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Romania’s M&A market shrinks 50 pct to USD 1.1 bln in H1 2016

The Romania market for mergers and acquisitions (M&A) has fallen by almost 50 percent to USD 1.1 billion in the first half of 2016, as opposed to USD 2.1 billion in the first half of 2015, according to the EY’s M&A Barometer.

Belgian Yves Weerts kicks off construction of EUR 33 mln Unirii View office building

Belgian real estate investor Yves Weerts has started works on an 18,000 sqm office building called Unirii View near Unirii Square in Bucharest. The project requires an investment of EUR 33 million and is scheduled for completion in the second quarter of 2018.

Luca Prest invests EUR 7.5 mln in a residential complex in Cluj Napoca

Luca Prest, one of the constructions players from Romania, has started the development of the residential complex Grand Hill Residence in Cluj Napoca, the total investments being EUR 7.5 million. It will placed in Buna ziua district and will comprise 148 apartments in a building with 10 floors.

British Romanian Investment Partnership to build New Residence Bucharest

British Romanian Investment Partnership is to build New Residence Bucharest, the second residential project developed in Romania following EUR 10 million investment.

CBRE: Nearly 139,000 sqm offices to be delivered in Bucharest by the end of the year

Nearly 139,000 sqm A class office spaces will be delivered in Bucharest by the end of this year, within eight real estate projects, according to CBRE.

A fifth of Romania’s total turnover, connected to offshore companies

Almost 20% of the Romanian economy carries out businesses via offshore companies, according to an analysis by financial consultancy firm KeysFin.

Street-food restaurant Stradale to open in Oregon Park

The restaurant Stradale, developed under the street food and live cooking concepts, will be launched within the office complex Oregon Park at the beginning of November.

IMMOFINANZ brings shopping center brand VIVO! to Romania

IMMOFINANZ, one of the real estate investors in Romania, introduces its retail brand VIVO! to the local market and starts the rebranding process for its four existing shopping centres.

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