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Articles

Era Shopping Oradea retail entered insolvency

Omilos Oradea, a company which portfolio includes Era Shopping Park in Oradea, entered insolvency, as Bucharest court accepted its request.

Adama invests EUR 14.1 mln in 210 new apartments in Bucharest

Real estate developer Adama has completed the second development phase of its Edenia Titan residential project in Bucharest which consists of 126 apartments. Another 84 apartments were recently completed in Evocasa Optima, another residential project the company is developing in the capital’s Titan neighborhood.

AmCham: US investments in Romania worth USD 20 bln

The total volume of investments made by companies members of the American Chamber of Commerce in Romania – AmCham – reached USD 20bln, more than 200,000 jobs being created, shows an impact study yesterday presented by the representatives of the AmCham, Agerpres reports.

NEPI attracted EUR 50 M for three potential investments

The South-African fund New Europe Property Investments (NEPI), one of the most active investors on the Romanian real estate market, attracted approx. EUR 50 M through a capital increase operation, for three potential acquisitions that include a commercial centre in Romania.

EUR 800,000 investments for Novo Park this year

Genesis Development, the company controlled by the businessman Liviu Tudor, has invested this year EUR 800,000 in Novo Park office park in Northern Bucharest.

FSA Relocates to Former EximBank Headquarters in December

The Financial Supervisory Authority (FSA) will move starting December 9th in the former headquarters of the State bank EximBank on Splaiul Independenţei in Bucharest, a date when the relocation process of the three sectors of the institution is estimated to be completed.

AEW Europe appoints Raphael Brault as Head of Separate Accounts and Funds in Paris

AEW Europe recently announced the appointment of Raphael Brault to the role of Head of Separate Accounts and Funds. Raphael will be based in the firm's Paris office and will report to Rob Wilkinson, Chief Investment Officer. Raphael will be a member of the firm’s Investment and Executive committees. In this role Raphael will be responsible for the strategic direction and oversight of the firm's separate account mandates and funds managed from the Paris office.

Pullman Hotel, put on sale in January, for EUR 20 M

The Pullman Hotel of Bucharest (formerly Sofitel) will be put on sale in January for EUR 20 M, in order to partly cover the debts of World Trade Center Bucharest (WTCB), the insolvent company that controls the hotel, sources close to the situation told Mediafax.
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