Real Estate
Wellkept Imobiliare Develops Five-Story Office Tower In Central Bucharest
Real estate developer Wellkept Imobiliare has started the construction of a five-story office tower in central Bucharest.
Armonia Mall Fails To Attract Investors For Sale By Direct Negotiation
Bankrupt shopping center Armonia, located in Romania's eastern town of Braila, has failed to attract investors for its sale by direct negotiation, prompting creditors to decide on a new capi...
Housing Prices Keep Falling, While Some Developers Return To Construction Sites
The Romanian housing market is still seeking a direction after more than four years of crisis and price declines, and it could return to growth provided new apartment projects are adjusted t...
EIB Considers EUR157M Loan For Thermal Rehabilitation In Bucharest
The European Investment Bank could extend a EUR157 million loan to the Bucharest authorities for the thermal rehabilitation of multi-storey residential buildings located in the city’s first...
Romania Housing Construction Down 6.2% In 3Q
Romanian housing construction fell 6.2% to 10,588 units in the third quarter from the year-earlier period, due to declining activity in urban areas, the country’s statistics institute INS sa...
Israeli Millionaire Puts 204 Villas In Pipera Up For Sale Two Years After Completion
Israeli millionaire Eyal Ofer put up for sale the 204 villas finalized in the Oxford Gardens complex in Pipera (northern Bucharest), which addresses families earning more than EUR10,000 per...
Auchan Buys Real Stores In CEE, Including Romania, For EUR1.1B
Auchan announced Friday it bought Real hypermarkets in Central and Eastern Europe from Metro Group, including the ones in Romania, in a EUR1.1 billion.
CBRE: Less Than 10% Of Retailers Seek To Expand In Romania In 2013
Fewer retailers are interested in expanding on the Romanian market next year than in 2011, according to a survey by real estate consultant CBRE among 100 companies.
DTZ: Investors Spent EUR150M On Farmland This Year
Cristian Ustinescu, investment manager with real estate consultant DTZ, said at ZF Live on Thursday that 100,000 hectares of farming land changed hands this year. This should amount to EUR15...