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Iulius Mall invests EUR 3.5 mln into ‘new look’

Last year, the Iulius Management Center company invested over EUR 3.5 million for the redeveloping of specific areas within Iulius Mall Timisoara, according to company representatives. The works were carried out in parallel with those for the Openville urban ensemble that is located in its immediate vicinity and were recently completed.

Radu Dimofte to sell part of the shares of a plot in Bucharest’s Kiseleff Road with EUR 4.5 million

Local businessman Radu Dimofte is selling part of the property right over a plot of land situated in 39 Kiseleff Road in Bucharest for EUR 4.5 million, plot owned by the company Wellkept Group. The land was previously occupied by a controversial historical villa demolished in 2010.

European Funds Ministry in Romania to relocate from Tower Centre International to the Parliament Building

European Funds Ministry will relocate from Tower Centre International building in Victoriei Square from Bucharest, owned by the businessman Ioannis Papalekas, as its lease agreement expired in the end of last year. The new headquarters of the institution will be the Parliament Building in Bucharest.

French IT group increases Romanian team by 500 people

French group Atos, a provider of IT solutions, will increase its local team by 500 people this year. It will thus reach over 2,000 employees in Romania.

American company TiVo plans to double its engineering center in Iasi, Romania

American company TiVo, a leading provider of advanced television entertainment, plans to double its engineering center in Iasi, eastern Romania.

Spanish group Hercesa resumes its residential investments in Bucharest

Spanish group Hercesa began the construction work of a new building within the Vivenda Residencias residential compound in eastern Bucharest, in the Titan area.

Investors could buy in Bucharest cheapest offices in Europe

The office market in Bucharest is the cheapest in Europe, according to a study made by the real estate consultant Knight Frank in 20 European cities, considering the office area 100 million dollars could buy.

Romanian property yields keep above CEE levels in 2015, show promises for 2016, Colliers International says

While in 2016 CEE property yields stood at 6 percent for office, 4 percent for retail and 6 percent for industrial, Romania kept a competitive edge at 7.5 percent for office and retail and 9 percent for industrial property, according to Colliers International’s 2015 Global Investment Outlook study.

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