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Articles

Esop: A and B Class Office Rents in Western Bucharest Closer to Downtown Rents

The differentiated office spaces volume, more consistent in the Central-Northern Bucharest and more limited in Centre-Western Bucharest, has generated in the beginning of this year a significant proximity of the rents in the two zones, which became comparable, according to Esop Consulting.

Immochan Romania wants to open Coresi Brasov in March 2015

The EUR 60 million first phase of the Coresi Brasov real estate project will be delivered in the first quarter of 2015, probably March, said Tatian Diaconu, general director of Immochan Romania, the project’s developer, in a press conference today.

GREET VIENNA 2014: High-profile keynote speakers plus two additional elements: `healthvienna` and `Lounge-Talks`

GREET or “Global Real Estate and Economy Talks“, international platform for commercial real estate and investments in Central, Eastern and South-eastern Europe, is now into its second round to be held on 19 and 20 May, 2014 at Palais Niederösterreich in Vienna. Along with the new programme item “finvienna“ the conference will offer additional elements “healthvienna“ and ”Lounge-Talks“.

The Sons of EnergoBit Founder Took Over Insolvent Residential Project in Cluj for EUR 1.5 million

The company Adalgo Mirus in Cluj, controlled by the brothers Sorin and Raul Gadola, the sons of Ştefan Gadola, one of the founders of EnergoBit group of comapnies, bought last year for EUR 1.5 million a building in construction and several plots of land within Mao Life Residence project in Cluj, in insolvency.

Modifications for Casa Radio project, on hold since 2009

Plaza Centers intends to modify several terms of the public-private partnership concluded with the Romanian state for the real estate project Casa Radio, which involves also a residential area, a component not included though in the Zone Urban Plan already obtained.

Lidl Buys Former Poiana Plant Of Brasov

German-held retailer Lidl acquired the former sweets plant of Brasov owned by Mondelez Romania, the producer of Poiana chocolate, but plans to sell part of the land plot for the construction of a hotel.

Foreign investments up 8 pct in January

Romanian foreign direct investment, or FDI, rose 8% on the year to 244 million euro in January, the central bank (BNR) said Monday.

Retail Projects Investments In Romania, Less Than 1 % From The European Total

The investment volume in retail sector in Romania represents less than 1% of the total volume registered in Europe in 2013.

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