Real Estate
Immofinanz Opens Maritimo Mall In Constanta This Friday
Austrian investment fund Immofinanz, the largest foreign investor on the Romanian real estate market, opens the Maritimo mall in Constanta on Friday in the wake of a EUR100 million investmen...
Opus Land To Develop 1,200 Flats By 2015 In N Bucharest, With EUR55M
Realty developer Opus Land Development on Wednesday said it plans to develop over 1,000 apartments and 200 villas in the Cosmopolis compound near Bucharest, with an investment over some EUR5...
KPMG: Romania Property Lending To Remain Prudent
The Romanian real estate market is still in a relative state of stagnation and lending in the sector is unlikely to pick up any time soon, due to the high level of non-performing loans, a su...
Pharmacy Chain Operator Siepcofar Moves Headquarters To S Bucharest
Drugstore chain operator Siepcofar has moved its headquarters to the Sun Offices building where it has rented 1,000 square meters, Tuesday said Colliers, the building’s new rental agent.
Home Prices To Continue Decline
The overall decline trend of the real estate market will “most likely be higher than a single digit over the next sixteen months, will translate into a less and less active market, a decline...
Three Cluj Residents Get EUR1M From Lidl
Three Cluj county entrepreneurs, who own Ruttrans, a company with a turnover of just EUR500,000 in 2010, collected EUR1 million from the sale of a 5,000 square-meter plot to German discount...
S.African NEPI Calls On Shareholders To Raise Capital By EUR40M
South-African investment fund New Europe Property Investment (NEP.RO) Friday said it plans to raise EUR40 million via a rights offer to shareholders at EUR2.8 a share.
Tiriac Drops CEO Position For Two COOs
Businessman Ion Tiriac has decided to remove the chief executive officer position from the organizational chart of his holding company for the first time in ten years, delegating the respons...
Romania, UNDP Sign $3M Project To Improve Energy Efficiency Of 40 Social Homes
Romanian Development Minister Elena Udrea and officials of the United Nations Development Program (UNDP) on Thursday signed a $3 million project to improve the energy performance of 40 socia...