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Arab billionaire interested in Romania’s real estate market

Real estate development company Impact Developer & Contractor, in which businessman Gheorghe Iaciu holds a 49% stake, is currently in talks for a possible partnership with DAMAC Properties, the company responsible for developing about a third of the residential towers in Dubai.

Romania registers largest drop in construction work in the EU

Romania registered the largest decrease in construction work among the EU member states in October, compared to September 2014, according to data from Eurostat.

JLL: Bucharest ranks 30th in the top European retail destinations

Bucharest ranks 30th among the most attractive 57 cities in Europe in terms of the interest of international retailers for expansion, after Budapest and Warsaw, and 25th as regards luxury brands, according to a cross-border retailer index compiled by global real estate adviser JLL.

Hercesa sold nearly 13,000 sq. m of land in Carrefour Orhideea area

Spanish real estate developer Hercesa concluded the selling transaction of a land of 12,700 sq. m to a buying vehicle owned by the real estate development company Primavera Development and Forte Partners.

Mega Image rebrands & reopens Angst units; nears 400-store network

Mega Image announced on Wednesday it reopened, under its own brand, 18 Angst store it acquired from the meat-by product producer earlier in the year.

Auchan acquires EUR 20 mln shopping center in Pitesti from Rolast

Real-estate rental specialists Rolast have sold a shopping center in Pitesti to Auchan Romania for EUR 20 million.

Luxury properties transactions up by 12% in Romania

Transactions of luxury residential properties in Bucharest went up by 12% in 2014, encouraging developers to start large-scale projects on this segment, according to real estate agency Nordis, which has a portfolio of 2,500 properties in central and downtown Bucharest.

AEW Europe acquires, on behalf of an institutional client, Maximiliansplatz 13 in Munich - Germany

AEW Europe announced the acquisition, on behalf of one of its clients, of the MAX 13 office building in Maximiliansplatz, Munich.

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