Real Estate
Italy’s IGD Wants To Modernize Its 15 Romanian Shopping Centers For EUR12M
Italian company Immobiliare Grande Distribuzione (IGD) will invest EUR12 million in modernizing the 15 Winmarkt shopping centers it owns in Romania, and plans to sell one of them and an offi...
Office Space Demand In Bucharest Up 20% In 1H - Survey
Demand for office space in capital Bucharest increased by 20% in the first half of the year, according to real estate company Esop.
Insurers Don’t Hasten To Sell Mandatory Home Insurance Deterred By Low Fees
Romanian insurers are not interested in selling mandatory home insurance policies issued by the Pool of Insurance against Natural Disasters (PAID), discouraged by the low commission they rec...
Adama Develops 210 New Apartments In Bucharest In EUR14.1M Investment
Real estate developer Adama on Monday said it set off the second stage of residential projects Edenia Titan and Evocasa Optima located in Bucharest’s Titan district, which will engulf EUR14....
One Of Eurisko Founders Sells Office Building In Bucharest Prima Area
Businessman Ionut Dumitrescu, best known as the founder and former shareholder of real estate consultant Eurisko which he sold to CB Richard Ellis at the beginning of 2008, has performed his...
Romanian Constructor Confort Goes Insolvent
Construction company Confort, part of Izometal Confort owned by businessman Georgica Cornu, has filed for insolvency prompted by arrearage.
Insurers Cut Prices To Get As Big A Slice Of Home Insurance As Possible
Sales of optional home insurance amounted to 602 million lei (EUR132 million) in June 2011-June 2012, up 32% on the previous year, after insurers promoted such products aggressively motivate...
Raiffeisen Bank To Move Half Of Staff In Floreasca City Office Building
The Romanian unit of Austrian bank Raiffeissen will transfer almost half of its employees in the Bucharest-based office building Floreasca City in the spring of 2013.
IT Sector Accounts For Half The Transactions Involving Office Space This Year
Half of the largest transactions signed this year on the office segment were concluded by IT&C companies, after in the past few years banks and companies in the medical services industry had...