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Arthur Popa takes over as CEO of Baneasa Developments

Starting in January 2016, Arthur Popa will be the new CEO of Baneasa Developments, a company that owns Baneasa Shopping City and Grand Cinema & More. He will replace Georgios Argentopoulos who takes office in the board of directors of the company.

Immochan launches residential phase of Coresi Brasov

Immochan continues the third phase of its Brasov project, Coresi, a residential area with a potential for 3,000 apartments, spanning 46 hectares, company representatives inform.

Benţa family in Targu Mures has developed a nine-storey office building for E.ON

Benţa family in Targu Mures, which controls the manufacturer of paints and varnishes Daw Bent has completed an investment of 29 mil. Euro in an office building of nearly 23,000 square meters, a project where the energy group E.ON relocated its operations in the city.

Boiron drugmaker moved from Cotroceni to Popoviciu 's building in Dorobanţi

Boiron Romania, subsidiary of the French group which produces homeopathic medicines, gave up the office in the Cotroceni area in Bucharest for an office space of 450 square meters in Dorobanţi 239 building owned by Puiu Popoviciu.

Romanian properties bring 14 pct of Immofinanz income in first half of financial year

In the first half of the 2015/16 financial year, rental income from the Romanian properties of the Immofinanz group reached EUR 22.2 million, accounting for 13.9 percent of the developer’s total rental income. The numbers were stable, with the previous period registering EUR 22.5 million in income, group representatives inform.

Romanian real estate market sees positive development in 2015, says DTZ Echinox

Office, retail and industrial property projects all saw ascending trends during 2015, while yields compressed across the whole market, with logistic spaces seeing the best evolution, according to a study by DTZ Echinox.

German group Bosch opens its second service center in western Romania

Bosch Service Solutions, a global provider of business services that is part of German group Bosch, opened its second service center in Timisoara, western Romania, on December 14.

Romanian billionaire sells stake in Metro Cash&Carry

Romanian investor Ion Tiriac has sold its stake in the retailer Metro Cash&Carry Romania in mid-November.

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