Real Estate
Romanian 2011 Retail Property Deals Value Down 82.5% To EUR17M
Retail property deals dropped 82.5% in value in Romania this year, compared to 2010, registering one of the lowest overall values in Europe, according to a Cushman&Wakefield survey.
Gym Operator World Class Rents 1,000 Sqm In America House
Fitness center operator World Class has rented 1,000 square meters in office building America House, owned by French investment fund AEW Europe, tenant representative Jones Lang LaSalle said...
Government Cuts Subsidy For Residential Construction Through Mortgage Loans
Romania's Government has decided not to subsidize the construction of homes through mortgage loans, arguing that budget revenues are insufficient to continue support for this program, and wi...
Cemacon Switches To RON2.8M Loss In Jan-Sep
Romanian building materials manufacturer Cemacon Zalau (CEON.RO) Tuesday said it has switched to a loss of 2.88 million lei (EUR0.66 million) in the first nine months, from a net profit of R...
Atrium Reports Lower Income From Militari Shopping Center
Shopping center operator Atrium European Real Estate on Tuesday reported that rental income from the Militari Shopping Center in Bucharest dropped 2.5% in the first nine months, to EUR5 mill...
DTZ: Romania’s Real Estate Debt Funding Gap At $2B
The debt funding gap on commercial real estate in Romania stagnated at some $2 billion in the first nine months, namely 5% of the overall investment, a percentage similar to the one in UK, b...
Romania Awaits New Applications For Ukraine, Moldova Cooperation Program
Romania's Regional Development and Tourism Ministry is awaiting project applications for the second stage of the Joint Operational Program Romania – Ukraine – Moldova 2007-2013, which has a...
Transilvania Constructii Jan-Sep Net Profit Jumps To RON1.3M
Romanian construction firm Transilvania Constructii (COTR.RO) Monday reported a net profit of 1.3 million lei (EUR323,000) for the first nine months, compared to RON49,000 in the same interv...
Burberry Opens Store In Radisson Blu Hotel In Bucharest
The famous luxury brand Burberry is to open its first store on the local market close to the Christmas holidays season this year. The store will be located inside the Radisson Blu hotel comp...