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%.
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Franke Owner Michael Pieper Has Invested EUR25M In Real Estate In Romania 09.18.2018
Swiss-held Artemis, which has five industrial parks near Timisoara is investing more than EUR5 million in the expansion of the Sanandrei park with... more
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Immofinanz Drops Plans For Mall In Brasov 09.17.2018
Austrian-held real estate developer Immofinanz has dropped plans to build Stop Shop shopping center in Brasov due how long it took to secure the... more
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Colliers: Modern Office Space Stock May Reach 6 Mln Sqm In Next Ten Years 09.14.2018
The modern office space stock could reach 6 million square meters in the next ten years considering that currently, both Bucharest and other... more
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Dunwell Brokers Deals Of Over 13,000 Sqm In Summer Of 2018, Eyes 10% Market Share By Yearend 09.14.2018
Dunwell agency, which specializes in industrial real estate and land brokerage and was founded in 2017 by Marian Orzu, Daniel Cautis and Laurentiu... more
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C&W Echinox: Office Stock in Major Cities Doubled in 5 Years, Will Top 5M Sqm in 2019 09.13.2018
Office stock in Romania's major regional cities - Cluj-Napoca, Timisoara, Iasi and Brasov - has doubled in the past five years and will continue to... more
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CIT Grup Buys EUR6.2M Office Building in Central Timisoara, Enters Real Estate Business 09.13.2018
CIT Grup of Timisoara, the main Romanian distributor on the niche of refurbished IT equipment, has acquired the building former Nokia building in... more
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WB: 55% Of Romania’s Housing Units Built Before 1970, 35% Need Urgent Repairs 09.12.2018
55% of Romania’s housing units were built before 1970 and 35% of the country’s 8.5 million housing units need urgent repairs, as per a survey... more
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CBRE: Romania’s Logistics & Industrial Space Market May Reach 3.9 Mln Sqm End-2018 09.12.2018
Romania’s industrial and logistics space market could reach 3.9 million square meters at the end of 2018, considering that the modern logistics... more
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Corporate Office Solutions Opens Concept Store Within Timisoara-Based ISHO Offices 09.12.2018
Corporate Office Solutions (COS), specializing in turn-key office interiors, is expanding in western Romania by opening a showroom within ISHO... more
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Opus Land Residential Development Buys 9-Ha Land For EUR2.4M 09.10.2018
Opus Land Residential Development, the developer of Cosmopolis residential project, has bought a nine-hectare plot of land, for EUR2.4 million,... more
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InterDoga Gets EUR5M Loan from OTP to Fund Green Park Iasi Residential Project 09.10.2018
German group InterDoga, which bought the Green Park residential project in Iasi, eastern Romania, this spring, borrowed EUR5 million from OTP Bank... more
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PAID Approved Flood Damage Claims of RON3M in Jan-Aug 09.06.2018
The Romanian Pool of Insurance against Natural Disasters (PAID) approved 720 flood damage claim files in the first eight months of 2018, totaling... more
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Local Entrepreneur Invests EUR62M in Residential Project in Timisoara 09.06.2018
Real estate group Wallberg Properties, owned by local entrepreneur Valentin Morar, plans to invest EUR62 million in a residential project in... more
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Office Vacancy Rate Hits 9-Year Low in 1H at 8%, Bucharest Modern Stock Reaches 2.79M Sqm 09.04.2018
The vacancy rate of offices in Bucharest reached 8% in the first half of 2018, the lowest rate in nine years, and modern office stock reached 2.79... more
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Dutch Investors Begin EUR5M Investment To Give Magazinul Bucuresti New Lease On Life 09.04.2018
The Magazinul Bucuresti store in Bucharest’s Old Town will be revived by next year’s fall, with demolition and reconstruction work having... more
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Veranda Mall Adds Decathlon And World Class As Anchors 09.03.2018
Veranda shopping center in the Bucur Obor area of Bucharest will add sporting goods retailer Decathlon and gym chain World Class as tenants, ZF has... more
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Immofinanz Reports EUR23.6M Rental Income From Its Romanian Properties In 1H/2018 08.30.2018
The properties owned by Austrian-held real estate developer Immofinanz in Romania are worth EUR807.7 million, accounting for 19% of Immofinanz’s... more
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SIF Moldova To Develop EUR100M Residential Compound Near Straulesti Lake 08.30.2018
Straulesti Lac Alfa SA, a company held by regional investment fund SIF Moldova and Cityring Property, wants to develop a 1,400-apartment... more
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Employee Numbers in Modern Office Buildings in Bucharest to Reach 270,000 by End-2018 08.30.2018
The number of employees in Class A and B office buildings in Bucharest reached about 253,000 at the end of the first half of 2018 and is seen... more
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Global Vision Plans To Develop EUR200M Industrial Park On Former Voestalpine Plot In Constanta 08.27.2018
Real estate developer Global Vision, which bought an almost 100-hectare plot near Constanta Harbor last year, plans to develop an industrial park... 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
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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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.
