01.10.2012

Raiffeisen Bank International will fund the Promenada Mall project in northern Bucharest with EUR95.5 million, according to Raiffeisen evolution, developer of the shopping center. more

12.29.2011

The mall market in Bucharest could resume strong growth next year when developers of six new projects with over 300,000 square meters of floor space plan to begin construction works. This would take more

12.05.2011

The Diverta bookstore chain has recently closed down its store in AFI Palace Cotroceni shopping center, the mall with the highest visitor traffic in Romania. more

12.01.2011

The shopping centers with poor sales, few clients and hardly any major tenants on the local market are selling at 80% to 90% discount on the prices of 2006 and 2007. The latest deals to prove it are more

11.24.2011

Bucharest has the biggest malls in the country, the tallest office buildings, luxury hotels and famous parks like Herastrau and Cismigiu (north and center of the city). more

11.08.2011

Businessman Iulian Dascalu, owner Iulius Mall network, has reached an agreement with apparel retailer H&M, which will open a store in the mall in Suceava (northern Romania). The complex will also more

11.07.2011

Consultants and appraisers believe the EUR17.3 million price that the shopping center City Mall in Bucharest will be sold for is a reference for the discount banks will have to take in order to sell more

10.31.2011

Shopping center City Mall in southern Bucharest, which went bankrupt in November 2010, has found a buyer for EUR17.3 million. more

10.28.2011

Austrian investment fund Immofinanz, the largest foreign investor on the Romanian real estate market, opens the Maritimo mall in Constanta on Friday in the wake of a EUR100 million investment. The more

10.17.2011

Romanian developer Moldova Universal, owned by businessman Danut Prisecariu, has invested EUR15 million so far in the construction of a mall in northeastern Romania, and the unit is set for opening in more

10.12.2011

Businessman Iulian Dascalu, the biggest Romanian owner of shopping centers, registered revenue of EUR32.1 million in the first nine months from the Iulius Mall projects in Timisoara, Cluj, Suceava and more

10.06.2011

The most crowded autumn in three years in terms of mall openings starts this Thursday, October 6 in Arad, with a EUR70 million project that is almost entirely rented out. Further malls will open in more

09.19.2011

The Galleria mall in Romanian western city Arad will be launched on October 6, following an investment of EUR70 million, according to information posted on the mall’s official website. more

09.12.2011

This fall will be the best of the last three years for the shopping centers' market: seven new malls with a lettable area of 300,000 square meters are due to open. more

09.06.2011

Transilvania Insolvency House, the designated liquidator of Bucharest shopping center City Mall, is confident it will find a buyer for the troubled company by year-end, after several investors have more

08.26.2011

Twelve years after opening, Bucuresti Mall continues to generate annual revenue equaling 30% of the investments involved in the project. more

08.15.2011

Israeli-group Globe Trade Center (GTC), led in Bucharest by Shimon Galon, one of the most experienced real estate developers on the market, will open the company’s fourth local mall on October 6, in more

08.09.2011

Construction company Danya Cebus Rom, part of Israeli group Africa Israel Investments, posted around EUR12 million in turnover in the first six months of the year, slightly more than in the similar more

07.27.2011

Real estate developer AFI Europe on Wednesday said it will start in fall the construction of a EUR35 million mall, in southern Romanian city Ploiesti, set for completion in 2012. more

07.21.2011

The creditors of bankrupt Bucharest shopping center City Mall approved the start of direct negotiations for the mall’s sale, evaluated at some EUR21 million, Thursday said the unit’s liquidator more

07.19.2011

ACMS, a construction company owned by businessmen Daniel Tanasoiu, Emil Tanasoiu and Valentin Bitoiu, won the contract for the building of Adora mall in Craiova, an investment estimated at EUR111 more

07.05.2011

Smaller versions of the Baneasa project in northern Bucharest, Romania's largest retail park, are fighting and succeeding in getting new tenants. While expansion tends to be more difficult for malls more

06.29.2011

Bankrupt Bucharest shopping center City Mall failed to draw bidders in the fifth auction, set for June 30, thus the liquidator, Casa de Insolventa Transilvania, will sell the unit through direct more

06.22.2011

Developer Sonae Sierra added more than 34 million lei (EUR8.2 million) to the share capital of the River Plaza Mall in central Romania, compensating a loan from 2009. more

06.17.2011

Bucharest shopping center City Mall will be put up at auction for the fifth time on June 30, at a starting price of EUR20.96 million, down from around EUR24 million at the previous sale attempt, more