Real Estate
Romania’s Largest Hotel Owner Wants To Sell 10 Units, Seeks Foreign Investors
Hotel owner Josef Goschy has failed in his attempt to sell several of the hotels he owns in Romania, and plans to promote them in China, Russia and the Arab countries.
Prodplast Imobiliare Drops Plan To Split, Eyes RON13M Capital Increase
The managing board of real estate company Prodplast Imobiliare has summoned the general shareholders’ meeting for October 29 to cancel a decision in principle to split the company and propos...
Debt Collectors Eye Mortgage Loans, Can’t Reach Agreement with Banks
Official debt collectors are shifting focus from consumer loans and bills to the market of troubled mortgage loans, which are a bigger business and come with a much higher recovery. They are...
Adama Starts Work On Two Apartment Buildings In Bucharest
Real estate developer Adama, acquired in full by Austria’s Immofinanz last year, has begun work on two buildings with 160 apartments part of the Optima and Edenia compounds in the Titan dist...
Immofinanz Revenue In Romania Slightly Up To EUR11.9M In 1Q Of 2012/2013 FY
Real estate investment firm Immofinanz on Tuesday reported a slight increase in revenue to EUR11.9 million from rents in Romania in the first quarter of the 2012/2013 financial year, between...
Mall Opening Frenzy Runs Out Of Steam
Only one mall is expected to open on the local market by yearend, the Ploiesti Shopping City, an investment of EUR65 million.
Bucharest Shopping Center Cocor Might Sell Spaces Separately
The owners of Bucharest shopping center Cocor plan to sell the unit’s commercial spaces separately, and the minimum price was set at EUR5,000 per square meter.
DB Schenker Expands In Bucharest Phoenix Logistics Center
German transport and logistics operator, DB Schenker, leased a second unit of 5,200 square meters in Phoenix Logistics Center nearby capital city Bucharest, currently occupying half of the w...
Real Estate Consulting Firms In Romania Required To Set Up Property Valuation Companies
Real estate consulting firms in Romania, owned by international realty groups, can no longer do property valuations unless they set up new companies with more than half of shareholders or as...