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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Wallberg Properties, With Over EUR18M Turnover In 2018, Targets Its First Realty Project In Bucharest 02.26.2019
The group of real estate firms Wallberg Properties, held by Romanian entrepreneur Valentin Morar, ended 2018 with revenue of over EUR18 million,... more
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One United Properties Close To Signing Prelease Contracts For 40% Of Leasable Area Of One Tower Building 02.26.2019
Real estate developer One United Properties, held by Andrei Diaconescu and Victor Capitanu, is on the verge of signing prelease contracts for... more
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Skanska Looking into Buying Plot Near Timpuri Noi Square 02.26.2019
Sweden’s Skanska is looking into buying an about 8,000 square meter plot on Splaiul Unirii in Bucharest, kitty-corner to the Timpuri Noi Square... more
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JLL: Developers Target Historical Buildings in Bucharest 02.25.2019
Historical buildings in downtown Bucharest have become a new target for real estate developers as the availability of land for development in this... more
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EUR1B Worth of Office Buildings and Malls For Sale in Romania 02.25.2019
The increase in supply on the real estate market and the decline in investment yield towards 7% have led to a slight rise in the price of prime... more
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Liebrecht & wooD Romania: Bucharest Would Need at Least One More Outlet-Type Project 02.25.2019
Fashion House Militari outlet, developed by Belgium’s Liebrecht & wooD group, posted EUR18.7 million sales in 2018, generated by its about 60... more
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Mulberry Development CEO Designated 2018 Entrepreneur of the Year by EY 02.22.2019
Ovidiu Sandor, CEO of real estate developer Mulberry Development, was designated the winner of the EY Entrepreneur Of The Year – Romania 2018... more
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PORR Construct to Invest EUR100M in Two Hotels in Bucharest with Two Partners 02.22.2019
Austria’s PORR Construct plans to enter the hotel market in Bucharest along with two partners and build two new four-star hotels as business... more
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Government Approves RON2B Guarantee Budget for 2019 First Home Program 02.19.2019
Romania's government on Tuesday approved a guarantee budget of RON2 billion this year's state-guaranteed First Home program for first time homebuyers. more
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C&W Echinox: Developers To Deliver 1.2 M Sqm of Industrial, Retail, Office Space in 2019 02.19.2019
Investors plan to deliver industrial, retail and office spaces with a total area of 1.2 million square meters, a new market record, compared with... more
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Hagag Development Gets Building Permit for Downtown Bucharest Residential Project 02.19.2019
Hagag Development Europe, part of HAGAG Group of Israel, was granted a building permit for its H Victoriei 139 residential project in downtown... more
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Globalworth Completes Construction Of Renault Bucharest Connected 02.18.2019
Real estate developer Globalworth, the leading investor on the office space office market in Central and Eastern Europe, has completed the... more
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CBRE: Realty Deals At EUR940M In 2018, Similar With 2017 Level; Office Space Segment The Most Dynamic 02.18.2019
Real estate transactions completed in 2018 reached EUR940 million, similar with the level registered in 2017, but 30% higher than the level... more
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Local Entrepreneur Invests EUR10M in Residential Project in Bucharest 02.18.2019
Local entrepreneur Alexandru Tiron will invest EUR10 million in a residential project in the western area of Bucharest, the first stage of which is... more
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Metro Cash & Carry To Triple Logistics Space 02.15.2019
Metro Cash & Carry store chain plans to almost triple logistics area once the new platform now under construction in Stefanestii de Jos near... more
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Mindspace Opens Co-Working Space in Globalworth Campus in Bucharest 02.14.2019
Mindspace, an Israel-based global provider of co-working spaces, has opened its first co-working center in Romania, in the Tower 1 building in... more
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JLL: Bucharest Office Vacancy Rate AT All-Time Low in 2018 02.14.2019
The vacancy rate on the Bucharest office market dropped to an all-time low of around 6.6% in 2018, compared with 9.2% at the end of 2017, amid... more
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Dutch Remon Vos Becomes Largest Owner of Logistics Space in Romania 02.14.2019
Industrial and logistics space developer CTP, held by Dutch entrepreneur Remon Vos, has reached one million square meters of logistic and... more
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Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub 02.12.2019
Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the context in... more
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C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018 02.12.2019
Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the Romania... 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.
