Real Estate
AFI Palace Wants To Conquer Ploiesti, A City With A Purchasing Power Of EUR500M/Year
Romanian southern city of Ploiesti is the only one with two malls being built at the same time, namely Ploiesti Shopping City project and AFI Palace Ploiesti.
Akzo Nobel: Paint & Coatings Market To Continue Decline In 2013
Akzo Nobel Coatings, part of chemical industry giant Akzo Nobel, estimates the Romanian paint and coatings market will see decline next year as well, but not as serious as in 2012.
100 Year-Old Hotel Cismigiu Prepares To Re-Open
Four-star hotel Cismigiu in central Bucharest, held by real estate developer Hercesa, will be able to receive its first guests next month, but the exact date for the opening has not been yet...
JLL: Industrial Space Transactions In Romania Dropped 40% In Jan-Sept
Total rentals on the Romanian industrial market reached 75.000 square meters in the first nine months of 2012, down about 40% on the year, real estate consulting firm Jones Lang LaSalle (JLL...
Modern Retail Space Delivery In Romania Seen Down 40% In 2012
New supply of modern retail space in Romania will total 187,000 square meters in 2012, down 40% on the year, while next year’s delivery is currently estimated at about 150.000 square meters,...
JLL: Office Deliveries In Bucharest Fell To 44,000 Sqm In First Nine Months
Developers completed in Bucharest office projects totaling 44,000 square meters in the first nine months of 2012, down 14.4% on the year, while rentals fell 21% to 140,000 square meters, acc...
Bucharest’s Barbu Vacarescu-Floreasca Area May Turn Into New “City” Or A “Corporate Gridlock”
Bucharest could have a new modern business center in the Barbu Vacarescu-Floreasca area, which could turn into an area to be avoided by drivers because of heavy traffic.
Barbu Vacarescu-Floreasca: Bucharest’s New EUR1B Real Estate Hub
The development of Bucharest’s new real estate hub has started for several years on an about 500-meter radius around Aurel Vlaicu underground station, which could attract investments estimat...
Cora’s Mall In Constanta 70% Complete, Set To Open In 2013
Retailer Cora Romania, which has a nine-hypermarket network, will open its first mall on the local market in Constanta (southeastern Romania) next June, following a EUR70 million investment.