Real Estate
BCR Fails To Auction Off Shopping Center Cocor
Romanian lender Banca Comerciala Romana (BCR) has recently failed to sell Bucharest shopping center Cocor, as no bidder was present at the auction.
GTC: Bucharest New Home Demand Increased Over Past Six Months
New apartment demand in Bucharest has increased over the past six months, Shimon Galon, executive manager of real estate developer GTC Romania, said Monday.
Skanska Buys EUR14M Bucharest Plot For Its First Office Project In Romania
Swedish construction company Skanska paid nearly EUR14 million to local businessman Gabriel Popoviciu for a land plot of 15,000 square meters on which it plans to develop its first office bu...
Impact Developer&Contractor Plans RON30M Bond Issue
Romanian realty developer Impact Developer&Contractor (IMP.RO) plans to attract 30 million lei (EUR6.6 million) through a seven-year convertible bond issue.
Law Firm: Banks Will Get Rid Of “Skeletons” When New Projects Turn Profitable
Francisc Peli, founding partner of law firm PeliFilip and one of the most respected lawyers on the real estate segment, says management activities currently occupy 80% of his time.
Cocor Loss Widens To RON10.5M In First 9 Months
Shopping center Cocor Bucuresti (COCR.RO) reported a loss of 10.5 million lei (EUR2.31 million) in the first nine months, double from RON5 million during the similar period of 2011.
Romanian Leasing Market Declined 3% In Jan-Sept, To EUR979M
The Romanian financial leasing market declined 3% in the first nine months of the year, to EUR979 million, as financing was lower on the equipment and real estate segments, said Romanian lea...
Hilton Expands In Full Gear With New Affiliates
Five new hotels under development in Brasov, Constanta, Craiova and Bucharest and another two undergoing remodeling in Ploiesti and Sighisoara will soon operate under a Hilton group brand.
Government Blocks Project To Build Cluj-Napoca Beltway Section
Romania’s Government blocked a project to construct a section of the Cluj Napoca ring-road, arguing that works entail total costs of over EUR14 million per kilometer and are not included in...