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Articles

Competition Council approves Billa acquisition by Carrefour Romania

Carrefour Romania received on June 29 the approval of the Competition Council regarding the acquisition of the local network of Billa.

Ionuţ Dumitrescu to develop 15,000 sq. m retail project in Bistriţa

Local businessman Ionuţ Dumitrescu, a name related to the real estate consultancy company Eurisko, is investing in a retail park in Bistriţa, with 15,000 sq. m rentable area, out of which 6,000 sq. m were already occupied by a food store.

DTZ Echinox: 1 mln buildings constructed in Romania after 1989

Out of the stock of 8.9 million buildings from Romania, 1 million units were constructed after 1989, the North-East region being in the top of deliveries across the country.

The companies estimate a growth until September

In short term economic study issued by the National institute of Statistics, the company managers in all economic sectors estimate a growth of the activity until September. Concerning the number of employees, the companies in the constructions and services fields estimate the increase of the number of employees, while the industry is stationary.

Gijs Klomp: Sunt multi investitori din Europa si SUA care se uita la Romania

Romania is a market with increasing attractiveness for the foreign investors, as the experiences of other large players in the market were already positive. The market effervescence, the growing number of developers, as well as the big names entering the market in latest years, make Romania the ideal place for real estate investments, pundits believe.

NEPI to acquire Shopping City Sibiu from the Argo Group

NEPI has concluded an agreement to acquire Shopping City Sibiu, in Romania, from the Argo Group. The shopping centre currently has a Gross Lettable Area (“GLA”) of 79,100m2.

30% of Oregon Park area is dedicated to landscape

Oregon Park, the newest office development by Portland Trust in Bucharest, will be significantly dedicated to landscaping and open space. The green space represents 30% of the total area of the 4 hectare site and will consist of grassed areas with seating, indigenous trees, all year shrubs and flowering plants.

JLL: Property investments in Romania to be put on hold in case of Brexit

Property investors will postpone their decisions to invest in Romania in case of Brexit until the outlook stabilizes, a local real estate consultant told SeeNews.

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