Real Estate
Adama Founder David Flusberg Gets EUR0.67M Severance
The former president and founder of realty developer Adama, David Flusberg, received EUR675,000 upon his departure from the company’s helm, after the company was taken over by Austrian Immof...
Iulian Dascalu Collects EUR200M In Rent From Malls In 10 Years
Businessman Iulian Dascalu, the principal Romanian owner of shopping centers, reached cumulated revenues of over EUR200 million in the ten years since opening his first mall in Iasi, after h...
Romania To Auction Off 130 Government-Owned Properties For Starters
The Romanian authority that administers government real estate properties, or RA-APPS, has started procedures to sell 130 realties, including apartments in central Bucharest, shopping center...
Tiriac Jr: We’re Strongly Committed To Agriculture Investment And Seek At Least 2,000 Ha More
Ion Alexandru Tiriac, son of Romanian billionaire Ion Tiriac, says he wants to expand the activity of Tiriac Holdings to new sectors which are recording significant increases, such as the ag...
Laguna Residence Project In Bucharest, For Sale At EUR24.6M Starting Price
The Laguna Residence project in Bucharest, owned by Spanish Gea International Development, was put on sale through public auction, at a starting price of EUR24.6 million.
"First Home" Failure: Only 150 Customers Took Loans In Lei
Bankers sold almost EUR540 million worth of loans through the “First Home 4” scheme, one third of the value of the loans granted in the previous three iterations. Only 150 customers of a tot...
Raiffeisen Bank International Funds Promenada Mall With EUR95.5M
Raiffeisen Bank International will fund the Promenada Mall project in northern Bucharest with EUR95.5 million, according to Raiffeisen evolution, developer of the shopping center.
Court Of Accounts Notes Payment Irregularities Of EUR5M Within EU-Funded Program
The Romanian Court of Accounts has revealed financial irregularities amounting to EUR5.1 million, following investigations that targeted projects financed within the regional operational pro...
Epstein Expands Star Foods' Warehouse In Bucharest
Snacks maker Star Foods has started construction of a EUR2.5 million storage unit in southern Bucharest, according to a news release by project designer and constructor Epstein Architecture...