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Articles

Melisron mulls buying Africa Israel's Romanian properties

Africa Israel's main Romanian property is the NIS 1.9-billion (EUR 441 million) AFI Palace Cotroceni Mall.

Natixis and La Banque Postale in negotiations to merge AEW Europe and Ciloger

Natixis and La Banque Postale are negotiating the conditions of a merger of their real estate investment managers AEW Europe and Ciloger. AEW Europe owns in Romania the office building America House in Bucharest and the retail park Promenada in Târgu Mureş.

Impact Hub expands in Romania with new office in Cluj-Napoca

Impact Hub will open a second co-working space in Romania on March 1, in Cluj-Napoca.

EY Romania: 87 pct of Romanian companies to raise wages in 2016

In 2016, 87 percent of Romanian companies say they will raise wages but 44 percent of them do not estimate an increase of more than 5 percent, according to an EY Romania study. Moreover, 81 percent of the companies participating in the study said they will increase investments in 2016.

NEPI connects Promenada Mall in Bucharest to 30,000 sqm office building

South-African investment fund NEPI will develop a 30,000 sqm office building that will be connected to the shopping center Promenada Mall in the north of Bucharest.

CBRE: Industrial properties deals performed best among CEE in 2015 compared to other real estate sectors in Romania

2015 was a rich year for Romania’s industrial property, with three major transactions in this sector being among the top five largest in the CEE region, according to a report by CBRE, the property services company.

Construction sites for offices in four business poles in Bucharest to host 24,000 new employees

The area Floreasca-Barbu Văcărescu, where nearly 15 pct. of the Bucharest offices are currently gathered, is the largest “construction site” for office projects this year, while the most serious competition comes from the other end of Bucharest, on Timisoara Blvd, where AFI and Anchor group are developing nearly 80,000 sq. m of modern office spaces.

S Immo AG's Sun Plaza Shopping Center to undertake massive transformation

Six years after it opened its doors in the South of Bucharest, Sun Plaza Shopping Center is ready for a new challenge: a refurbishment process that will significantly improve the retail mix and shop count.

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