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Major changes in the top of the largest buildings owners in Romania

The leaders of the three commercial segments of the real estate market in Romania, emerged before 2009, seamed unbeatable after the crises came, but they were however dethroned in a record time, by investors which are hard to overtake.

Bucharest’s Promenada mall could expand with office floors and be directly linked to subway station

The shopping mall Promenada located in northern Bucharest could get a new eight-floor wing. Four floors will be destined for office buildings, whereas the rest will be part of the shopping mall, according to a new real estate project presented at the Bucharest City Hall’s Urbanism Committee.

Foreign direct investments increase by almost EUR 1 billion in Romania

The foreign direct investment inflows in Romania reached EUR 2.3 billion in the first eight months of the year, up by almost EUR 1 billion compared to the same period of last year, when the FDIs were EUR 1.4 billion.

Businessman Radu Dimofte buys a building downtown Bucharest

Romanian businessman bought for nearly EUR 1.4 million the TMUCB headquarters on Magheru Boulevard in Bucharest, through his company Grand Plaza Hotel, the administrator of the Sheraton hotel in Bucharest.

Largest mall owner in Romania gets Standard & Poor’s rating

South-African real estate developer NEPI, which manages total assets of EUR 1.7 billion, has received a preliminary credit rating of BBB- for long-term financing with a stable outlook from the ratings agency Standard & Poor’s.

Alpine headquarters in Mogoşoaia, on sale again for EUR 1 million

Casa de Insolvenţă Transilvania, the judicial administrator of the constructor Alpine SA, put on sale the Austrian company’s headquarters which is locally insolvent, for less than one million Euros.

EY: Romania’s GDP will increase by 3.5% this year

Romania’s GDP will grow by 3.5% this year, according to new estimations from financial consultancy group EY. The economy will further increase by 3.7% next year, due to the strong domestic demand and the improving exports net balance.

Craiova – A New Destination for Outsourcing Companies

With competition for talent on the rise in cities like Bucharest, Timisoara and Cluj, which were initial targets of this sector, other university centers such as Craiova increasingly come into the spotlight, a new study of CBRE reveals.
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