Globalworth Posts 135% Operating Revenue Growth in 1H, to EUR51M
09.19.2018
Globalworth Real Estate Investments, the largest office building owner in Romania and the main investor on the office market in Central and Eastern Europe, had operating revenues of EUR51.7 million in the first half of the year, up 135%.
-
Microsoft Romania Fully Leases 2nd Building Within Campus 6 Office Development In Western Bucharest 10.29.2018
Microsoft Romania has leased 22,905 square meters of office space and 500 parking lots within Campus 6 office development in western Bucharest,... more
-
Radisson Blu Hotel in Brasov Gets Building Permit, Due for Completion End-2020 10.29.2018
Rara Hotels, the company building the Radisson Blu hotel in Brasov, central Romania, has acquired the necessary building permits to consolidate the... more
-
Deloitte Leases 8,500 Sqm of Office Space in The Mark Project, Downtown Bucharest 10.29.2018
Financial consultancy and audit company Deloitte has signed a leasse for over 8,500 square meters of office space in S Immo's The Mark project near... more
-
Slovakia’s Cinemax To Open Multiplex Cinema In Bucharest’s Veranda Shopping Mall 10.26.2018
A multiplex cinema operated by Cinemax, the largest multiplex cinema chain in Slovakia, will be opened within the Veranda shopping center in... more
-
IKEA Puts Off Opening Of Second Store In Bucharest Until 2019 10.23.2018
Swedish furniture and decoration retailer IKEA on Tuesday said it will be opening in 2019 its second store in capital Bucharest, in Theodor Pallady... more
-
NEPI Rockcastle Opens EUR40M Shopping Center in N Romania in December 10.22.2018
Works on Shopping City Satu Mare, an investment of over EUR40 million by commercial property investor and developer NEPI Rockcastle, are nearing... more
-
Industrial Space Deliveries To Top 1M Sqm in 2018, 70% Up on Year 10.18.2018
Industrial space deliveries will record the most spectacular growth in recent history this year, exceeding one million square meters delivered in a... more
-
Saint-Gobain Reopens Isover Glass Wool factory in Ploiesti after EUR5M Upgrade 10.18.2018
Saint-Gobain has reopened the Isover glass wool insulation factory in Ploiesti, southern Romania, after two years of suspended activity and a EUR5... more
-
Developers Blame Slower Sales Of New Apartments On Labor Shortage 10.18.2018
New apartment sales continue as planned at there is no decline in demand, the real estate developers in Romania say, considering the number of... more
-
Spaces Rents 4,100 Sqm in Expo Business Park in Northern Bucharest 10.17.2018
Spaces, a dutch concept of flexible work space, part of International Workspace Group, has signed a five-year lease for 4,100 square meters of... more
-
Veranda Mall Owner Gets EUR34M from CEC Bank for Expansion 10.17.2018
Andrei Pogonaru, owner of the Veranda shopping center in Bucharest, has signed two loan agreements with CEC Bank for a total of EUR34 million to... more
-
Romania Registers 42,522 Real Estate Deals in September 10.16.2018
The number of real estate deals in Romania stood at 42,522 in September, 1,900 more compared with August, according to the national cadastre agency... more
-
Orbis Hotel Group To Open ibis Styles Hotel in Bucharest in 2020 10.16.2018
Orbis Hotel Group, the largest hotel operator in Eastern Europe and a strategic partner of AccorHotels, has signed a management agreement for a new... more
-
CBRE: Modern Retail Stock Exceeds 3.5M Sqm, 32% Located in Bucharest 10.15.2018
Modern retail stock in Romania has reached 3.52 million square meters, of which approximately 32% located in the capital city Bucharest, a report... more
-
Policolor Invests EUR5.4M in New Production Facility 10.15.2018
Paint and coatings manufacturer Policolor will invest EUR5.4 million in a new production facility in Bucharest that will raise its production... more
-
IKEA Sales In Romania Up 10.6%, To RON609M, In 2018 Financial Year 10.11.2018
Swedish furniture and decoration retailer Ikea on Thursday reported 10.6% higher sales in Romania, to RON609.34 million, VAT not included, in 2018... more
-
Ursus Acquires 20,000 Sqm Space In Industrial Park In Buzau 10.11.2018
Brewing company Ursus has acquired a 20,000-square meter space within industrial park WDP located in Buzau. The transaction was brokered by... more
-
Bacau-Based Arena Mall To Be Extended, Modernized In EUR20M Investment 10.11.2018
Bacau-based shopping center Arena Mall will undergo extension and modernization works, within an investment of nearly EUR20 million. The leasable... more
-
CTP Delivered Over 130,000 Sqm Of Logistics Space In Industrial Parks In 1H/2018 10.10.2018
CTP, the largest developer and administrator of premium industrial and logistics parks in Romania and Central and Eastern Europe (CEE), completed... more
-
C&W: Monthly Occupancy Cost In Bucharest Modern Office Buildings From EUR175 To EUR500/Employee 10.10.2018
Companies in Bucharest with offices in modern office buildings have a monthly occupancy cost of EUR175 to EUR500 per employee, according to an... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
more
Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
more
Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
more
Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
more
The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
more
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
more
The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
moreAnalysis
C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
