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Construction permits number decrease in March

The construction permits for residential buildings has slightly decreased in March 2013 comparing to the same period of last year, to 3,049, but it is constant at the quarter level, with 6,873 permits, the National Institute for Statistics has announced recently.

A company associated with Puiu Popoviciu’name re-valuated its assets at EUR 9 million

Wellkept Imobiliare, a company controlled by a Cyprus registered firm and associated with the name of the businessman Gabriel (Puiu) Popoviciu, has recently valuated a series of assets, mostly apartments in central Bucharest at more than 40 million lei ( EUR 9 million).

RomReal to sell a part of its land portfolio

RomReal, the Norwegian-British real estate developer wants to sell a part of the 130 ha of land owned in several areas of Romania, in order to insure their cash flow.

IVG to target regional investments in Poland

According to the media reports, IVG could shift to Poland’s regional markets in the near-term, as an expiration date for its fund approaches.

EUR 120 million foreign capital increase for real estate in 1Q 2013

Foreign real estate investors have brought in the first three months more than EUR 120 million to the capital of the companies they own in Romania, a level that represents 7.5 times the amount brought in the same period of last year, EUR 16 million, according to ONRC (National Trade Registry).

Global shopping centre development grows 15%

An unprecedented 32 million square metres of shopping centre space is currently under construction across the world, representing a 15% increase year-on-year, according to the latest research from global property advisor CBRE.

TGM wins South Sofia Ring mall mandate

Hungarian-based TriGranit Management Corporation revealed that it‘s won the full property management mandate for South Sofia Ring Mall in a tender that it says featured serious competition.

Carpatcement sales decreased 7% in 2012

The construction materials producer Carpatcement, the local branch of the German group HeidelbergCement, reported a turnover of EUR 195 million for 2012, 7% lower than in 2011.

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