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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

According to the report published by CBRE Romania about local investment market in H1 2013, prime properties across the country continue to be attractive for international investors as well as the local ones.   "The most important inv...more »

Jones Lang LaSalle concluded a new leasing transaction, one of the largest deals signed in Romania in 2013 on the office market, a 11,124 m2 lease renewal and expansion of the American company Honeywell in Upground Offices. Upground Estate...more »