Real Estate
Three-Star Hotel In W Romania Put Up For Sale At EUR4.6M
The three-star Moneasa hotel, in Western Romanian county Arad, was put on sale for EUR4.6 million, the unit’s owner, Nicoara Cret, told MEDIAFAX
National Lottery's Auction For EUR10m Training Center Cancelled
Romania's National Contestation Resolution Council (CNSC) and Bucharest Court of Appeals have decided to cancel an auction held by the Romanian Lottery for the construction of an employee tr...
Baneasa Shopping City Collects EUR1.5M Per Month From 200 Stores
Baneasa Shopping City, the mall in northern Bucharest controlled by Romanian businessman Gabriel Popoviciu, collects some EUR1.5 million per month from rents out of 200 retail spaces, revenu...
Banks And Insolvency Firms Bring Foreclosed Properties Valued At EUR36M Under The Hammer
Bankers and insolvency firms’ agenda for the coming month includes auctions for foreclosed properties appraised at EUR36 million, reveals a ZF survey of the ads published by the top ten bank...
Constanta Casino Restoration To Take Two Years, Cost EUR9M
The restoration of the Constanta Casino will take 24 months and cost 39.2 million lei (EUR9 million), according to the project's technical indicators, approved Wednesday by Romania's Governm...
Development Ministry To Demolish About 100 Illegal Buildings In Tourist Resorts
The Romanian Regional Development Ministry will demolish about 100 illegal buildings in tourist resorts, most of them located on the Black Sea coast, and building owners will cover demolishi...
About 25,000 Apartments Put Up For Sale In Bucharest In 2011 - Survey
About 25,000 apartments were put up for sale in Bucharest in 2011, up over 6% on the year, according to a report by realty portal anunturiparticulari.ro.
Bucharest Remains A Magnet For Mall Developers
The mall market in Bucharest could resume strong growth next year when developers of six new projects with over 300,000 square meters of floor space plan to begin construction works. This wo...
Investors To Receive 30% Of Rents From Homes Built With Romanian Housing Agency
Private investors who will build homes for Romania's Housing Agency (ANL) in partnership with the Government will receive 30% of the rents, but the construction contracts will be signed only...