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 »

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 »