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NEPI postpones for Q3 the delivery of Victoriei Office project in downtown Bucharest

South-African investment fund NEPI, one of the largest players in the real estate local market, will complete its office project Victoriei Office in Q3, more than one year later than the initial estimations.

Construction works had 10.4 pct growth in 2015

Construction works in Romania registered a 10.4 percent increase (gross series) on the back of an advance of 31.8 percent in capital repairs, a 13.3 percent rise in maintenance and repairs and a 5.2 percent increase in new constructions, data from the National Institute for Statistics (INS) show.

DTZ Echinox recruited a former valuer from real estate consultant JLL

Dan Ivanov, former head of the valuation department within JLL was recruited by real estate consultant DTZ Echinox for its valuation department.

Building owners concerned with increasing energy efficiency of their properties

More than EUR 40 billion from EU funds will be allotted for decarbonisation projects and will be managed by each country’s authorities, in order to efficiently improve the energy efficiency in commercial real estate properties.

Romania’s economy grows by 3.7% in 2015

Romania’s gross domestic product (GDP) increased by 3.7% in 2015 compared to 2014, according to the first estimates released on Friday by the National Statistics Institute (INS). This is the highest growth rate for the local economy after 2008.

Vastint Romania has a permit for one million square metres built in Sisești

Genereal manager Vastint Romania, real estate division of Swedish group Inter IKEA, has declared that the Zone Urban Permit for the area Sisești, the most recent acquisition of the developer, allows the development for up to one million sq. m built area. c

The market for mergers and acquisitions in Romania went up at over three billion euro in 2015

The value of mergers and acquisitions signed last year in Romania increased up to 3.071 billion euro from 2.240 billion euro in 2014, this being the highest value recorded in the last six months, shows a study made by Emerging Markets Information Service (EMIS), a subsidiary of Euromoney.

Leroy Merlin opens second store in Cluj-Napoca

Leroy Merlin will open its second store in Cluj-Napoca, with a total surface of 12,000 square meters and offering 30,000 products on shelves, according to a company press release.

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