Real Estate
Government Approves Bill Shielding Antimissile System Military Bases
Romania’s Government on Wednesday approved a bill that forbids construction of high buildings and placing wind turbines or aerials near military bases part of the country’s missile defense s...
New Yorker To Open Its 26th Romanian Store Thursday
German fashion retailer New Yorker will open its 26th store in Romanian Thursday, in shopping center Iris Titan in Bucharest.
BCR Limits Foreign Mortgage Lending
Romanian top lender Banca Comerciala Romana (BCR) will target its mortgage lending at borrowers in domestic currency to protect them against currency exchange risks, the bank said Wednesday.
Gran Via Wants To Build 98 Apartments In Bucharest, Sell Land To Finance Works
Spanish company Gran Via might start the construction of 98 apartments in Bucharest in 2013 and plans to sell a part of the land it own in the capital to finance works, a company official to...
Impact Developer Estimates Record Loss Of RON35.6M For 2012
The shareholders of Romanian realty developer Impact Developer&Contractor (IMP.RO) approved the company’s revised budget for 2012, which states record losses of 35.6 million lei (EUR7.8 mill...
BCR Forecloses On Shopping Center Cocor, Will Soon Auction It Off
Romanian lender Banca Comerciala Romana (BCR) is foreclosing on Bucharest shopping center Cocor and will auction it off at a starting price of 134.9 million lei (about EUR30 million) on Nove...
Portuguese Sonae Sierra Rejoins Bucharest ParkLake Plaza Project
Portuguese developer Sonae Sierra set a joint-venture agreement with Ireland’s Caelum Development, which envisages a EUR185 million investment in the construction of Bucharest-based ParkLake...
Romania Ranked 1st Among Top 5 Opportunistic Destinations Regarding Shopping Center Investments
Romania is ranked first among the top five opportunistic destinations in Europe for investors in shopping centers, outranking Poland, Hungary, the Czech Republic and Austria, according to a...
Subway To Open Restaurant In Cocor Store, Close To Rivals McDonald’s And KFC
Fast food chain Subway, the world’s most extensive restaurant chain, will open in less than a month a unit on the ground floor of Cocor shopping center.