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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Government Replaces ROBOR with New Reference Index for State-Sponsored Lending Programs 05.30.2019
Romania's government on Thursday adopted a draft decree replacing the reference index used to calculate variable interests on state-sponsored... more
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Dedeman Net Profit Tops RON1B in 2018 05.30.2019
DIY retailer Dedeman had a profit of RON1.013 billion in 2018, up 14% on the year, and its turnover stood at RON7.22 billion, up 14% compared with... more
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C&W Echinox: Three IT Companies Lease 6,500 Sqm of Offices in Cluj-Napoca 05.30.2019
Real estate consultancy firm Cushman & Wakefield Echinox brokered three leases of office spaces in Cluj-Napoca with a total area of 6,500 square... more
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Dunwell: Cluj-Napoca, The City With Highest Prices Of Land For Industrial Developments In Romania 05.30.2019
Cluj-Napoca has become the city with the most expensive plots of land for industrial developments in Romania, because prices are almost double than... more
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Reff & Asociatii Law Firm Relocates to The Mark Office Project in Bucharest 05.30.2019
Law firm Reff & Asociatii, member of the Deloitte Legal global network, has moved its office to The Mark project built by Austrian developer S Immo... more
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Imotrust Arad Plans To Sell Land In Cluj Napoca For EUR2.25M 05.30.2019
Imotrust Arad, which operates in the real estate sector, plans to sell a plot of land of 44,505 square meters in Cluj Napoca, at a total price of... more
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Immofinanz Rental Income in Romania at EUR12.6M in 1Q/2019 05.29.2019
Austrian property developer Immofinanz had revenues of EUR12.6 million in the first quarter from renting its 17 office and retail properties in... more
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Element Industrial Invests EUR35M In 60,000 Sqm Logistics Project In Craiova 05.28.2019
Real estate developer Element Industrial, held by Ionut Dumitrescu and Muler Onofrei, announced investments of EUR35 million in a 60,000-square... more
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Cordia Buys 18,000 Sqm Land in Bucharest for Residential Development 05.27.2019
Hungarian-held Futureal group, via its local division Cordia Romania, has bought a plot of land of 18,000 square meters on the shore of Lake... more
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CBRE: Nearly 190,000 Sqm Of Shopping Centers To Be Delivered In Romania In 2019 05.27.2019
The surface area of shopping centers in Romania will be extended by some 190,000 square meters in 2019, most of which in regional cities and 18% of... more
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Colliers: Bucharest, Constanta, Alba, Timis Lead Ranking Of Most Powerful Logistics Centers 05.24.2019
The Romanian industrial and logistics market has seen an exponential growth over the past years, in terms of the dynamics of industrial... more
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Cushman & Wakefield: Romania, Europe’s Fifth Most Attractive Market For Manufacturing 05.23.2019
Romania is the fifth most attractive market for manufacturing in Europe and ranks 12th worldwide, according to Manufacturing Risk Index 2019 survey... more
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JLL Sees Real Estate Transactions Reaching EUR1.2B in 2019 05.23.2019
The number and volume of projects under negotiation set the premises for a better year than 2018, and the volume of transactions could reach... more
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Elis Pavaje Sees 10% Turnover Growth This Year, to RON200M 05.22.2019
Pavement tiles and curbstones manufacturer Elis Pavaje, based in Alba county and held by the Gota family, estimates its turnover will grow 10% this... more
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One United Properties Invests EUR1M In Retrofitting Of North Gate Pipera Project 05.20.2019
One United Properties of Andrei Diaconescu and Victor Capitanu, two of the founders of boutique investment bank Capital Partners (currently BT... more
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Consignor Expands Office in Victoria Center to Occupy 2,000 Sqm 05.15.2019
Consignor, specialized in software development for the management of deliveries, is expanding its offices in the Victoria Center building in... more
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Openville Timisoara Rebranded as Iulius Town 05.15.2019
Openville Timisoara, a EUR220 million real estate project developed by Iulius and Attenbury Europe, is being rebranded as Iulius Town and is set to... more
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Impact Developer Posts RON12.8M Profit in 1Q, Triples Sales 05.15.2019
Real estate developer Impact Developer & Contractor (IMP.RO), owned by businessman Gheorghe Iaciu, on Wednesday reported a net profit of RON12.8... more
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Globalworth Launches Global Logistics, Plans EUR35.5M Logistics Project Near Bucharest 05.14.2019
Globalworth, the biggest player on the local office market, is launching Global Logistics, a brand that will include all its logistics properties,... more
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NEPI: Resort Towns in Romania Need Infrastructure to Boost Interest in Shopping Centers 05.14.2019
Cities of less than 50,000 people can accommodate shopping centers but they need as many tourists as possible to keep the business going. The... 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.
