Real Estate
DTZ: At Present It Is Almost Impossible To Develop A Genuine Mall Outside Bucharest
Low consumption and financing problems are the main obstacles making it almost impossible to develop a “genuine” mall at present outside Bucharest, despite the fact that there would be room...
UTI Group To Invest EUR50M In Local, Foreign Acquisitions
Romanian group UTI will invest EUR50 million over the next two years to buy several local and foreign companies involved in security, IT, traffic management, construction and facility manage...
Promenada Mall Has Billa, Flanco, Intersport, Inditex, C&A and H&M Among Tenants
With construction just begun and delivery scheduled for 18 months from now, the Promenada mall in northern Bucharest has already signed Billa, Flanco, Intersport, Inditex, C&A and H&M among...
Strabag Posted Turnover Of EUR206M In 2011, Does Not Expect Construction Market To Rebound
Austrian group Strabag, which is building the Deva-Orastie highway, as well as office building Sky Tower in Bucharest, registered overall turnover of around EUR206 million in 2011, up 20% on...
Bucharest At Bottom Of DTZ Shopping Center Floor-Space Chart
Bucharest’s shopping center floor-space per thousand people stands at 185 square meters, one of the lowest rankings in Europe, after Paris with 141 sqm and Vilnius with 130 sqm, according to...
Peek&Cloppenburg To Launch Second Romanian Store
High-end German retailer Peek&Cloppenburg (P&C) will launch its second Romanian store next week, within the Maritimo Shopping Center of seaside city Constanta.
Armonia Mall To Be Auctioned Off Starting At EUR25M
Bankrupt mall Armonia, in eastern Romanian town Braila, will be auctioned off in April, with a starting price of EUR25.03 million, as creditor Volksbank hopes to recover some of the EUR28 mi...
Bucharest Court Allows Insolvency At Laguna Residence
The Bucharest court allowed an insolvency claim filed by a creditor against residential complex Laguna Residence, developed by Spanish GEA International Development.
AFI Europe Posts EUR23.85M Rental Revenue From Romania In 2011
Realty developer AFI Europe collected EUR23.85 million last year from rents in the AFI Palace Cotroceni mall in Bucharest, roughly similar with EUR23.7 million in 2010, according to the comp...