Real Estate
Gealan Romania Expects 10% Higher Sales In 2013
PVC profiles maker Gealan Romania kept its sales steady in 2012 and estimates its turnover will climb some 10% this year supported by direct exports and the increase of its portfolio.
Hornbach To Open New Store In Bucharest; Construction Works Might Start In 2014
Do-it-yourself retail network Hornbach will open its sixth Romanian store in Bucharest and construction works might start in 2014 at the earliest, Mugurel-Horia Rusu, the general manager of...
Metrorex Allots RON300M For Investments In 2013
Bucharest subway operator Metrorex allotted 299.7 million lei (EUR68.1 million) for investments this year, down from RON779 million in 2012, and estimates losses of RON24.8 million, accordin...
AFI Europe Posts EUR26.9M Income From AFI Palace Cotroceni
Real estate developer AFI Europe Wednesday reported net operating income from AFI Palace Cotroceni mall in Bucharest rose to EUR26.9 million in 2012, from EUR24.6 million a year before, fuel...
DTZ: Bucharest Office Leasing Market May Reach 180,000 Sqm In 2013
The office area that will be leased in Bucharest this year will reach 170,000-180,000 square meters, from 154,000 square meters in 2012, according to a survey of real estate consultancy comp...
Four Office Space Projects Under Construction Since Start Of 2013
The year may have started with rental deals for 1,000 to 4,000 square meters of office space, but several developers feel they have got the right solution to the current market and are willi...
Winmarkt Rental Revenues Fell In 2012 As Many Retailers Went Insolvent
Revenues obtained by Italian company Immobiliare Grande Distribuzione (IGD) from renting its 15 Winmarkt shopping centers in Romania dropped 5.3% last year to EUR11 million, impacted by inso...
Average Housing Prices In Romania Up 1.3% On Year In February
The average sale price of new and old apartments in five Romanian cities increased by 0.5% on the month in February and by 1.3% from February 2012, real estate website imobiliare.ro said in...
GTC Buys 30% In Three Malls For EUR1
Israeli-held real estate developer GTC bought a minority shareholder out of three Galleria malls for EUR1.