Real Estate
Housing Permits Rise 25.7% On Month In February
Romanian housing permits rose 25.7% to 2,130 units in February, from 1,694 units a month earlier, the country’s statistics institute INS said Thursday.
GLL Finds New Tenants Fast For Charles de Gaulle Plaza
Charles de Gaulle Plaza in Bucharest, a landmark among the business centers in Romania’s capital city, has found new tenants fast after UniCredit Tiriac and Raiffeisen Bank moved out. The tw...
Cismigiu Hotel On Track To Reach Yearly Target
Cismigiu Hotel in Bucharest, a 1912 landmark building of the city, is on schedule with its revenue target for the year, general manager Georgeta Grecu says.
AFI Europe Seeks Green Certification For Two AFI Park Office Towers In Bucharest
Real estate developer AFI Europe wants to obtain green certification for its first two AFI Park office towers in Bucharest, and appointed real estate consultancy firm Colliers International...
Financing Through “First Home” Program Reaches EUR3.18B
Financing granted through the state-supported “First Home” program has reached EUR3.18 billion and the default rate is currently 0.1%, according to the National Fund Guaranteeing Loans for S...
OMV Petrom, Expert Petroleum Rent Space In City Business Centre Timisoara
Oil companies OMV Petrom (SNP.RO) and Expert Petroleum have rented a 750-square meter office space in City Business Centre (CBC) Timisoara, western Romania.
Some 26% Of Impact Developer Up For Sale On Bucharest Bourse
The Office of Associated Legal Executors Lex wants to sell on the Bucharest stock market a 26.13% stake in real estate developer Impact Developer & Contractor (IMP.RO), belonging to the comp...
PIC Hypermarkets Put Up For Sale As Takeover Deal Falls Through
Romanian insolvent hypermarket network PIC has been put up for sale by its legal administrator PricewaterhouseCoopers Business Recovery Services (PwC) after businessman Nicolae Sarcina quit...
Ali Ergun Ergen Steps Down As CEO Of Anchor Grup
Ali Ergun Ergen, the manager who was involved in the development of three shopping malls in Bucharest, last week resigned from the position of Chief Executive Officer of Turkish real estate...