Real Estate
Insurance Pool PAID Switches To Loss After 82% Drop In Underwritings Last Year
Romania’s Pool of Insurance against Natural Disasters (PAID), which issued mandatory home insurance policies, underwrote premiums of nearly RON6.5 million in 2012, down 82% on the year, and...
Notaries Public Raise Minimum Value Of Bucharest Apartments By Up To 40%
The 2013 grid used by Romanian notaries public to determine the minimum fees paid for realty transactions in Bucharest was set considering an up to 40% rise in the value of apartments, altho...
Portland Trust Plans To Extend Floreasca Park By 80,000 Sqm
Portland Trust, one of the largest office developers in Romania, has leased 75% of Bucharest-based office building Floreasca Park which it plans to extend by 80,000 square meters of office s...
Romanian Businessman Builds EUR6M Logistic Park In Iasi
Romanian businessman Bogdan Pitigoi is developing a 10,000-square meter logistic park in Iasi county and the investment is worth 26.3 million lei (some EUR6 million).
Ustinescu, DTZ Echinox: Realty Transactions In Romania May Rise To EUR400M In 2013
Real estate transactions in Romania may reach EUR400 million this year, given the growing interest of potential investors, Cristian Ustinescu, investments director at DTZ Echinox, said Thurs...
Romanian Development Ministry Won’t Start Any New Projects This Year
Romania’s Ministry of Regional Development will not start any new projects this year and will instead focus on finishing the 3,000 projects under various stages of completion countrywide, a...
UK Home Improvement Retailer Kingfisher Buys Bricostore's 15 Stores In Romania
UK-based home improvement retailer Kingfisher announced Thursday it has acquired Bricostore's 15 home improvement stores in Romania from France’s Group Bresson, for an undisclosed sum.
Strabag-Led Consortium Wins Auction To Build Scientific Research Center In Magurele
A consortium made up of Strabag (Austria) and ED Zublin (Germany) Wednesday won an auction to build scientific research center Extreme Light Infrastructure - Nuclear Physics (ELI-NP) in the...
Bankrupt Armonia Mall Up For Sale Again For 30% Off
Creditors of bankrupt shopping center Armonia Mall in Braila, eastern Romania, have taken 30% off their asking price and hope to sell it for EUR14.85 million after its previous price tag, of...