Real Estate
Romanian Investment Company Cuts Budget To RON52.6M In 2013
Romania's National Investment Company (CNI) planned investments worth 52.6 million lei (EUR12 million) in 2013, more than five times lower than the amount allotted last year, of RON274.3 mil...
Banca Transilvania Invests EUR10M In Office Building, Data Center In Cluj
Romanian lender Banca Transilvania (TLV.RO) has invested a total EUR10 million in the construction of an office building and a data center in industrial park Tetarom I in Cluj, northwestern...
Guest Apartment Supply On The Rise, Competing With Hotel Room Prices
Supply for guest apartments in Romanian vacation spots is on the rise at prices that compete with hotel rooms, starting from RON70 a night, according to real estate website imobiliare.net.
Time For Consolidation On DIY Market: Kingfisher Takes First Step, Players Suspend Expansion
The Romanian do-it-yourself and construction materials distribution market, where major players have annual sales of around EUR1.3 billion, has reached a period of consolidation after five d...
Unirea Shopping Center Profit Rises To RON2.9M In 1Q
Romania’s Unirea Shopping Center (SCDM.RO) registered turnover of 19.9 million lei (EUR4.6 million) in the first quarter of 2013, slightly down on the year, while its profit climbed 3.6 time...
Billa To Open Store In Bucharest’s Shopping Center Cocor
German retailer Billa, part of the Rewe group, will open a 1,000-sqm store in Bucharest’s shopping center Cocor, the mall’s owner, Cocor SA (COCR.RO), said in a statement Thursday.
S Group Holding Sees Green Gate’s Occupancy Rate At About 80% In January 2014
Czech group S Group Holding expects it will rent 70%-80% of office tower Green Gate in Bucharest before the project is completed.
Energy Certificates Required In Home Deals Starting July 20
Romanians who want to sell or rent their homes will be obliged starting July 20 to present the building’s energy efficiency certificate to prospective buyers or tenants.
Colliers: Developing Business Parks On City Outskirts No Longer Makes Sense
Developing business parks on the outskirts of cities no longer makes sense and they should be replaced with multifunctional projects, considering that the new generations of employees desire...