Real Estate
"Junk" Malls Sell At 80% To 90% Discounts
The shopping centers with poor sales, few clients and hardly any major tenants on the local market are selling at 80% to 90% discount on the prices of 2006 and 2007. The latest deals to prov...
Valentino Joins Louis Vuitton On The Ground Floor Of JW Marriott Hotel
Luxury brand Valentino will open its first Romanian store in The Grand Avenue shopping gallery, located on the ground floor of luxury complex The Grand, which also accommodates JW Marriott h...
Radu Enache At His Fifth Sale&Lease Back Deal
Businessman Radu Enache, owner of the Continental hotel chain, sold the Ibis Hotel in Sibiu evaluated at EUR10 million in a sale&lease back deal, company officials say. The contract was sign...
DIY Retailer Dedeman Buys Plot For Second Store In Constanta
Romanian construction materials and do-it-yourself retailer Dedeman bought a 3.5-hectare plot for EUR6 million in southeast Romania, since it plans to build a second store in Constanta, Tues...
Auchan Buys Half Of Tricodava Platform For EUR15M
French hypermarket chain Auchan, with EUR340 million in turnover on the Romanian market, last week bought half of former industrial platform Tricodava in the Bucharest district Drumul Tabere...
Bucharest Authorities Raise Tax Exemption For Hybrid, Electric Cars To 95%
Bucharest residents who own electric or hybrid cars will pay only 5% of the tax in 2012, compared with the current 50%, as per an amendment to the city's tax bill for next year, adopted Mond...
AFI Palace Cotroceni Reports EUR17.3M Rental Revenue In Jan-Sep
Israeli developer AFI Europe collected EUR17.3 million in the first nine months from renting out Bucharest mall AFI Palace Cotroceni, compared to EUR17.7 million in the same interval of 2010...
ParkLake Plaza Mall Set For Completion In 4Q 2013 - Agent
Irish investment group Caelum Development wants to complete the ParkLake Plaza mall in Bucharest by the final quarter of 2013, following an investment of EUR250 million, exclusive agents Cus...
Housing Permits Down 13.7% On Year In October, To 2,924
Romania issued 2,924 buildings permits for residential projects in October, down 24% on the month and 13.7% lower on the year, the statistics institute INS said Monday.