Real Estate
Underground Parking Lot For 400 Cars In Central Bucharest Ready In A Month
Work is close to completion on the over 400-space underground parking lot in Bucharest’s central Piata Universitatii area, with engineers and workers on the project’s construction site on Su...
Projects Of Over EUR68M Funded Via Romania-Hungary Cross-Border Cooperation Program
The joint committee monitoring the Romania-Hungary Cross-border Cooperation program 2007- 2013 has approved 53 projects worth EUR68.4 million, which will be financed under the program, Roman...
Militari Shopping Center's 1H Rental Income Flat On Year At EUR3.3M
Property firm Atrium European Real Estate on Friday reported that net rental income from the Militari Shopping Center in Bucharest reached EUR3.3 million in the first half of 2012, similar t...
Josef Goschy Makes Only EUR10/Day From Each Of His 3,500 Hotel Rooms
Josef Goschy, who owns 3,500 hotel rooms, says revenues collected by Unita Turism amounted to 30 million lei (around EUR6.7 million) between January and August, 15% more than in the similar...
Colliers: Over 300,000 Sqm Of Office Space To Be Delivered In Bucharest In Next 3 Years
Office premises with a total area of 130,000 square meters will be delivered in Bucharest by the end of next year, followed by other 200,000 square meters that should be completed by 2015, a...
GTC's Romanian Portfolio Loses EUR19M In Value In 1H
Israeli-owned real estate developer GTC on Thursday said the value of its Romanian portfolio fell by EUR19 million in the first half of 2012, to EUR241 million, mainly due to low yield of th...
Apartment Developers In Baneasa Have 400 Homes Left For Sale, Prices Start At EUR47,000
In five residential projects around Aurel Vlaicu (Baneasa) airport, where over 1,500 homes have been built in the past few years, developers have over 400 housing units left to sell or to re...
Intercontinental Hotel Posts Loss Of RON1.6M In 1H 2012
Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), which manages the Intercontinental hotel in Bucharest, reported a loss of 1.6 million lei (EUR354,100) in the first half of 2012, com...
Romanian Railway Company Gets Three Bids For RON530M Line Upgrade
Romania’s state-owned railway company CFR received three bids for the upgrade of a portion of railway part of the fourth pan-European transport corridor, an investment estimated at 530.5 mil...