Real Estate
Immofinanz Completes Acquisition Of Residential Property Developer Adama
Austrian property investor Immofinanz Wednesday said it has completed the acquisition of the remaining 69.22% stake in realty developer Adama, in a deal worth EUR42.43 million.
Asmita Gardens Dubbed Insolvent At Alpha Bank's Request
The Bucharest court on Monday approved an insolvency claim filed by Alpha Bank against the developer of Asmita Gardens, one of Bucharest’s largest residential compounds.
DTZ Echinox Appoints New Head Of Property Management
Romanian realty consultancy firm DTZ Echinox on Monday said it has appointed Yves D'Arfeuille as head of property management.
Adjusted Construction Works +1.3% On Month In September
Romanian construction works inched up 1.3% on the month in September, after a 4.5% decline in August, the statistics institute INS said Monday.
City Mall Sale Price Is A Reference For Losses Banks Will Incur From Distressed Assets, Analysts Say
Consultants and appraisers believe the EUR17.3 million price that the shopping center City Mall in Bucharest will be sold for is a reference for the discount banks will have to take in order...
Bucharest New Apartment Prices May Continue To Drop – Report
The prices of new homes may continued to decrease in Bucharest, given the reduced sales seen this year and the probability for demand to remain low in the near future as well, according to a...
Lafarge 9-Month Sales In Romania Up 2.6% On Year
French cement and aggregates producer Lafarge Friday said its sales in Romania rose 2.6% on the year in the first nine months, on higher volumes.
DEGI Titan Invests EUR10M In Upgrades At Iris Titan Shopping Center In Bucharest
DEGI Titan, owned by Aberdeen Immobilien, has invested EUR10 million over the past 10 months in upgrades at Bucharest’s Iris Titan Shopping Center.
Iulius Group Postpones Palas Iasi Launch Until April 2012
Realty developer Iulius Group, owned by businessman Iulian Dascalu, on Thursday said it has postponed the full launch of its 82% complete Palas Iasi complex until April 2012, with investment...