Real Estate
Opus Land Wants To Build 250 More Apartments In Residential Compound Cosmopolis
Real estate developer Opus Land Development sold 125 apartments in Romanian residential compound Cosmopolis in Ilfov county this year and wants to deliver 250 more apartments by the end of t...
InterAgro Opens Five-Star Hotel In Seaside Resort
InterAgro group, owned by Romanian businessman Ioan Niculae, invested some EUR10 million to upgrade a five-star hotel in seaside resort Venus, which will be opened Friday.
Winners Of EUR900M Highway Contract Kept Secret
Tenders for the construction of 100 kilometers of highway have yet to have their winners announced. Although Minister-delegate for Infrastructure Projects Dan Sova says the contracts have al...
Iasi Among World’s Most Attractive Cities To Retailers In 2012
The Romanian northeastern city of Iasi ranks 12th among 208 cities regarding the number of new retailers entering the market in 2012, according to a survey conducted by real estate consultin...
Most Expensive Manor House In Romania On Sale For EUR2.5M
Manor houses in Romania are available for sale at prices ranging between EUR300,000 and EUR2.5 million, the asking price of a 500-square meter penthouse put up for sale in Bucharest, accordi...
Asmita Gardens Sells 21 Apartments In April
The court-appointed administrator of insolvent Asmita Gardens, Bucharest’s largest residential compound, said Wednesday it sold 21 apartments in April for EUR2.5 million.
Builders Spedition UMB, Tehnostrade See 2012 Revenues, Net Profit Halved
Construction companies Spedition UMB and Tehnostrade, controlled by Romanian businessman Dorinel Umbrarescu, posted revenues of 1.2 billion lei (EUR276 million) and net profit of RON167.5 mi...
Stefan Gheorghiu-Milicin Dismissed As GM Of Impact Developer & Contractor
The managing board of Romanian real estate developer Impact Developer & Contractor (IMP.RO) Monday decided to dismiss the company’s general manager Stefan Gheorghiu-Milicin.
AFI Europe To Build 60,000 Sqm Office Compound In Bucharest On Land Of Former Inox Factory
Real estate developer AFI Europe has received its building permit for a second mall in Bucharest, for which works are slated to start this year or early 2014, and the developer also plans to...