Impact Developer & Contractor, one of the first players in the real estate market in Romania, anticipates an important advance within the coming years in terms of revenue which aims to grow up to 50 million euro annually, by 2018....more »

AFI Europe Romania rents out almost half of the leasable area in its new office building, AFI Park 3, to the British IT company, Endava. The contract was concluded for 40 percent (5000 m2) of the total area, being the first one AFI signed in 2014, a company release informs. This agreement includes the lease of four floors of this third office building part of the AFI Park project, as well as the possibility to extend to other areas, according to Endava’s development plan....more »

Commercial real estate volume in Central and Eastern Europe exceeded 10 million euro in 2013, resulting in an increase by some 31 percent over 2012, hence, the last year becoming the second strongest one since 2008, according to the latest data released by the global property advisor CBRE Group....more »

Swan Office & Technology Park office building has been put up for sale by its official receiver for a starting price of 42,7 million euro, according to Mediafax. The office complex located in Pipera-Tunari was developed by Swan Property which is controlled by investment fund Chayton Capital, insolvent since January 2013...more »

After paying almost 62 million euro for the Lakeview office building, which has been considered the biggest real estate transaction in 2013, the South-African Group has acquired City Park Constanta shopping center for 81 million euro, according to ZF....more »

Real estate developer Tagor starts a new residential project in Timisoara, the estimated value of the investment for the first stage being of 7.3 million euro. After two other similar projects, the new complex is designed to include over 1.200 flats and a 6.300 m2 park, though the initial stage supposes the finalization of only 10% of the total living spaces targeted – some 107 apartments, according to a company release – ‘Timisoara becomes the third residential project Tagor develops in Romania, as part of an investment plan worth 110 million euro.’...more »

South African investment group NEPI inaugurated its first shopping center in Galati after six months from having the construction permit for the project and seeks to extend its portfolio in the near future....more »

While others sell a 20 million euro worth shopping center, for 800 euro, AFI Europe continues to improve its financial indicators, increasing the value of its most important asset – AFI Palace Cotroceni, up to 375 million euro, a press release sent to Govnet informs....more »

Law firm Schoenherr provided its legal services to UNIQA Real Estate AG (member of UNIQA Group Austria), being the company’s legal adviser in the purchase of a Bucharest based office building. The developer of the project is RO Naturestein SRL and the transaction was settled last July....more »

Greater attractiveness, competitiveness, these are two of the most used words in connection to Romania when it comes to investments nowadays. However, they don’t have much relevance since the foreign direct investments, the segment where these indicators could possibly materialize, suffered a significant decline this year. So, if it would be to look for the best word describing Romania from this point of view, it will probably be potential....more »