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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JLL Bucharest City Report: 2019 Will Bring 900,000 Sqm of New Modern Spaces 08.26.2019
Real estate development activity could double in 2019 compared with 2018 if all the projects scheduled for this year are completed as developers... more
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EUR1B Worth of Office Buildings Up for Sale in Romania 08.26.2019
At least seven office space projects are for sale in Romania and the value of the deals - if all of them are signed this year, could exceed one... more
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Colliers: Bucharest is Most Dynamic Office Market in CEE in 1H/2019 08.22.2019
Bucharest was the most dynamic office market among capital cities in Central and Eastern Europe in the first half of the year, with 185,000 square... more
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CBRE: Cluj Development Drives Interest for Surrounding Areas 08.22.2019
The accelerated development of the city of Cluj in recent years is attracting investors in nearby areas. A 26-ha land for an industrial park has... more
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Housing Demand Remains High in Bucharest; 20,000 Apartments Under Construction 08.21.2019
Housing demand remains high in Bucharest and developers are currently working on over 20,000 housing units, of which 70% are scheduled to be... more
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Grocery Retailers Own RON15B Worth of Real Estate in Romania 08.21.2019
Hypermarket and supermarket chains in Romania own land and buildings valued at 15 billion lei (EUR3.1 billion) and the value of their real estate... more
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Romania Posts Biggest Annual Construction Growth in EU in June 08.20.2019
Romania's adjusted production in the construction sector was the highest in the European Union in June, 23.3% higher than in June 2018, Eurostat... more
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C&W Echinox: Bucharest Office Market To See Record Year if All Projects Delivered on Time 08.20.2019
The Bucharest office market could have a record year in terms of deliveries in 2019 if all announced projects are finalized on time, totaling... more
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Nextfit Opens EUR1.1M Fitness Center in Vox Technology Park in Timisoara 08.20.2019
Gym operator Nextfit, owned by entrepreneurs Razvan Irimescu and Sergiu Serban, is set to open a fitness center in Vox Technology Park in... more
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CBRE: Modern Industrial Stock Tops 4M Sqm in 1H/2019 08.19.2019
Modern industrial stock in Romania exceeded 4 million square meters in the first half of the year with the delivery of 24,000 sqm and another 1... more
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JLL: Real Estate Investments Grew Slightly in 1H, Buyers Remain Cautious 08.19.2019
Despite worries of the real estate market overheating, the Romanian real estate market registered just four transactions of over EUR10 million in... more
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Private Healthcare Providers Go to Corporate Customers and Open Clinics in Office Buildings 08.19.2019
The development of the office buildings and the high number of people working there are attracting the private healthcare providers which open... more
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Companies in Bucharest Leased 19,000 Square Meters for Expansion in H1 08.16.2019
Out of the about 220,000 square meters of office space leased in Bucharest in the first half of 2019, about 10% accounted for expansion of... more
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Timisoara-Based Industrial Park VGP Gets RON33M Capital Injection 08.14.2019
VGP Park Timisoara, one of the companies through which Belgian real estate developer VGP operates in Romania, has received a capital injection of... more
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Impact Developer & Contractor 1H Revenues From Sale Of Realty Properties Soar 90% To RON79.5M 08.13.2019
Real estate developer Impact Developer & Contractor (IMP.RO) ended the first half of 2019 with revenues of RON79.5 million from the sale of real... more
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Romania Ranks Third In CEE By Value Of Real Estate Transactions In 1H/2019 08.13.2019
The value of real estate transactions grew nearly 6% in the first half of 2019, to approximately EUR410 million, accounting for nearly 10% of the... more
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BCR To Become Biggest Tenant in Business Garden Bucharest 08.13.2019
Lender BCR will become the biggest tenant of the Vastind's Business Garden Bucharest office compound in the Grozavesti area, after renting 14,000... more
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Vertiv Relocates Cluj-Napoca HQ to Advancity Business Center 08.13.2019
US hardware and software producer Vertiv has relocated its headquarters in Cluj-Napoca after renting 4,500 sqm in the Advancity Business Center... more
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Sodexo Romania Relocates To Iride Business Park 08.12.2019
Immofinanz, one of the largest office building owners in capital Bucharest, has rented out nearly 3,100 square meters of office space to Sodexo,... more
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Apex Opens Hilton Garden Inn at Bucharest International Airport 08.12.2019
Lithuanian Apex Alliance Hotel Management has opened its first airport hotel in Romania, Hilton Garden Inn Bucharest Airport, located inside... 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.
