The industrial real estate market expanded the modern stock to 1.8 million sqm at the end of the first half of this year, more than half of these spaces being located in Bucharest, reads Agerpres which presents a DTZ study....more »

The French group has acquired a 12,000 sqm space in the ParkLake shopping center where will open a new hypermarket, becoming co-owner of the retail project developed by Sonae Sierra and Caelum Development, states a press release. The amount...more »

Construction works of the Veranda shopping center have started on the former platform of Prodplast factory located in Obor area. Requiring investment of 60 million euro, the project developed by Prodplast Imobiliare will have a gross leasable ar...more »

Flanco rented a 5,000 sqm unit in the H.Essers logistics center in Bucharest where will deposit over 1.6 million cubic meters of products annually. The new space will allow the IT&C, electronics and appliances retailer to supply its stores in maximum 24 hours, the company said according to Mediafax....more »

AFI Europe has concluded a financing agreement of 32 million euro with BCR for AFI Park 2 and 3 office buildings. Part of the loan, 17 million euro, is destined to investment in AFI Park 2, while the remaining amount of 15 million euro will be used for the development of AFI Park 3, reads a press release of the company....more »

Secure Property Development & Investment announces the acquisition of 122 flats in four residential compounds in Bucharest, the transaction coming to about 3.3 million euro, according to a press release of the property investment company. The acquisition follows another deal disclosed recently with respect to the acquisition of the EOS Business Park in Bucharest for 5.85 million euro....more »

The newest shopping mall in Bucharest, Vulcan Value Center, was open to the public on September 4 after the inauguration ceremony was held a day before.  The 25,000 sqm project was developed by the South African fund NEPI, one of the most dynamic real estate investor in Romania....more »

The property investment company today announced that it has entered into a binding agreement for the acquisition of the EOS Business Park in Bucharest in a transaction coming to 5.85 billion euro. The office building consists of nearly 3,400 leasable sqm and generates operating income of about 600,000 euro per year....more »

Romanian International Bank (RIB) is rebranding to Idea Bank following the recently closed transaction in which Polish bank Getin Holding took it over. The bank has also announced the relocation in Hermes Business Campus where leased 3,500 sqm for its new headquarter and the debt recovery division....more »

The domestic real estate market has seen a drop in terms of values of transactions in the second quarter of the year, falling to 66 million euro, following a major advance in Q1 when the combined value of such deals slightly exceeded 300 million euro, according to CBRE....more »