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Articles

Industrial leasing activity up 82 pct in 2013 in Romania

Over 250,000 sqm of industrial space were leased in 2013, up 82 percent compared to the previous year but 3 percent below 2011 levels, according to CBRE Romania. Most of this (58 percent) was leased in Bucharest while the remaining 42 percent concentrated in major cities like Timisoara, Arad, Iasi, Brasov and Ploiesti.

Impact asks for 80 million lei from shareholders to finance projects

The Administration council of Impact Developer & Contractor (IMP) is proposing its shareholders a capital increase of 80 million lei, to 277.8 million lei, through cash contribution, in order to finance the real estate developer’s projects.

First CE anti-corruption report published: Romania’s reforms are unstable

The recently published EU Anti-Corruption Report explains the situation in each Member State: what anti-corruption measures are in place, which ones are working well, what could be improved and how.

New pro-business measures: The State will cover half of salary expenses for job creators

The State will offer to pay for half of the total value of salary expenses for firms that create a minimum of 20 new workplaces, according to MEDIAFAX.

Sonae Sierra appoints new leasing manager for Romania

Portuguese shopping center developer and owner Sonae Sierra has appointed Monica Alexandru as its new leasing manager for Romania. She will coordinate the leasing activities of the local shopping centers managed by Sonae Sierra including that of the ParkLake shopping center which is being developed in Bucharest.

EUR 5 million turnover in 2013 for insolvent complex Ibiza Sol

Residential complex Ibiza Sol in Pipera, in insolvency since 2011, had in 2013 total revenues of 4,897,923 Euros.

Novo Park and West Gate produce €33m in revenues in 2013

Liviu Tudor, owner of the office complex West Gate and Novo Park amassed revenues of €33m in 2013.

Neocity: We are looking for new investment opportunities in Romania

Israeli group Neocity sold to NEPI (New Europe Property Investors) the City Park Mall in Constanta, in a transaction of EUR 81 million, completed in the end of last year. Being at its second exit in Romania, the company is looking for new opportunities to invest on the local market.

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