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OTP is looking for solutions to consolidate its offices next year

OTP Bank, the local branch of the largest Hungarian financial group, intends to consolidate starting next year its current central departments offices activity, but is not keen to relocate in a sole building. Currently, the bank has five central offices.

Most expensive Bucharest villas available for rent costs exceeding EUR 20,000/month

The average rent for a villa in Bucharest surpasses EUR 20,000 per month while outside the capital the level does not go beyond EUR 5,000/month, according to data from real estate online platform Imobiliare.ro. The ranking includes both historical properties and more recently build villas.

Developers of Lotus Center Oradea invest EUR 60 mln in new real estate project

The developer of the Lotus Center Oradea shopping center will invest EUR 60 million in a mixed-use real estate project to be built in the western Romanian city, the company has announced.

Study: 90 pct. of the companies to choose open-space offices

According to Techno Office, one of the main local office solutions suppliers in Romania, the open-space offices are dominant in the projects on the local market, the only companies still choosing a classic partition being the law houses and notary offices, together with the state institutions.

Carrefour Romania opens its first hypermarket in Timisoara

Local retailer Carrefour Romania opened on November 25 its first hypermarket in Timisoara, western Romania, within the Shopping City Timisoara mall, recently finished by NEPI.

Impact gets 51 million lei loans for the development of the Cartierul Salcâmilor project in Northern Bucharest

Real estate developer Im­pact Developer & Contractor (IMP), controlled by the businessman Gheorghe Iaciu, announced on the stock exchange that the company got a mortgage loan for real estate investments of 29.2 million lei from Libra Internet Bank in order to finance the construction of the residential district Cartierul Salcâmilor, second phase of the Greenfield project, situated in Northern Bucharest.

BCR Real Estate Management covers loss by reducing capital

BCR Real Estate Management, a subsidiary of the Romanian Commercial Bank (BCR), the largest local bank, will diminish its social capital with 118.34 million lei, to 42.84 million lei, in order to cover the loss registered in the beginning of this year.

Nusco makes first step in a new residential project on Pantelimon Road in Bucharest

Italian group Nusco, with business in real estate and in doors and windows industry, received the construction permit for a residential complex situated on Pantelimon road in Bucharest, which will be named Pantelimon Residential Park.

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