Real estate
November 05, 2013 12:44
Real estate investments went down more than 50% in Romania within the first nine months this year. Thus, after the third quarter in 2013, the total investments in the real estate sector amount EUR84 million, whereas after the same period last year, the figures indicated EUR172 million according to a CBRE report, Agerpres  informs....more »
November 04, 2013 17:03
Based on the slogan launched last year – ’more than office‘, the real estate group Immofinanz starts the brand image campaign, ‘Even Clark Kent prefers to stay at the office‘. Having Warner Bros. Consumer Products Germania as partner, Immofinanz aims to identify with one of the most popular superheroes ever, the DC Comics character, Superman and his civil identity, Clark Kent shows a company release....more »
October 25, 2013 17:49
Some of the shopping malls in Romania and especially in Bucharest have already understood that in order to succeed, retain their customers and attract new visitors they should stand out of the crowd and come with something fresh, different, innovative.  However, the majority still follows the same standard recipe – shopping area, food-court, cinema -, despite the ongoing changes in customers’ needs....more »
October 24, 2013 14:13
Whether or not Bucharest can sustain a growth in the shopping centers market is a question pretty difficult to answer, despite it may not seem so. Being one of the most discussed issues it couldn’t have missed from The New Age of Retail Real Estate Forum 2013 agenda, the event Govnet Conferences organized yesterday....more »
October 17, 2013 14:45
Ibiza Sol follows Citadella Titan model, another real-estate project on sale upon becoming insolvent in 2012. The reorganization plan approved by its creditors provides either the sale of the whole project or the separate sale of the housing units, procedure meant to recover around EUR33 million. However, the creditor banks Alpha Bank and Raiffeisen Bank could take over the project themselves....more »
October 08, 2013 16:57
South area of Ilfov county continues to be the most attractive area to local real-estate investors, considering the land's price, which is low, the infrastructure of public transportation and the easy-access roads. ...more »
October 02, 2013 18:35
BRC Business Group, the project's developer is ready to sell Citadella Titan for EUR6.85 million, without VAT as per its reorganizing plan already approved, according to Euro Insol - BRC's administrator upon becoming insolvent at the beginning of 2012. An alternative stipulated by this plan is to proceed with selling each of the housing units apart, which would bring the group more than EUR10 million, excluding VAT....more »
September 20, 2013 10:00
Romania registered the largest increase in production in the construction sector in Eu in July 2013 on June 2013. EUROSTAT reports an increase of 8,6% in Romania, while in EU there was an increase of only 0,7% and of 0,3% in euro area.Among the EU Member States, production in construction rose in nine, fell four and remained stable in The Netherlands...more »
September 18, 2013 16:35
With a planned rentable area of over 70,000 sqm, the Mega Mall project in Bucharest is set to start construction this year under a new shareholder structure. South-African real estate investment fund NEPI has acquired 70 percent of the shares in the project from a German firm specialized in developing retail projects.  The anchors of the project are for the moment Carrefour , C&A and  H&M....more »
September 11, 2013 16:36
Real estate consulting firm CBRE Romania announced it's entrance on the property management market with the first project, Sun Plaza Shopping Center  owned by Austrian company S Immo.  department.The group manages 55 shopping centers in CEE and CBRE’s property management division manages about 1.7 million square meters in over 200 properties in six countries in Central and Eastern Europe. Sun Plaza is the second largest project developed by S Immo. It was opened in 2010 and hosts over 130 stores....more »
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