Real Estate
West Gate And Novo Park Become BREEAM Certified Office Buildings
Office projects West Gate and Novo Park, located in western and northern Bucharest, have obtained the BREEAM Very Good certification and became the first green office parks on the local mark...
Bucharest Compound Sun Offices Welcomes G2 Travel As Newest Tenant
Office compound Sun Offices in capital city Bucharest, held by Austrian investment fund S IMMO, has reached an occupancy rate of nearly 85% after welcoming tour operator G2 Travel as its new...
Financing For 2013 First Home Program To Be Depleted In Three Months
Financing through this year’s state-guaranteed First Home mortgage lending program has reached EUR490 million and 13,000 beneficiaries, and the remaining EUR300 million will be depleted in t...
DTZ Echinox: Romania’s Real Estate Market Still Dependent On Bank Loans
Romania’s real estate market continues to be highly dependent on bank loans because of a poor capital market development, according to an analysis by real estate consulting company DTZ Echin...
Impact Developer Has New General Manager
Lucian Mateescu, member in the Executive Board of Romanian real estate developer Impact Developer&Contractor (IMP.RO), took over as general manager of the company on Friday, replacing Stefan...
BelRom’s Shopping Center In Focsani Enters Insolvency
The Bucharest Court admitted Thursday an insolvency request filed by Bel Rom Sapte, the firm through which Belgian group BelRom developed a shopping park in Foscani, eastern Romania.
Gran Via Starts Work On Residential Building In Bucharest
Spain’s Gran Via, which paid over EUR100 million for former industrial sites in Bucharest during the boom days, started works on its first development in the capital a few weeks ago.
Home Prices Increased In Only One Large Romanian City Over Past Year
Cluj-Napoca is the only large city in Romania where apartment prices increased over the past year, while in Constanta, Ploiesti, Timisoara, Brasov and Bucharest homeowners reduced prices by...
Furniture Retailer Casa Rusu Invests EUR300,000 In Two Stores In Western Romania
Casa Rusu, the retail division of Timisoara-based furniture producer Rus Savitar, will open two stores Friday, in the western Romanian cities of Oradea and Arad, following an investment of E...