07.09.2013

Bucharest’s shopping centers Sun Plaza, Plaza Mall and Cocor registered aggregate loss of EUR27.5 million last year, higher than the combined profit of Baneasa Shopping City, Cotroceni Park, Unirea more

06.14.2013

The Bucharest Court admitted Thursday an insolvency request filed by Bel Rom Sapte, the firm through which Belgian group BelRom developed a shopping park in Foscani, eastern Romania. more

06.07.2013

Shopping center Cocor in central Bucharest, which in 2010 sought to establish itself as a luxury shopping destination after an almost EUR25 million renovation, is now looking to reposition itself as a more

05.30.2013

Romania’s Unirea Shopping Center (SCDM.RO) registered turnover of 19.9 million lei (EUR4.6 million) in the first quarter of 2013, slightly down on the year, while its profit climbed 3.6 times to more

04.29.2013

Romania’s Unirea Shopping Center (SCDM.RO) registered 5.4% higher turnover to 82.8 million lei (EUR18.6 million) and 66% higher profit to RON5.8 million on the year in 2012. more

03.13.2013

Property firm Atrium European Real Estate on Wednesday said its net rental income from retail park Militari Shopping Center in Bucharest declined 2% to EUR6.4 million on the year in 2012, due to more

03.12.2013

Israeli-held real estate developer GTC bought a minority shareholder out of three Galleria malls for EUR1. more

01.15.2013

Shopping center developer AFI Europe said Tuesday it obtained financing of over EUR30 million from Raiffeisen Bank International Group to complete a shopping center project in Ploiesti, southern more

01.04.2013

Shopping center Grand Arena in southern Bucharest went insolvent at the end of last year as a result of the petitions of three construction companies. “We don’t owe a single leu,” say the owners more

12.07.2012

Echo Investment, controlled by billionaire Michal Solowow, the third richest man in Poland, has announced the start of works on the EUR100-million Korona Brasov mall, for which it bought land in the more

12.06.2012

Unirea Shopping Center in Bucharest will be connected to the most transited subway station of the city via an underground shopping gallery. more

11.27.2012

Romania’s Unirea Shopping Center (SCDM.RO) on Tuesday said its turnover rose 9% to 61.6 million lei (EUR13.9 million) and its profit surged 60% to RON1.6 million (EUR365,000) on the year in the more

11.26.2012

The malls own by Romanian businessman Iulian Dascalu recorded a cumulated turnover of almost EUR40 million in the first nine months of the year. more

10.15.2012

Italian company Immobiliare Grande Distribuzione (IGD) will invest EUR12 million in modernizing the 15 Winmarkt shopping centers it owns in Romania, and plans to sell one of them and an office tower more

09.25.2012

Only one mall is expected to open on the local market by yearend, the Ploiesti Shopping City, an investment of EUR65 million. more

09.18.2012

Polish real estate developer Echo Investment said Tuesday it will soon start the construction of shopping center Korona in Brasov, central Romania. more

08.23.2012

Romania’s Unirea Shopping Center (SCDM.RO) ended the fist half of 2012 with sales of 41.4 million lei (EUR9.2 million), up 10% on the year, while its profit dropped 32%, to RON1.8 million. more

07.31.2012

The sales of stores in shopping center AFI Palace Cotroceni in Bucharest, owned by AFI Europe, rose by 9% in the first half to EUR91 million. Calculated in lei, the sales of the mall went up by 14% in more

06.13.2012

Four years ago, when the old Cocor store closed for an extensive upgrade program, it was over 90% rented and the average rent stood at EUR47 per square meter. Cocor Bucuresti (COCR.RO), which owns the more

06.06.2012

Romania’s Unirea Shopping Center (SCDM.RO) ended the first quarter of 2012 with sales of 20.46 million lei (EUR4.7 million), up 11.8% on the year, and profit of RON809,000, down 73.7%. more

05.31.2012

Romanian realty developer Iulius Group, owned by businessman Iulian Dascalu, will open Thursday multifunctional commercial compound Palas Iasi, following an investment of EUR265 million financed by more

04.27.2012

At the entrance to Unirea shopping center next to McDonald’s, one of the most popular meeting places for young people in Bucharest, customers continue to flock 5-10 minutes before 10 AM, waiting for more

04.20.2012

Romania’s Unirea Shopping Center (SCDM.RO) Friday said its net profit dropped 41.7% to 3.49 million lei (EUR0.79 million) in 2011, hit by the lingering effects of the global financial crisis. more

04.18.2012

Shopping center developers continue investments in Bucharest, with intensive work recorded on three of the city’s construction sites, where cumulated investments are worth around EUR150 million. more

03.06.2012

Liberty Center, a shopping center in southern Bucharest, lost several tenants early this year, such as Marks & Spencer, Forever 18 and a Burger King restaurant that was closed. more