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 »

In a real estate market facing a decline lately, where investors moved their businesses away and the remaining ones struggle to keep afloat, AFI Europe succeeded to fully lease its office building, AFI Park 2 to Electronic Arts. This is AFI’s biggest and most important lease in Romania this year, moreover since the building is still under construction....more »

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 »

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 »

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 »