Real Estate
Western Insurers And Bankers Join Foreign Farmers In Race For Romania’s Farmland
Lebanese-held Maria Trading and Agro Chirnogi, Portuguese-held Prio Foods, Dutch company DN Agrar, Ingleby, the agricultural investment vehicle of Danish billionaire family Raunsing, German...
COMCM Constanta Sales Slide 2% To RON29.3M In 2011
Romanian building materials producer COMCM Constanta (CMCM.RO) Friday reported a 2% decline in its sales to 29.3 million lei (EUR6.9 million) in 2011, from roughly RON30 million a year earli...
Bucharest Flat Prices Went Up 5% In 4Q, Despite Contrary Trend In Region
Bucharest and Kiev are the only Central and Eastern Europe capitals that saw new flat prices go up in the final quarter of 2011, with apartment prices in Bucharest going up 5% according to a...
Romania Sets Off Auctions For Government-Owned Properties In March
The Romanian authority that administers government real estate properties, or RA-APPS, will set up public auctions in March to sell several residences, hotels and land plots it manages.
Foreigners May Buy Romanian Farmland Starting 2014
Foreign investors will be able to buy farmland without restrictions as of 2014, given that extending the restrictions would entail a modification of Romania’s EU accession treaty.
Eighty Event Rooms In Bucharest Five-Star Hotels Generate EUR40M Revenue
There are 80 event rooms in the five star hotels in Bucharest, which can accommodate 12,000 people together. Most of these rooms have been renovated over the last three years, and required h...
Bucharest Ranks Fourth In DTZ Global Office Occupancy Costs Chart
Bucharest is the fourth cheapest city in Europe in terms of occupancy costs for offices, after Budapest, Tallinn and Vilnius, according to a report by property services provider DTZ.
Investors May Soon Start Developing Hotels, Stores On Bucharest Plots - CBRE
Some of the investors who bought land in 2006-2007 with the intention to develop residential projects, are thinking of building hotels or retail projects on the lots, as the residential mark...
CBRE: Bucharest’s City Mall May Be Turned Into Hospital
Bucharest shopping center City Mall, owned by businessman Ioannis Papalekas, could be turned into a hospital, according to representatives of real estate consultancy firm CBRE Romania.