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Articles

Bucharest’s AFI Palace Cotroceni increases income by 6.5 pct in 2013

The AFI Palace Cotroceni shopping mall in Bucharest increased its net operating income by 6.5 percent in 2013, above the initial target, to a total of EUR 28.7 million, announced today representatives of AFI Europe Romania, the project’s developer and property manager.

3 Trends in Office Fit Out

The office is not anymore just a space where the employees are sitting in front of their computer 8 hours a day, as the collaborative work environment became more and more important for the local offices of the corporations.

Băneasa Shopping City attracts new tenant, Polish cosmetics manufacturer Inglot

Polish cosmetics manufacturer Inglot opens its first Romanian store in Băneasa Shopping City, the banner with the name of the brand being already displayed at the entry in the premises.

19th Century Building Restored with EUR 1.5 million, New Premises of Noblesse Galleries

The luxury interior design company Noblesse Galleries will soon relocate to new premises, a building built in 1881, where the showroom, art and events centre will be included.

Heineken Sold Griviţa Beer Factory to Real Estate Investors

Dutch group Heineken, the owner of four functional beer factories on the local market, sold the land and the constructions of the former Griviţa factory, situated near the Basarab passage in Bucharest to a real estate investors group in a transaction evaluated at EUR 10-15 million.

AEW Europe appoints Rob Wilkinson as Chief Executive

AEW Europe announces today that Rob Wilkinson has succeeded Christian Delaire as Chief Executive Officer. Rob joined the firm in 2009 as Managing Director, Head of European Fund Management and Separate Accounts and was subsequently promoted to Chief Investment Officer in 2011.

Strabag business 13 pct. down, to EUR 322 million

„The construction market will be better this year compared to 2013.“

Former factory Prefa Brasov’s land, up for auction starting EUR 14.7 million

The plot of land where the American Jonathan Mann intended to develop 10,000 apartments in Brasov is put for sale by the judicial liquidator, RVA Insolvency, for EUR 17.4 million, excluding of VAT, following the bankruptcy of the company which intended to develop the project.

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