Real Estate
Ali Ergun Ergen Steps Down As Chief Of Baneasa Developments
Ali Ergun Ergen, head of the commercial area in the Baneasa project, owned by businessman Gabriel Popoviciu, will step down from his position at the end of the year, replaced by George Argen...
ZF Seminar: There Is Too Much Of A Need For Construction, Real Estate Market Will Definitely Rebound
Romania is too poor a country, too much in need of infrastructure, new homes, administrative buildings and even office and retail spaces not to see the real estate market return to growth ov...
Prefab Borrows Up To EUR20M To Finance Operations
Romanian construction materials maker Prefab (PREH.RO) Thursday approved taking out loans worth up to EUR20 million to finance production and investments, the company said in a statement.
Romania’s Real Estate Market Will Only Recover If Costs Drop
The Romanian real estate market’s recovery depends on decreasing the costs of land, taxes and infrastructure, so that the construction price nears a level that buyers can afford, Thursday sa...
A EUR260M Investment The Likes Of Which Bucharest Has Never Seen
Bucharest has the biggest malls in the country, the tallest office buildings, luxury hotels and famous parks like Herastrau and Cismigiu (north and center of the city).
Suceava, Oradea And Arad Leave Bucharest Behind
Investors bet over EUR350 million on new malls and the expansion of existing projects this year. Openings also show in the ranking of cities by retail area per capita.
Developers To Deliver 25,000 Sqm Of Office Premises In Bucharest In 4Q
Developers will complete office buildings in Bucharest with a total surface of 25,000 square meters in the final three months of the year, half of the surface launched in the third quarter,...
Owners Of Former Timpuri Noi Site Buy Land Near Basarab Overpass
Real estate company Interprime Properties, a subsidiary of the Inter IKEA group, the personal business of the Swedish billionaire Ingvar Kamprad, has made its second land acquisition in Buch...
Electrocarbon 9-Month Net Profit Falls To RON10.75M
Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) Tuesday said its net profit fell 18.6% on the year to 10.75 million lei (EUR2.5 million) in the first nine months, despit...