Real Estate
Hot Autumn For Retailers: EUR500M Malls Set For Opening
This autumn is set to be much more “prolific” in terms of shopping center openings compared with 2010, as projects totaling 250,000 square meters and almost half a billion euro in investment...
Swedish Constructor Skanska Wants To Develop Realty Projects In Romania
Swedish construction company Skanska wants to enter the Romanian market, first as an office developer, counting on the East European county’s potential and infrastructure need, Skanska execu...
Wave Of New Hotels To Be Opened This Year
Investors on the hotel market have seen the last two years as an opportunity to develop new hotels, despite the drop in demand.
City Mall Fails To Find Buyer For Fourth Time
Bucharest’s bankrupt shopping center City Mall failed again to find a buyer at the fourth auction scheduled at the end of last week.
Liquidators Make Final Attempt To Sell-Off Bankrupt City Mall
Bucharest shopping center City Mall failed to attract investors at a fourth auction following the company’s bankruptcy in November last year and liquidators are making a final attempt before...
The Greek Who Bet EUR40M On Colosseum Mall
Greek-born businessman Panico Panayi, the sole shareholder in Nova Imobiliare, which develops the Colosseum shopping center near Bucharest, has no experience in mall development, but says th...
Banca Romaneasca Relocates HQ To Euro Tower
Banca Romaneasca, the domestic subsidiary of the National Bank of Greece, rented 3,250 square meters in the Euro Tower office building, located at the intersection of Barbu Vacarescu and Lac...
Nova Imobiliare Invests EUR42M In Retail Project Near Bucharest
British-owned Nova Imobiliare on Thursday said it will invest EUR42 million in the first phase of the Colosseum retail project outside Bucharest, which will be opened in fall this year.
Cement Producers Return To Growth, But Remain Cautious
Cement sales are slowly returning to growth after the steep declines in previous years, but producers refrain from an upbeat tone.