Real Estate
Development Ministry Launches Auction To Build 84 Kindergartens For RON69M
Romania's Regional Development Ministry has launched an open auction for the design and construction of 84 day care centers and kindergartens, for an estimated total of 69 million lei (EUR16...
South-African NEPI Draws EUR29M In Share Capital Hike
South-African fund New Europe Property Investments (NEPI) announced it has recently drawn EUR29 million in a share capital hike, adding the new stock will enter trade on June 22.
Popoviciu To Open Oradea Mall With New Manager In Charge
Billionaire Gabriel Popoviciu, who controls mega real estate project Baneasa in northern Bucharest, is preparing the opening of Oradea Shopping City mall this autumn, with a new manager, Bog...
Leases Up For Renegotiation In Bucharest Office Buildings
Rental contracts signed in a number of Bucharest office projects, such as S-Park, Victoria Park, West Gate Park, Novo Park and Anchor Plaza, are set to expire next year, as most of the space...
Shopping Center Holding To Launch Oradea Mall With EUR50M Investment
Romanian Shopping Center Holding, a company owned by businessman Gabriel Popoviciu, Friday said it will launch this fall the Oradea Shopping City mall, following an investment of EUR50 milli...
Bankrupt City Mall Up For Sale Again With EUR21M Price Tag
Bucharest shopping center City Mall will be put up at auction for the fifth time on June 30, at a starting price of EUR20.96 million, down from around EUR24 million at the previous sale atte...
Cement Producers Pin Their Hopes On 2012
Romanian cement market will stand at around half a billion euros this year as forecasts point to stagnation or a very frail increase, says Mihai Rohan, president of cement industry associati...
Greek Banks Invested Over EUR1B In Romanian Real Estate
The Greek banks on the local market--Bancpost, Alpha, Piraeus and Banca Romaneasca--have fed at least EUR1 billion into some of the most important real state projects carried out in Romania...
Immofinanz Acquires Full Control Over Residential Property Developer Adama
Austrian property investor Immofinanz Thursday said it has acquired full control over realty developer Adama, after purchasing the remaining 69.22% stake for EUR42.43 million.