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Main developments on the Romanian real estate market in 2014

Real estate developers focused more on office projects in Romania this year, and less on retail and logistics projects.

Mega Image targets Billa acquisition

Mega Image, owned by Belgian group Delhaize, is currently looking into the possibility of acquiring the Billa network, according to several sources on the market quoted by zf.ro. A British investment fund is another player interested in the 80-unit network that posted a EUR 300 million turnover last year.

Mega Image buys land plot near Bucharest for a new distribution center

Mega Image has acquired a terrain in Stefanesti, near Bucharest, where it will build a new distribution and logistics center, according to information on the real estate market picked up by Mediafax.

China’s Huawei wants to reach over 1,000 employees in Romania

Chinese company Huawei wants to reach over 1,000 employees in Romania in the coming years, as the local market is one of the main development targets for the company.

Two more large retails in Romania sign purchasing cooperation agreement

The two large French retailers Carrefour and Cora / Supermarchés Match recently signed a purchasing cooperation agreement, a partnership which covers purchasing negotiations for national and international brands, food products and general merchandise, except for private label products, goods produced by SMEs and fresh produce from the agricultural sector.

European Funds Ministry relocates to Tower Center

European Funds Ministry will relocate in the office building Tower Center in Piata Victoriei, owned by the businessmen Ioannis Papalekas and Dragos Bilteanu.

Inflation in Romania exceeds EU average in November

Romania recorded an annual inflation rate of 1.3 per cent in November, higher than the EU average value of 1 per cent, according to data released by Eurostat.

Real estate transactions number 15 pct. increase in first 11 months

Real estate transactions number has increased with 15 pct. in the first 11 months compared to the similar period of last year, from 645,746 to 746,746 operations, according to the data of the National Agency of Cadastre and Real Estate Publicity.

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