One United Properties Sells 80% Of Apartments Within One Floreasca City Project
05.11.2020
The mixed-use project developed by One United Properties in Bucharest’s Floreasca district has a complete structure and 80% of its residential component has already been pre-contracted, according to data provided by the developer.
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Colliers: Romania Is Well Positioned To Attract Industrial Capacities from Asia yesterday, 11:52
The Central and Eastern European Region (CEE) may attract new production capacity as the global economy undergoes major changes in the pandemic... more
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Romania Seeks to Double Loan Cap Under Subsidized Mortgage Lending Program yesterday, 11:00
Romania's government plans to revamp the First Home subsidized mortgage lending program by raising the loan ceiling for new builds to EUR140,000,... more
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Bucsa, UniCredit: Increase In Guarantee Ceiling For First Home Program Will Certainly Boost House Prices 07.10.2020
Increasing the maximum guarantee ceiling within Romania's subsidized mortgage lending program for first time homebuyers will trigger price... more
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Ioannis Papalekas Returns To Globalworth’s Shareholding Structure Five Months After Exit 07.09.2020
Ioannis Papalekas, the founder and CEO of Globalworth, the largest office owner in Romania and Poland, has returned to the company’s shareholding... more
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Eurostat: House Prices in Romania Down 23.6% in 1Q/2020 vs 1Q/2007 07.08.2020
Romania registered the second largest decline in house prices in the European Union in the first quarter of 2020 compared with the first quarter of... more
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Iulius Group Starts Work on EUR120M Palas Campus Office Project in Iasi 07.08.2020
Real estate developer Iulius Group, owned by Iulian Dascalu, announced Wednesday it was starting work on the Palas Campus office project in Iasi in... more
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Globalworth: Companies’ Space Demand Grows To 20 Sqm/Employee From 10 Sqm Before Covid-19 Pandemic 07.07.2020
Companies have started to increase the office space allotted to each employee, with demand growing to on average 20 square meters per employees... more
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Kingfisher Opens Construction Materials Outlet Near Bucharest 07.03.2020
UK's Kingfisher, owner of DIY retail chain Brico Dépôt, has opened a construction materials outlet center in Chiajna, near Bucharest. more
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Romanian Households Reach Net Wealth of RON2,157B in 2019 07.03.2020
Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%,... more
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Accor Announces New Ibis Hotel Near The Future Terminal 2 Of Henri Coanda International Airport 07.02.2020
Accor Group has signed a management agreement with Alexandra Residence Design to open a 144-room ibis hotel, by end-2022, in the vicinity of the... more
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One United Buys Office1 in Northern Bucharest for EUR15M 06.30.2020
One United Properties, the most active real estate developer on the local market with 300,000 sqm of offices and residences under construction, has... more
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Continental Hotels Chain And French Accor Group Jointly Terminate Their Management Agreement 06.29.2020
Continental Hotels, controlled by businessman Radu Enache, and French Accor Group have jointly decided to terminate their management agreement... more
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HAGAG Development Europe Gets Urban Planning Permit to Restore Stirbey Palace 06.29.2020
Real estate developer HAGAG Development Europe said Monday it has secured an urban planning permit in view of restoration works on the Stirbey... more
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TeraPlast Reappoints Alexandru Stanea as CEO for Four Years 06.26.2020
TeraPlast Group, the largest Romanian producer of construction materials, said Friday it has reappointed its CEO Alexandru Stanean for a period of... more
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Tinmar Energy Acquires 95% of Intercereal 06.26.2020
Electricity trader Tinmar Energy, the biggest entrepreneurial business in the local energy sector, part of Augustin Oancea's Tinmar Group, has... more
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Practic Bucuresti Seeks Shareholder Approval For Payment Of RON10M Dividends 06.25.2020
The Board of Directors of real estate developer Practic Bucuresti (PRBU.RO) has summoned the company’s shareholders on July 27 to approve the... more
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REC Immpuls Completes First Stage of Bucharest German School Campus 06.24.2020
REC Immpuls, the regional division of German group REC Partners, has completed works on the first stage of a new campus for the Bucharest German... more
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Colliers: Office Space Market Will Have To Redefine Itself In Coming Period 06.24.2020
Following the recent transformations for companies’ safe return to the office, the office space market will have to continue to redefine itself... more
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Dedeman Posts 15% Turnover Growth in 2019, to RON8.3B 06.23.2020
Dedeman, the largest Romanian entrepreneurial business and biggest local DIY chain, posted a turnover of RON8.3 billion in 2019, up 15% on the... more
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Romania Registers 32,089 Real Estate Deals In May 2020 06.23.2020
The number of real estate deals in Romania stood at 32,089 in May 2020, 5,068 more than in April 2020, and 12,367 fewer than in May 2019, according... more
Fondul Proprietatea (FP.RO), which owns 20% in state-owned power producer Hidroelectrica, said Tuesday the government shouldn't approve
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The global economy is projected to decline by 4.9% in 2020, the International Monetary Fund said in its June 2020 latest World
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New commercial vehicle registrations in Romania declined by 42.5% in May 2020 compared with May 2019, and by 40.5% year-over-year in
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Around 60,000 employees in the Romanian auto industry, accounting for roughly a quarter of the total, remain on furlough due to low
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Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%,
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Romania's natural gas transmission company Transgaz (TGN.RO) plans to borrow RON300 million for a two-year period to finance its
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Grocery retail chain Profi, held by buyout investor Mid Europa Partners, continues its expansion at a regular pace, despite the
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Blue Air, Romania's largest private airline, said Monday it was entering safeguard procedures to continue its activity and avoid
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A study conducted by agricultural cooperative Cooperativa Tara Mea in July 2020 shows Romania’s vegetable imports grew in 2019,
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Romanian Households Reach Net Wealth of RON2,157B in 2019
Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%, central bank data showed.
