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Immofinanz to bring two new retail brands on Romanian market

Sorin Vişoianu, country manager operations Immofinanz, says that this year the company will bring the brand VIVO! in the four malls in Romania and is looking for new spaces for a new retail concept, while focusing on Bucharest on the office segment.

Office projects make up 60 pct of Reynaers Aluminium business

Reynaers Aluminium Romania, active in the construction sector across Europe, stated that 60 percent of the products sold locally are absorbed by office projects.

Banca Transilvania to develop new headquarters in Cluj, an office building on 20,000 sq.m

Banca Transilvania (BT) plans to develop from scratch a new headquarters in Cluj, in an office building of nearly 20,000 sq. m, according to sources in the real estate market.

Large real estate complex near Bucharest to be liquidated by insolvency house

The insolvency house Euro Insol was appointed the judicial liquidator of the real estate complex Green City, located in the Ilfov county, near Bucharest.

Romanian government could terminate agreement with Plaza Centers for the construction of Casa Radio real estate project in Bucharest

Israeli company Elbit Imaging, main shareholder of Plaza Centers, has announced that its subsidiary, which had signed a partnership with the Romanian authorities, risked to Casa Radio project, on which it has already spent EUR 85 million, according to the companies.

Papalekas increased its real estate portfolio to nearly EUR 1 billion through the acquisitions in 2015

The real estate development company Globalworth, founded and leaded by Ioannis Papalekas, has increased with nearly 55 pct. its portfolio value compared to 2014, reaching an estimated value of more than EUR 930 million in the end of last year, according to the company report published on London Stock.

Anchor Grup launches a new building within InCity Residences

Anchor Grup has launched for sale a new building within the residential project InCity Residences in Bucharest, situatd in the proximity of București Mall, on Calea Dudești.

Romania sees 6.5% annual growth in the number of real estate deals

Romanians concluded almost 212,000 real estate deals in the first quarter of this year, 6.5% more than in the same period last year, according to the National Agency for Cadaster and Registration (ANCPI).

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