Real Estate
S.African NEPI Wants To Raise Capital By EUR100M
South-African investment fund New Europe Property Investment (NEP.RO) wants to raise EUR100 million via a rights offer to shareholders at EUR4.8 a share.
Road Infrastructure In 2013: 140 More Km Of Highway On Paper
Almost 140 km of highway costing around EUR930 million have 2013 as a completion deadline, shows a ZF analysis based on data provided by the National Highways and Roads Company in Romania (C...
Impact Developer Cuts Share Capital To RON19.7M
Shareholders of Romanian real estate developer Impact Developer&Contractor (IMP.RO) on Monday approved a decision to reduce the company’s share capital ten times, down to 19.7 million lei (E...
INS: Adjusted Construction Works Down 3.7% On Month In April
Romanian construction works slid 3.7% in April from a month earlier, on falling activity in most sectors, the statistics institute INS said Monday.
How Many Of Planned Malls Will Actually Be Built In Bucharest?
Foreign investors have paid more than EUR400 million in the last six or seven years for plots to develop ten new shopping centers in Bucharest, but the market cannot take that many investmen...
Hilton Opens Its First Romanian-Based Hampton Hotel In Cluj-Napoca
American hotel chain Hilton, one of the world’s leading chains with almost 3,900 hotels in 90 countries, has opened its first Romanian hotel affiliated to the Hampton by Hilton brand in Cluj...
Shopping Center Cocor Gives Up Luxury, Seeks To Attract The Young
Shopping center Cocor in central Bucharest, which in 2010 sought to establish itself as a luxury shopping destination after an almost EUR25 million renovation, is now looking to reposition i...
Paint And Coating Market Operates At 30% Capacity
The paint and coating market ended last year in decline, as it kept relying on renovation work paid for with public and private funds. After four years of decline, the companies are now sayi...
Billa Starts Works On New Supermarket In Brasov
German supermarket chain Billa, part of the Rewe retail group, will start building a new store in Brasov, central romania, after it received its building permit earlier this week.