail chain Lidl plans to open stores on the lands of two former industrial platforms which used to accommodate Ursus beer plant in Cluj (northwestern Romania) and Poiana ch...
NEPI Wants To Buy Retail Park That Accommodates Metro And Praktiker
South-African investment fund NEPI is in the final stage of the acquisition of a retail park in Deva (western Romania) from a local entrepreneur. The park includes a Real hypermarket (which...
Isarescu Hopes For Cheaper Loans As Of September
Romanian central bank governor Mugur Isarescu Monday expressed hope that the lower monetary policy rate will translate into cheaper loans for local consumers as early as September.
JLL: Only Two Office Buildings Completed In Bucharest In 2Q/2013
Developers delivered two office buildings in Romania’s capital city Bucharest in the second quarter of 2013 and many projects expected this year may be postponed to 2014 in case of a persist...
Best-Case Scenario For Construction Market In 2013: Stagnation As Few Projects Will Go On The Block
Romania builds less and less as the state drastically cuts funds for investments and private companies act cautiously and put off new projects. Some of the country’s largest construction fir...
NEPI Buys 70% In Mega Mall; Wants To Compete Against AFI, Baneasa Shopping City
South-African investment fund NEPI, the most active investor in Romanian real estate in the past four years, on Wednesday bought a 70% stake in the project of the Mega Mall shopping center i...