Real Estate
C&W: Bucharest Falls Three Spots To 42nd Among World’s 63 Most Expensive Office Markets
Romania’s capital city Bucharest fell three places to 42nd among the world’s 63 most expensive office markets, although prime rents saw a slight increase in 2013, according to a survey by re...
NEPI Acquires The Lakeview Building, In EUR61.7M Deal
South-African investment fund New Europe Property Investment (NEP.RO) Monday said it will pay EUR61.7 million, including the outstanding bank debt, to acquire The Lakeview offices from US gr...
NEPI Signs Lakeview Acquisition, First Major Deal On Office Market This Year
South—African investment fund NEPI (NEP.RO) on Thursday signed the contract to buy The Lakeview office building in Bucharest, sources close to the transaction told Ziarul Financiar.
Kenvelo Takes Advantage Of Competitors’ Exit, Opens 30 Stores
Kenvelo, Lee Cooper, Tom Tailor and TimeOut will see growth this year as a result of the exit of several brands in the fashion business, says Philippe Besadoux, the French executive who runs...
Transilvania Constructii Revenues Down 40% In 2012, To RON33M
Romanian construction company Transilvania Constructii Cluj-Napoca (COTR.RO) Friday said its revenues fell 40% on the year to 33.1 million lei (EUR7.5 million) in 2012, from RON55.5 million...
CBRE: Modern Office Space Stock In Bucharest To Reach 2.35Mln Sqm In 2013
The stock of modern office space in Romania’s capital city Bucharest will reach 2.35 million square meters at the end of 2013, compared to 2.2 million square meters in 2012, according to a r...
Iulius Group 2012 Revenue Rises To EUR55.6M
Romanian realty developer Iulius Group, owned by businessman Iulian Dascalu, Thursday said it registered revenue of EUR55.6 million in 2012, from its four Iulius Mall shopping centers and th...
Profi Leases 15,000 Sqm Warehouse Space In LogCenter Ploiesti
Retailer Profi, controlled by Polish private equity firm Enterprise Investors, has leased a 15,000 square meter warehouse space in logistics center LogCenter, developed by Immofinanz Group i...
Greek Investor Papalekas Continues Distressed Asset Acquisition
Low-profile Greek businessman Ioannis Papalekas, who bought bankrupt City Mall and insolvent Tower Center office building in Piata Victoriei in downtown Bucharest, completed another major ac...