Real Estate
Romania Issued More Housing Permits In April
Romanian housing permits rose 17.9% to 3,594 units in April, from 3,049 units a month earlier, the country’s statistics institute INS said Tuesday.
UniCredit Tiriac Bank Expects To Recover 80% Of Loan For Alia Apartments Development
UniCredit Tiriac Bank expects it will recover about 80%, or EUR17.2 million, of a EUR22 million loan granted to the Spanish developers of insolvent residential compound Alia Apartments in Bu...
Ambasador Hotel In Bucharest To Re-Open At Half Capacity After Renovations
The Ambasador hotel in Bucharest, which has lost half of its rooms following the restitution of part of the building to the heirs of its former owner, will re-open with 100 rooms after renov...
Formerly Nationalized Bucharest Ambasador Hotel Returned To Owner’s Heirs
The land and building of the Ambasador hotel in Bucharest have been returned in kind to the heirs of its former owner, architect Arghir Culina, after ten years of litigation.
Bidders For Craiova-Pitesti Highway Qualify For Next Contract Awarding Phase
The five consortia which filed bids to build the highway linking Craiova to Pitesti, southern Romania, have qualified for the next phase of the concession contract awarding procedure.
Romania Halves Funds For Building Consolidation In 2014-2016
Romania’s Government will halve state budget funds for local authorities to consolidate homes considered to have high seismic risk, despite warnings that many buildings might collapse in cas...
Greek Businessman To Develop Office Tower In NE Bucharest
Greek businessman Gkotsis Anastasios, who developed office tower Polona 68 in Bucharest, will invest about EUR7 million in a new office building in the Romanian capital.
Militari Shopping Center's 1Q Net Rental Income Falls 2.1% On Year To EUR1.65M
Property firm Atrium European Real Estate said Friday its net rental income from the Militari Shopping Center in Bucharest fell 2.1% on the year to EUR1.65 million in the first quarter of 20...
DTZ Sees High Demand For Land For Industrial Developments In Romania
Direct foreign investments have been the main driver for the development of the Romanian industrial and logistics segment over the past six months, real estate consulting company DTZ Echinox...