Real Estate
Poland’s Telbridge Enters Romanian Call-Center Market
Poland’s Telbridge will enter the Romanian call-center market by opening an office in northern Bucharest this spring, according to Jones Lang LaSalle, the company’s representative in the tra...
New Office Space Rentals In Romania Held Only 33% Of Total Transactions In 2012
New office space rentals, expansions and pre-rentals in Romania made up only 33% of total transactions registered in 2012, and the bulk of contracts concluded last year targeted relocations...
Dedeman Buys 3.2 Ha Land In Eastern Romania From GTC
Romanian do-it-yourself retailer Dedeman bought a 3.2-hectare plot of land in the eastern town of Galati from real estate developer GTC, which had planned to use it to build a shopping mall.
Bucharest Compound Cortina Residence Auctioned Off Again For EUR5M
Bucharest-based real estate compound Cortina Residence, under bankruptcy, was auctioned off again at a lower price of EUR5 million.
Political Unrest, Economic Uncertainty Impacted Real Estate Consulting Firms In 2012
Three of the largest real estate consulting companies in Romania registered lower-than-expected turnover last year as political instability and a business climate that did not encourage inve...
Symmetrica 2012 Turnover Up 10% On Year To EUR14.6M
Symmetrica, one of the leading players on the Romanian stone sett paving market, reported turnover of EUR14.6 million in 2012, up 10% from 2011 when it registered sales of EUR13.5 million, a...
Raiffeisen Bank Lends EUR30M To AFI Europe To Complete Ploiesti Shopping Center Project
Shopping center developer AFI Europe said Tuesday it obtained financing of over EUR30 million from Raiffeisen Bank International Group to complete a shopping center project in Ploiesti, sout...
Bucharest Authorities To Contract EUR50M Street Repair, Upkeep Works
Bucharest’s District 1 Public Domain Administration plans to contract street repair and upkeep works estimated at 222.4 million lei (EUR50.7 million), net of VAT, based on a four-year frame...
Average Housing Prices In Romania Down 1.3% In 2012
The average sale price of new and old apartments in Romania went down by 1.3% in 2012, from EUR991 per square meter at the beginning of the year, to EUR978 per square meter at the end of Dec...