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Articles

New AdePlast factories increased with over 30% the company’s turnover for the first term

Construction materials producer AdePlast, controlled by the businessman Marcel Bărbuţ, has registered in the first term a turnover of approx. 100 million lei (22.2 million euro), with 31% growth compared to the same period of last year.

Consuming crises effects over Romanian malls

Eleven commercial centres whose construction was completed ended in insolvency or stopped their activity, while another ten mall projects were blocked after the beginning of the works and investments of millions euros, not to mention the land costs.

Hong Kong investment fund took over Silver Mountain project in Poiana Braşov

Silver Mountain project currently includes approx. 200 apartments, a multifunctional area with a restaurant, conference halls, club, fitness hall, spa and pool.

Romania, in top 10 destinations for logistic activities

Romania is the only country in CEE included in a top of the ten most attractive destinations for logistic activities dominated by countries from the Western Europe this year, but also in 2018, a top made by the industrial and logistic park developer, Prologis.

Best performances for real estate brokers in 2012

Most of the companies in real estate consultancy field had registered decreases of their turnover in 2012, compared to 2011, according to the balance sheets from the Ministry of Finance. Horatiu Florescu’s company had the best evolution in 2012 by far. Coldwell Banker and Colliers remain the first two players on the market, while DTZ and CBRE fell from the top.

Iorgu, CBRE Romania: Office projects in Romania become as attractive as in Czech Republic and Poland

Investors interest for projects acquisition on the Romanian market will emphasize in the next period, especially in 2014, as the financing becomes more accessible and as the offices in Romania become as attractive as in Czech Republic and Poland, said Razvan Iorgu, head of CBRE Romania.

Italian investor to develop EUR 25 million residential in Timisoara

Real estate developer Borgo Italiano started the construction of a luxury residential complex in Timisoara, with 87 villas, duplex and row houses, an investment of EUR 25 million, sustained by its own funds.

Lujerul bread factory in Bucharest could close and sell assets

Lujerul bread factory could close on 1st of August, after loss registered in the first five motnhs of the year and its 3.6 ha land could sell if the proposal of the Board of directors is approved by the company’s shareholders.

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