Real Estate
Den Braven Romania Posts EUR8.1M Sales In 1Q, Up 25% On Year
Sealants maker Den Braven Romania posted sales of EUR8.1 million in the first quarter of 2011, up some 25% on the year, mostly due to higher exports and a wider share on the local market, co...
Romania Prefab Eyes Triple Net Profit In 2011
Romanian construction materials maker Prefab (PREH.RO) Thursday estimated a net profit of 10.9 million lei (EUR1=RON4.1021) in 2011, over threefold higher on the year.
German Paint Maker Meffert Returns To Romania
German paint and varnishes maker Meffert on Thursday said it has returned to the Romanian market after a five-year absence, with plans to expand its operations through acquisitions, partners...
Bucharest Office, Retail Yields Down By 25 Bps In 1Q - CBRE
Office and retail yields in Bucharest continued to drop in the first quarter of the year to 8.75%, and 10.25% respectively, while rents remained constant, property consultants CB Richard Ell...
Ana Holding To Start Construction Of Office Project In N Bucharest
Construction works on Bucharest office building Ana Tower will start within 3-6 months, with a total investment of EUR70 million, said businessman George Copos, the owner of Ana Holding grou...
Bucharest Apartment Rents Fall By Up To 14% In 1Q - Survey
The rents for apartments in Romania’s capital city Bucharest dropped by up to 14% in the first quarter compared with the same period of 2010, with the largest fall in case of 3-room flats, a...
CBRE Romania CEO Radu Lucianu Resigns, Iorgu Takes Over
Real estate consultancy firm CB Richard Ellis Romania on Friday said its chief executive Radu Lucianu resigned and he will be replaced by Razvan Iorgu, the current chief operating officer.
Romanian Cominco Appoints New General Manager
Romanian construction company Cominco Bucuresti (COBS.RO) appointed Ciprian Ungureanu as the new general manager starting Thursday, replacing Florin Camarasu, who resigned from the position,...
Plaza Centers Postpones Romanian Projects Until 2012-2013
Israeli developer Plaza Centers put off to 2012-2013 its plans to build several shopping centers in Romania, according to the company's annual report released Wednesday.