Real Estate
Dascalu's Malls Bring Revenues Of EUR40M In Nine Months
The malls own by Romanian businessman Iulian Dascalu recorded a cumulated turnover of almost EUR40 million in the first nine months of the year.
NEPI Buys 12.7-Ha Plot Of Land In Romania For Retail Development
South-African investment fund New Europe Property Investment (NEP.RO) Friday said it has bought a 12.7-hectare plot of land in Galati (southeastern Romania), where it plans to develop a shop...
Top 10 Foreign Owners Of Forests Hold 2% Of The Total Forest Area
Romanian forests have been very attractive for foreign investors, with the top ten owners by area reaching 134,000 ha, or 2% of the total forest area in the country, according to Business Co...
AFI Collects EUR19.1M In Rents From AFI Palace Cotroceni In First 9 Months
Real estate developer AFI Europe, the owner of the AFI Palace Cotroceni Bucharest, collected EUR19.1 million from rents in the mall in January to September, up 10% from EUR17.37 million duri...
Real4You To Start Construction Of Mega Mall Bucharest In 2013
Austrian real estate developer Real4You has obtained authorization to build shopping center Mega Mall in Bucharest and will start construction next year.
Betty Ice Buys Building In Bucharest To Set Up Ice Cream Parlor
Vasile Armenean, owner of ice cream producer Betty Ice, one of the largest on the Romanian market, has bought a building in Bucharest’s historic downtown where he will set up an ice cream pa...
DTZ: Romania Might See Increased Number Of Realty Deals After Elections
The Romanian real estate market has become more stable, meaning that both rentals and acquisitions are made at realistic prices, and the number of transactions might increase in the next six...
Ovidiu Sandor Invests EUR10M In 4th Office Building W Romania
Businessman Ovidiu Sandor, developer of City Business Center project in the western Romanian town of Timisoara, completed the fourth building of the business park, in a EUR10 million investm...
NEPI Raises EUR128M From Capital Markets To Invest In Romanian Real Estate
New Europe Property Investments (NEPI.RO), a South African investment fund set up in 2007, managed to recently raise, in an offering addressed to its UK, South Africa and Romania shareholder...