Real Estate
Potential Buyer For City Mall: We'll Sell It For Sure In A Month, Liquidator Says
City Mall shopping center in Bucharest, currently bankrupt, might find a buyer at the third auction, starting at a price of EUR26.2 million, considering Casa de Insolventa Transilvania, the...
Dinu Patriciu's Property Firm Sells Sweden Portfolio To Focus On Other Markets
Dinu Patriciu Global Properties (DPGP), owned by Romanian businessman Dinu Patriciu, sold seven office buildings in Sweden, with a total surface of 75,000 sqm, to Swedish Hemfosa Fastigheter...
PwC: Romania's Construction Market Will Gain $22B By 2020
The Romanian construction market is expected to grow by $22 billion over the next 10 years, according to a study released Thursday by consultants PricewaterhouseCoopers.
FM Logistic Invested EUR15M In New Logistic Platform
FM Logistic, a logistics solutions company, with such clients as Cora, Sanofi-Aventis, Kraft Foods or Coca Cola in its portfolio, has finalized its EUR15 million investment in the logistic p...
Man Behind Cocor Makeover Leaves Company
Dan Barbulescu, who in the last four years has run Cocor's Board of Directors and has overseen the upgrade of the shopping center, announced he is stepping down from the company's management...
Ioana Momiceanu To Manage Dinu Patriciu's Romanian Real Estate Assets
Dinu Patriciu Global Services, or DPGS, owned by Romanian businessman Dinu Patriciu, Wednesday said it has appointed Ioana Momiceanu as head of asset management for its real estate portfolio...
Cocor Bucuresti 1Q Net Profit Triples To RON1.5M
Romanian shopping center operator Cocor (COCR.RO) on Wednesday reported a net profit of 1.5 million lei (EUR335,000) for the first quarter, three times more than the result posted in the sam...
Most Expensive Housing Project: No Website, No Sales Team And 400 Empty Apartments
Bucharest's Asmita Gardens, the housing project entailing the largest private investment, around EUR120 million for building seven blocks with almost 800 apartments, has been struggling in t...
First Home 4 Start Delayed: Government Has Yet To Publish Framework Agreement
The "First Home" scheme is officially frozen, as banks have exhausted the EUR200-million sum earmarked at the start of the year and the fourth stage cannot start since the protocol of co-ope...