Real Estate
DTZ: Central Bucharest Office Rents Up Slightly For First Time In Three Years
Office rents in central Bucharest increased slightly in the first quarter, for the first time since the start of the crisis on the real estate market, over low supply and higher demand, acco...
Alpine Changes Focus From Private To Public Projects
Alpine Romania, the local subsidiary of Austrian construction group Alpine, which built one of the most expensive office projects in Romania, Petrom City, has in the past year changed its fo...
Real Estate Developer Redevco Prepares Exit From Romania
Real estate developer Redevco, controlled by Cofra, which also owns the C&A store chain, has put up for sale the only plot it has in Romania, in Tulcea, where it had planned to build a mall.
Nicolae Sarcina Buys Four Former PIC Stores
Gorj-based businessman Nicolae Sarcina, who controls the Succes business, is set to buy four of the five hypermarkets of insolvent PIC chain, according to sources close to the deal.
Investors Are Not Interested In Financing ANL Homes Because Of Poor Returns
Real estate developers and construction firms are not interested in financing the Romanian Housing Agency's program to build homes for rent, believing the share of the rents they would recei...
Unirea Shopping Center 2011 Net Profit Falls To RON3.5M
Romania’s Unirea Shopping Center (SCDM.RO) Friday said its net profit dropped 41.7% to 3.49 million lei (EUR0.79 million) in 2011, hit by the lingering effects of the global financial crisis...
S.African NEPI Plans To Raise RON11.2M-RON22.3M Via Private Share Placement
South-African investment fund New Europe Property Investment (NEP.RO) plans to raise RON11.2 million to RON22.3 million (EUR2.5 million to EUR5.1 million) via a private placing of shares to...
High Discrepancy In Prices At Housing Fair In Bucharest
The most expensive apartment put up for sale at the tIMON real estate fair taking place at the end of this week in Bucharest costs 32 times more than the cheapest one, on a residential marke...
Raiffeisen Creates 'Online Shop' For Foreclosed Assets
Raiffeisen Bank Romania has started to organize its offer of foreclosed homes, land, cars and other assets, and put it on a specialized website along with photos, maps and technical specific...