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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Romania Registers 50,153 Real Estate Deals in July 08.07.2020
The number of real estate deals in Romania stood at 50,153 in July, 3,335 more compared with June, data from the national cadastre agency ANCPI... more
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AFI Europe Completes Acquisition of NEPI's Romanian Office Portfolio for EUR290M 08.06.2020
AFI Europe has completed the acquisition of NEPI Rockcastle's office portfolio in Romania in Romania for EUR290 million after the two companies... more
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Colliers: Romania Real Estate Investment Market Grows 18% To Over EUR400M In 1H/2020 08.06.2020
Romania’s real estate investment market reached a total EUR408 million in the first half of 2020, with office space transactions accounting for... more
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Hotels in Romania Record All-Time Lows as COVID-19 Restrictions Curtail Travel Demand 08.05.2020
Hotels in Romania are recording all-time low results as the COVID-19 pandemic and related restrictions have curtailed demand from foreign travelers... more
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China’s Fosun Buys Floreasca Park From Germany’ GLL 08.05.2020
Fosun, one of the largest investment companies in China, has bought the Floreasca Park office space project in capital Bucharest from German fund... more
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Sameday Leases 1,200 Sqm in Former Auto Showroom Near Bucharest 08.04.2020
Delivery company Sameday, owned by online retailer eMag, has leased a space of approximately 1,200 square meters in Tunari, near Bucharest,on the... more
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Danya Cebus Rom 2019 Turnover Soars 48% YoY To RON202M 08.04.2020
Danya Cebus Rom, the company that built the AFI Cotroceni shopping center in capital Bucharest, as well as several other office space projects,... more
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Baneasa Shopping City Unveils Opening Of Hugo Boss Store In October 2020 08.03.2020
Baneasa Shopping City, located in northern Bucharest and managed by the company Baneasa Developments, has announced the opening of a Hugo Boss... more
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Colliers International: Total Office Space Demand In Bucharest Drops 28% In 1H/2020 08.03.2020
The total office space demand in capital Bucharest decreased by nearly 28% in the first half of 2020, to little over 124,000 square meters, while... more
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Black Sea Trade Bank Invests in Green Bond Issued by Globalworth 07.31.2020
The Black Sea Trade and Development Bank (BSTDB) sadi Friday it has invested EUR35 million in a EUR400 million bond issued by Globalworth, the... more
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ON Semiconductor Leases 3,200 Sqm of Offices in The Light Project in Western Bucharest 07.30.2020
Nasdaq-listed ON Semiconductor has signed a lease for 3,200 square meters in the first office building part of The Light project developed by River... more
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Wienerberger Turnover in Romania Grows 21% in 2019, to RON279M 07.30.2020
Austrian brick manufacturing group Wienerberger, which owns four production units in Romania, posted a turnover of RON279 million locally in 2019,... more
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CTP Invests EUR65M in Logistical Project in North Bucharest 07.30.2020
Czech industrial property developer CTP is investing EUR65 million in a project of over 100,000 square meters in logistical park CTPark Bucharest... more
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C&W Echinox: Bucharest Calea Victoriei Area to Attract EUR300M Investments 07.29.2020
Calea Victoriei in Bucharest, a 2.8-kilometer-long artery downtown, will continue to grow as an office and hotel hub in the next years as... more
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JLL: Commercial Deals in Romania Grow 21% in 1H/2020; 90% of Volume in Bucharest 07.29.2020
The volume of commercial real estate deals, which include office, retail, industrial and logistical projects and hotels, grew 21% on the year in... more
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Forte Partners Seeks to Build Residential Project Next to Its U-Center Offices 07.28.2020
Forte Partners, one of the most active developers on the local real estate market, said it plans to build a 500-apartment residential project on... more
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TeraPlast Profit Doubles in 1H/2020 to RON29.5M 07.28.2020
TeraPlast Group (TRP.RO), the largest Romanian construction materials manufacturer, reported a net profit of RON29.5 million for the first half of... more
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HAGAG Development Europe Gets Building Permit for H Eliade 9 Residence Project 07.27.2020
Real estate developer HAGAG Development Europe, part of Hagag Group of Israel, said Monday it has secured a building permit for its H Eliade 9... more
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Wilo Completes EUR7M HQ Near Bucharest 07.27.2020
Wilo Romania, the local division of German pump and water pumping systems manufacturer Wilo SE, said Monday it has completed the construction of a... more
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TeraPlast Group To Sell Steel Division to Kingspan 07.27.2020
TeraPlast Group, the largest Romanian producer of construction materials, with a turnover of nearly RON1 billion in 2019, has signed an agreement... 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.
