Real Estate
Adama Hopes To Build 600 New Homes A Year
Real estate developer Adama believes the market cannot get much worse than it already is and therefore resumed residential investments.
Bucharest Authorities Want To Expand Colentina Hospital For EUR50M
The Bucharest Hospitals and Medical Service Administration wants to contract design and construction services to extend the Colentina clinical hospital.
GTC To Sell Three Galleria Shopping Malls In Romania For Nearly EUR7M
Israeli-owned real estate developer Globe Trade Center (GTC) on Friday said it plans to sell to an international private investor three of the shopping malls it owns in Romania for an estima...
Bucharest Court Orders Realty Developer Impact To Pay RON32M To Romconstruct
The Bucharest Court decided Thursday realty developer Impact Developer&Contractor (IMP.RO) must pay 32.4 million lei (EUR7.1 million) to constructor Romconstruct.
Real Estate Tycoon Gabriel Popoviciu Sells Land To Skanska For EUR10M
Baneasa Investments, a company controlled by businessmen Gabriel Popoviciu and Radu Dimofte, is about to finalize the sale of a 1.5 hectare plot to Sweden’s Skanska for EUR10 million, in one...
Electrocarbon Profit Falls 70% In January-September
Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) Wednesday said its profit fell 67.8% on the year to 3.46 million lei (EUR780,000) in the first nine months of 2012.
Austria’s CA Immo Extends Rental Contracts For Bucharest Office Buildings
Austria’s CA Immo, which owns in Romania assets worth over EUR400 million, on Wednesday said it extended the rental contracts for over 14,000 square meters in office buildings Riverplace and...
Bucharest Old Apartment Prices Inch Higher In October
Prices of old apartment in Romania's capital city Bucharest have increased by up to 6.5% in October compared with a month before, except for the four-room units that faced a 2% decrease, acc...
Prodplast Imobiliare Shareholders Cancel Decision To Split Company, Approve Capital Increase
The shareholders of real estate company Prodplast Imobiliare decided to cancel a decision in principle to split the company and approved the increase of the company’s share capital by 13 mil...