02.23.2016

Veranda Shopping Center, developed by businessman Florin Pogonaru in Obor area, Bucharest, got EUR25.5 million financing from Raiffeisen Bank and Raiffeisen Bank Interntional to partially finance the more

09.25.2015

Immochan Romania, the real estate unit of French-held Auchan group, is considering building a new shopping center in Romania using the Coresi Brasov model, which it opened in March following a EUR60 more

08.27.2015

The largest property owner on the local real estate market, NEPI, has bought Auchan Titan Shopping Center from Germany’s Aberdeen Asset Management in a EUR86 million deal. more

06.19.2015

The 16 shopping centers in Bucharest, among which Baneasa Shopping City, AFI Palace Cotroceni, Sun Plaza and Bucuresti Mall, generated more than 800 million lei (EUR178 million) in revenue last year, more

06.15.2015

The sale of the shopping centers in Romania is not a priority until 2018, but “everything has its price,” says Carlo Barban, the executive in charge of the Winmarkt shopping center business in more

05.11.2015

Shopping center Mega Mall, developed by South-African real estate investment fund NEPI (NEP.RO) and Austrian company Real4You, will be opened on May 14 and will be the main project of this type more

11.03.2014

Romanian businessman Dan Adamescu has sold a 3.6% stake in Unirea Shopping Center (SCDM.RO) to his stepson, Rani Palade, for RON2.2 million (EUR498,400). more

10.23.2014

The shopping center stock in Bucharest (malls, retail parks and shopping galleries) will reach one million square meter lettable area next year, sixteen years after the opening of the city’s first more

10.16.2014

South African-held commercial property company NEPI has become the largest owner of shopping centers in Romania and now owns about 350,000 square meters of lettable space, according to a ZF analysis. more

09.10.2014

Prodplast Imobiliare, controlled by businessman Florin Pogonaru, will invest EUR60 million, including own funds, to develop Veranda Shopping Center in Bucharest, for which it estimates annual rent more

09.09.2014

Unirea Shopping Center (SCDM.RO) had a turnover of RON37.16 million (EUR8.3 million) in the first half of the year, down 3% on the year, while its net profit halved, to RON1.94 million (EUR434,500). more

08.25.2014

The former shopping center Armonia in Braila, closed in 2009 after a EUR45 million investment and nine months in business due to poor sales, will most likely be turned into a production facility by an more

08.14.2014

Property firm Atrium European Real Estate said Thursday its net rental income from the Militari Shopping Center in Bucharest fell 12.3% to EUR3 million in the first six month, due to difficulties more

06.12.2014

Romania’s capital city is the most productive market for owners of shopping centers, followed by Cluj, Iasi, Constanta and Timisoara. more

06.10.2014

Shareholders of Unirea Shopping Center (SCDM.RO) decided to take a loan between EUR40 million and EUR45 million for investments in the two shopping centers it owns in Bucharest and Brasov, compared more

05.29.2014

Romania’s Unirea Shopping Center (SCDM.RO) Thursday said its net profit fell almost fivefold on the year in the first quarter, hurt by higher costs and a 2.6% decline in sales. more

05.05.2014

Romania’s Unirea Shopping Center (SCDM.RO) wants to take out a bank loan of up to EUR70 million for investments planned on the two shopping centers it holds in Bucharest and Brasov. more

02.19.2014

Bebe Tei, the first children’s products supermarket opened in Bucharest, has boasted higher-than-expected results since launch last April until present, says Dragos Vladu, one of its shareholders. more

01.27.2014

The largest ten shopping centers in Bucharest, which cumulate a lettable area of more than 500,000 square meters, attract almost 300,000 visitors and sell EUR3 million to EUR4 million worth a day, more

11.21.2013

South-African investment fund New Europe Property Investments (NEPI) will inaugurste a mall in Galati, southeastern Romania, Thursday expanding its local shopping center portfolio to 200,000 square more

11.13.2013

Romania’s Unirea Shopping Center (SCDM.RO) Monday said its net profit rose 47% on the year to 2.4 million lei (EUR0.53 million) in the first nine months of 2013, as costs declined faster than more

11.11.2013

Immochan, the real estate division of France’s Auchan, started construction works Monday in Brasov on its Coresi shopping center that will include 130 stores, 6,000 square meters of entertainment more

09.23.2013

The revamping of the Bucuresti Mall and Plaza Romania shopping centers in Bucharest will begin no later than next spring and end within two years to be ready in time for new competitors, says Razvan more

09.18.2013

The Adamescu family, which owns Astra Asigurari, Unirea Shopping Center, Rex and Intercontinental hotels and two office buildings in Bucharest, plans to invest EUR55 million in the next two and a half more

09.16.2013

South-African investment fund New Europe Property Investments (NEPI) has bought Severin Shopping Center, developed by Belgian group Bel Rom, and an adjacent plot of land of 2.3 hectares, law firm more