Real Estate
Austria’s S IMMO Invests EUR66M In Bucharest Offices
Austrian investment fund S IMMO, part of Erste Group and the developer of the Sun Plaza shopping center in Bucharest, will invest EUR66 million in an office compound in the capital city on a...
Spain’s Graells&LLonch To Build EUR200M Logistic Park In Romania
Spain’s Graells&LLonch announced it is starting construction work on a EUR200 million logistic park in Turda, in the northwestern Romanian county of Cluj.
Electrocarbon 1Q Net Profit Falls 30% On Higher Costs
Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) Monday said its net profit fell around 30% on the year to 1.9 million lei (roughly EUR657,000) in the first quarter, due...
Subway Opens Second Restaurant In Romania
U.S. fast food chain Subway opened at the end of last week its first restaurant outside capital city Bucharest and its second in Romania, in shopping center Iulius Mall in Cluj-Napoca, north...
H&M Raises Revenues Of AFI Cotroceni Mall By 15% In 1Q To EUR46M
Retailers in AFI Palace Cotroceni mall in Bucharest, controlled by Israeli group AFI Europe, posted sales of EUR46.1 million in the first three months of this year, up 15% on the similar per...
Apartment Prices In Bucharest Almost Flat In January-April
Apartment prices in Bucharest registered only a slight variation in the first four months of the year, realty ads portal anunturiparticulari.ro said Tuesday.
ZF Index: Three-Room Apartment Prices Up For Second Month In A Row
Average prices of old three-room apartments in Bucharest went up slightly in April for the second month in a row, to EUR78,400, an increase of 0.6% on the previous month, according to ZF’s r...
Real Estate Developer Adama Sold 660 Apartments In Romania Since 2009
Real estate developer Adama has sold some 660 apartments in Romania over the past three years, which were worth a total of EUR50 million, and the average sale price of an apartment stood at...
Gica Popescu To Invest EUR20M In Romania’s First Courtyard Marriott Hotel
Romanian hotel developer Gica Popescu Hotels and hotel chain Marriott International have recently concluded a partnership whereby the former will build, develop and operate the first hotel i...