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Leroy Merlin opens new store near Bucharest

French DIY retailer Leroy Merlin opened on Friday, in Bragadiru, near Bucharest, the fifth store under its own brand, and will launch in the coming period another unit in Brasov, the company said according to Mediafax.

Kaufland pays EUR 2 million for plot in Bucharest

Turkish investor Ahmet Buyukhanli, the owner of Opus Land Development, has signed an agreement for the sale of a plot in northern Bucharest to German retailer Kaufland. The price tag is of over EUR 2 million, reports local Capital.ro.

Romania’s economy grows 4.3% in Q1

Romania’s GDP amounted to some EUR 31.3 billion in the first quarter of this year, up 4.3% over the same period last year.

Portland Trust signed with Oracle for office building in Bucharest

American giant Oracle will rent over 20,000 sq. m in the office project Oregon Park in Northern Bucharest, investment of the group Portland Trust, headed by the British Robert Neale, have declared for ZF sources in the market.

Investments in Romanian economy up 8.5 pct in Q1

Net investments in national economy increased by 8.5 percent in the first quarter compared to the same period last year, to RON 11.93 billion (EUR 2.69 billion), announced on Thursday the National Statistics Institute (INS).

A new Cinema City completed by Optim Project Management

OPTIM PM attended the opening ceremony of Cinema City in Mega Mall Bucuresti. The new cinema covers approximately 4,500 GBA square meters, offering 2,366 seats comprised in 14 halls, out of which one is equipped with the newest 4DX technology, the first one in Romania.

John Frederiksen, president European Property Federation: Romania becomes new Poland in the region

John Frederiksen, the president of the European Property Federation and the president of the Association of the Buildings Owners in Denmark told wall-street.ro in an interview how is perceived the attractiveness of Romania compared to other countries in the region, which are the main trends in real estate as well as the challenges for the European real estate owners.

We have signs that large funds are considering Romania for investments

The real estate market is a market which is waking up, is looking for its benchmarks and where precise transactions are taking place, said Francisc Peli, managing partner of PeliFilip law firm, during ZF Live.

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