Dedeman’s Paval Brothers One Signature Away from Paying EUR100M for The Office in Cluj
03.26.2019
Dedeman has reached an agreement with property investment company NEPI-Rockcastle and businessman Ovidiu Sandor to buy The Office building in Cluj-Napoca in the largest deal outside Bucharest, market sources say.
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Turkey’s Caba Group To Invest EUR100M In Second Phase Of 102 The Address Project 04.19.2019
Turkish real estate developer Caba Group said it will invest over EUR100 million in developing the second phase of the 102 The Address project, a... more
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Carturesti To Open Bookstore On Groundfloor Of America House Office Building In Bucharest 04.18.2019
Bookstore chain Carturesti of entrepreneurs Nicoleta Dumitru and Serban Radu, will be opening a bookstore on the ground floor of America House... more
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Dedeman’s Paval Brothers Look Into Buying Timisoara-Based ISHO Offices 04.16.2019
Brothers Adrian and Dragos Paval, the founders of do-it-yourself retailer Dedeman, the largest Romanian entrepreneurial business, are looking into... more
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Coworking Space Concept 3house To Open Its 2nd Center In Bucharest, In EUR1.8M Investment 04.16.2019
3house, a new coworking space concept recently launched by entrepreneurs Vlad Craioveanu and Ilinca Paun, will be opening its second center in... more
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CBRE Romania 2018 Turnover Up 3% YoY To EUR13M 04.15.2019
CBRE Romania, the largest real estate consulting company in Romania, reported a turnover of EUR13 million in 2018, up 3% year-on-year, and plans to... more
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CBRE Takes Over Administration Of NEPI Rockcastle’s Three Office Buildings In Bucharest 04.15.2019
Real estate consulting firm CBRE has taken over the administration of the three office buildings of South-African real estate developer NEPI... more
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Dunwell: Romania Industrial Sector Seen Overshooting 4 Million Sqm Of Class A Logistics Projects In 2019 04.15.2019
The industrial sector could attract up to 750,000 square meters of logistics projects until the end of 2019 and Romania is close to setting a new... more
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Banca Transilvania Expects Slowdown In Romania House Price Increases On Short Term 04.12.2019
House prices in Romania will see a slowdown in growth rate in the upcoming period, according to estimates by Banca Transilvania analysts. more
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Immofinanz Reports EUR48.2M Rental Income From Its Romanian Properties In 2018 04.11.2019
The 15 properties owned by Austrian-held real estate developer Immofinanz in Romania generated rental income of EUR48.2 million in 2018, accounting... more
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Prime Kapital Announces Silk District Project In Iasi; Works May Start Until End-2019 04.11.2019
Real estate developer and investment firm Prime Kapital, established by two of former managers of NEPI Rockcastle, plans to start works on the Silk... more
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Romanian Construction Market Sees Positive Trend In 2018 And 2019 04.11.2019
Romania’s construction market grew 5.6% year-on-year in 2018 and the number of housing units built throughout 2018 was 12% higher compared with... more
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Eurostat: House Prices In Romania Up 5.3% YoY In 4Q/2018 04.11.2019
House prices in Romania grew by 5.3% in the fourth quarter of 2018, compared with the same quarter of 2017, and by 0.8% compared with the third... more
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BCR Puts Heritage Building in Piata Universitatii, Bucharest, Up for Sale 04.11.2019
Banca Comerciala Romana has put for up sale the palace in Piata Universitatii in Bucharest that once housed Generala insurance company and has been... more
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SVN International Corp Opens Realty Consulting Office In Bucharest; Eyes EUR4M Turnover In 1st Year Of Operations 04.10.2019
U.S. real estate consulting firm SVN International Corp, with operations in eight countries and regions globally, has opened an office in... more
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Romania Has 3.71 Million Sqm Of Malls, Retail Centers And Galleries – On Average 191 Sqm/1,000 Inhabitants 04.10.2019
The stock of modern retail space in capital city Bucharest remained stable in 2018, at 1.2 million square meters, 7% higher than the stock in... more
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Reynaers Romania: Aluminum Carpentry Market Seen Up 5%-10% In 2019 04.10.2019
Reynaers Aluminium Romania, the local division of European developer of aluminum products for the building sector, expects a 10% increase in its... more
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Real Estate Developers Delivered Over EUR1.3B Worth of Retail, Office and Industrial Space in 2018 04.10.2019
The total value of the retail, office and industrial properties delivered in 2018 stood at EUR1.3 billion, 20% higher than in 2017, data... more
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JLL: Office Space Market Remains Attractive For Existing And New Companies 04.08.2019
The year 2019 jump-started for the market of office space transactions and all signs suggest the upward trend will be kept until the end of the... more
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Developer Gran Via Goes to Constanta with EUR60M Residential Project 04.08.2019
Spanish-held real estate developer Gran Via, which has completed about 1,000 homes in Bucharest so far, has started work on a new residential... more
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Dedeman Owners Recruit Raiffeisen's Investment Manager to Run Paval Holding 04.05.2019
Dragos and Adrian Paval, the owners of DIY retail chain Dedeman, have recruited Laurentiu Ciocarlan, head of Raiffeisen Bank's investment... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
