11.02.2012

Israeli-owned real estate developer Globe Trade Center (GTC) on Friday said it plans to sell to an international private investor three of the shopping malls it owns in Romania for an estimated 6-7 more

11.02.2012

Romanians spent 197 lei (EUR44) every time they shopped in a hypermarket last year. Hypermarkets remain consumers’ favorites when it comes to a high shopping volume, the so-called weekend shopping. 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

08.21.2012

Romanians paid 10.4 billion lei (almost EUR2.4 billion) worth of shopping by card in the first half, up 22% year-on-year. One fifth of this amount was spent in shops abroad, according to Romania’s 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

06.15.2012

Inditex, the largest player on the Romanian fashion market, with sales of around EUR150 million last year, will end 2012 with a network of at least 90 stores, 18 more than at the end of 2011 and 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

04.17.2012

Romanians are set to spend around EUR800 million in modern retail - hypermarkets, supermarkets and discount stores in April, 25% more than in a regular month, according to ZF calculations based on 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

01.06.2012

Baneasa Shopping City, the mall in northern Bucharest controlled by Romanian businessman Gabriel Popoviciu, collects some EUR1.5 million per month from rents out of 200 retail spaces, revenue used to 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

12.19.2011

The atmosphere is holiday-like in Bucharest malls in the last weekend before Christmas. The shopping center aisles are crowded, and so are the parking lots, where it takes about ten minutes to find a more

12.08.2011

Inditex, the largest player on the local fashion market, with overall turnover of around EUR100 million last year, ends the year with Friday’s opening of the Stradivarius store on the ground floor more

12.06.2011

Nearly 30% of Romanian internet users in urban areas have shopped online during the past year, and the bulk of online shoppers are aged 18-24, according to a survey by market research company GfK 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

Investors bet over EUR350 million on new malls and the expansion of existing projects this year. Openings also show in the ranking of cities by retail area per capita. 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