Real Estate
Bucharest City Mall To Be Turned Into Office Building
Shopping center City Mall in Bucharest will be turned into an office building by the end of the year.
JLL Romania Has New Managing Director
Gijs Klomp has been appointed managing director of Jones Lang LaSalle’s business in Romania, to replace Troy Javaher, the real estate consulting firm said Wednesday.
Romania May Compensate Former Owners Of Nationalized Property With Points Convertible Into Cash
Former owners of nationalized homes in Romania who can’t get back their homes will receive points with a face value of 1 leu (EUR0.22), considering the value of the building, which they can...
CBRE: Developers May Resume Industrial Parks Construction
Romanian developers may start the construction of the industrial parks put off for several years, following the economic and political stability, according to a report by real estate consult...
Housing Construction Reverts To 2005 Level In Bucharest
The housing market was again unable to return to growth last year when only 4,500 homes were completed in Bucharest and Ilfov County (which surrounds Bucharest). This is close to the 2005 le...
Finnish Investment Fund Becomes Largest Shareholder In Cemacon
The employees and former managers of brick manufacturer Cemacon (CEON.RO), which owns a plant in Zalau, sold a 23% stake in the company on Monday through a deal worth 3 million lei (EUR700,0...
Immochan To Open Construction Sites Worth Over EUR120M In Bucharest And Brasov
Immochan, the real estate division of French-held Auchan, plans to start construction works on two commercial projects worth over EUR120M in Bucharest and Brasov in the coming months, said T...
Former Administrator Of Tractorul Brasov Buys 12-Ha Land From CRED For EUR2.5M
Romanian businessman Silviu Savin, former administrator of Flavus Investitii, which acquired the assets of Tractorul Brasov in 2007, will buy a 12-hectare land in Iasi from Cefin Real Estate...
Romania Housing Construction Down 4.2% In 2012
Romanian housing construction fell 4.2% to 42,566 units in 2012 from the previous year, due to a decrease in the number of privately-funded units, the country’s statistics institute INS said...