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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RE/MAX 2018 Turnover Up Nearly 50% To EUR3M, Eyes 40% Growth In 2019 03.13.2019
Real estate agency franchise RE/MAX Romania brokered more than 2,500 transactions in 2018, in the amount of EUR155 million, which brought fees of... more
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CBRE: Logistics And Industrial Space Segment Expected To See Biggest Growth In Recent Times 03.12.2019
The modern stock of logistics and industrial space reached 3.8 million square meters countrywide, at the end of 2018, of which 81% is located in... more
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C&W Echinox: Asian Investors Start Eyeing Romanian Property Market 03.12.2019
The Romanian property market has begun to attract the attention of major Asian investors, as groups from China and South Korea are looking into... more
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Globalworth Office Portfolio Reaches EUR1.2B in Romania 03.11.2019
Real estate developer Globalworth's office portfolio value grew 35.6% in 2018, to EUR2.5 billion, of which 51%, EUR1.27 billion in Romania and the... more
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Floreasca Area Preparing for EUR500M Investments 03.08.2019
The deals with office buildings and the projects developed by such developers as Skanska and Globalworth could bring EUR500 million investments in... more
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Housing Prices Grow 3% YoY in February 2019 03.07.2019
Housing prices in Romania grew 3% on the year in February, the smallest annual growth since the global financial crisis, according to a housing... more
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German Fashion Retailer Kik Opens First Store in Bucharest in Bucur Retail Park 03.06.2019
German fashion discounter Kik has opened its first store in Bucharest in Bucur Retail Park in the western part of the city, following an investment... more
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AFI Romania Owners Have New Shareholders: Two Realty Firms In Israel Control Africa Israel Properties 03.06.2019
Africa Israel Investments (AII), a holding-type investment company headquartered in Israel, sold the majority stake, of 51% held, in Africa Israel... more
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Globalworth Starts Construction Of New Office Building In Bucharest’s Barbu Vacarescu Area 03.06.2019
Real estate developer Globalworth is starting the construction of the Globalworth Square office building, located in Bucharest’s Barbu Vacarescu... more
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Germany’s GLL Puts Bucharest-Based Floreasca Park Project Up for Sale 03.06.2019
German real estate asset management company GLL Real Estate Partners has put up for sale the Floreasca Park office space project in Bucharest,... more
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Eight Large Companies to Move 10,000 Employees to New Offices This Year 03.06.2019
Renault, ING, Deloitte, Enel, UPC, WPP, BNP Paribas and Medicover are among the companies that will move into new offices this year. The eight... more
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Ipsos Interactive Extends Riverplace Office Lease by Six Years 03.05.2019
French Ipsos Interactive Services (IIS), a global player in the field of market research, has extended its office lease for 6,000 sqm in the... more
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Romania to Relaunch Tenders for Two Lots of Craiova-Pitesti Expressway 03.05.2019
Romania's roads authority CNAIR will organize new tenders for the third and fourth lots of an expressway linking the cities of Craiova and Pitesti... more
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CBRE: Modern Retail Stock Delivered in 2018 up 28% on Year 03.04.2019
Modern retail stock delivered in Romania in 2018 stood at 115,000 square metes, 28% more than in 2017, mostly in small and medium-sized retail... more
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Artemis Group To Complete New Logistics Hall Near Timisoara In May 2019 03.04.2019
Industrial Artemis Group, which owns five industrial parks near Timisoara (western Romania), will complete a new building of 7,500 square meters in... more
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NEPI Rockcastle's Rental Revenue in CEE Grows 29% in 2018, to EUR346M 02.28.2019
NEPI Rockcastle, the largest shopping mall owner in Romania, reported revenues from rents of EUR346 million in Central and Eastern Europe in 2018,... more
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Cemacon Net Profit Grows 43% in 2018, to RON19M 02.28.2019
Romanian brick maker Cemacon (CEON.RO), held by the Paval brothers, the owners of DIY retailer Dedeman, on Thursday said its net profit grew 43% in... more
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Impact Net Profit Declines 60% in 2018, to RON20.7M 02.28.2019
Real estate developer Impact Developer & Contractor (IMP.RO) on Thursday reported a net profit of RON20.7 million in 2018, 60.4% lower compared... more
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German Fashion Retailer Kik Opens Second Store in Bucharest in Liberty Center 02.27.2019
German fashion retailer Kik Textilien will be opening its second store in Bucharest at the end of the first quarter, in the Liberty Center... more
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Prefab Posts 70% Growth in Net Profit in 2018, to RON2.2M 02.27.2019
Construction materials manufacturer Prefab Bucuresti (PREH.RO) posted a growth of nearly 70% in net profit in 2018, to RON2.2 million from RON1.3... 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.
