Real Estate
Praktiker and Bricostore Lost A Third Of Market In 3 Years
France's Bricostore and Germany's Praktiker DIY networks, which opened the first large constructions and home improvement stores almost ten years ago, reached a cumulated market share of 34....
UniCredit Business Partner Rents 10,000 Sqm In Novo Park
UniCredit Business Partner, the back-office unit of the UniCredit group, rented 10,000 square meters in Bucharest’s Novo Park, the largest transaction on the office market so far in 2011.
Tourism Ministry To Auction Off Assets In Mamaia Starting At EUR4.2M
Mamaia SA, controlled by Romania's Ministry of Regional Development and Tourism, will again put three of its assets – a hotel complex, a villa and a plot of land – on sale through an open au...
Nobody Knows Exactly When First Home Will Resume
The time when the "First Home" scheme will be resumed, with the state only guaranteeing for 50% of the amount granted as part of the mortgage loan scheme, is still unknown even after the Fin...
Survey: Land Prices Down 16% In 1Q
Owners of inner city land for residential project development in Romania continued to decrease prices in the first quarter of the year, by up to 16%, under the pressure still felt from the e...
CBRE: Retail Networks Expected To Drive Land Trades In 2011
Hypermarket and supermarket chains will top the activity chart on the Romanian land market in 2011 as well, since developers are focusing on projects previously frozen because of the economi...
Romanian Tulip Inn Sunny Hill Hotel On Sale For EUR6.5M
The four-star Tulip Inn Sunny Hill hotel in Romanian city Cluj-Napoca was put on sale for EUR6.5 million, plus VAT, unit owner Eugen Tusa told MEDIAFAX.
Constructor Concefa Sibiu Quarterly Profit Triples On Year, To RON0.15M
Constructions company Concefa Sibiu (COFI.RO) Friday said its net profit tripled to 151,000 lei (EUR36,831) in the first quarter, on higher financial income.
Transilvania Constructii 1Q Net Profit Up 32% On Year
Romanian construction company Transilvania Constructii (COTR.RO) Friday said its net profit rose 32% on the year to 153,000 lei (about EUR37,000) in the first quarter, despite lower sales.