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Carrefour Romania to move headquarters to Green Court Bucharest

Project development and construction group Skanska signed a rent agreement with French retailer Carrefour Romania, for an area of 6,850 sqm in the second building of Green Court Bucharest. The new contract brings the B building an occupancy rate of 61.2 percent.

Radu Dimofte invested EUR 2.5 million in office building downtown Bucharest

The company Wellkept Imobiliare, controlled by the businessman Radu Dimofte, completed the construction of an office building of five stories on Nicolae Balcescu Blvd. downtown Bucharest, across the road from Dalles Hall, an investment of EUR 2.5 million, 50 pct rented.

Cypriots to buy EUR 8 mln assets in Romania, Bulgaria, Greece

Cyprus-based real estate investment company Secure Property Development & Investment (SPDI) attracted EUR 8 million through a public offering of shares, which it will use to buy assets in Romania, Bulgaria or Greece.

Romanian Tiriac Imobiliare buys out partner Riofisa in two retail centers

Real estate group Tiriac Imobiliare has bought the shares owned by Spanish group Riofisa in the two retail centers the two companies are developing under partnership in Brasov and Timisoara, reports local Ziarul Financiar.

Romanian firms up turnovers, productivity, staff with EBRD money

Three quarters of the Romanian small and medium companies (SMEs) which received consultancy from the European Bank for Reconstruction and Development (EBRD) increased their turnovers.

Bucharest retail center sees 9.5% revenue drop

The Bucharest-based retail center Militari Shopping Center recorded last year a 9.5% drop in revenues, down to EUR 5.8 million.

NEPI starts works on Timisoara mall

South African investment fund NEPI (New Europe Property Investments), one of the largest real estate investors on the local market, started works on a new mall in South Timisoara.

AFI Palace Cotroceni posts EUR 30 mln operating income in 2014

AFI Palace Cotroceni shopping mall in Bucharest, AFI Properties’ largest and most important asset, ended 2014 with a total income of EUR 37.5 million out of which approximately EUR 30 million is the net operating income, which is up 4 percent against 2013.

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