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Articles

First Cora mall in Romania to be opened on 25th of July

French Cora inaugurates on the 25th of July the commercial centre in Constanta, anchored by the 11th hypermarket of the company on the local market. The investment reached EUR 58 million.

NEPI and Volksbank AG, sued by the British owners of Sibiu Shopping City

The most active real estate investors on the Romanian market and Volksbank AG are sued by a competitor for illegal use and publishing of confidential information and for unfair competition.

Rockefeller could start by the end of the year the big project in Turda

Spain’s Graells & Llonch are close to sign the first contract for the industrial park in Turda, which means starting the works for the first warehouse by the end of this year.

Former Connex and Generali headquarters become IBM buildings

IBM now occupies the entire office space in the former „ Connex building“.

Razvan Gheorghe returns to entrepreneurship

Razvan Gheorghe took over entirely the social shares of the company Cushman&Wakefield in the real estate company in Romania starting with 1st of July, and all contracts and projects have been transferred to Activ Property Services, after the Americans decided to close the local direct office.

CSDA Siriului office building, 100% leased

CSDA Siriului Business Incubator, developed by Primavera Development in Aviatiei district in Bucharest reached 100% occupancy rate before its completion, through a transaction managed by The Advisers / Knight Frank.

Cristescu brothers to get at least EUR 17.5 million from land sale

The brothers Emil and Marius Cristescu, the owners of Bega Group, intend to sell several plots of land totalizing over 20 ha and the corresponding constructions in Timisoara, the minimum price they expect being EUR 17.5 million, EUR 85/sqm respectively, according to data released to the Stock.

Two investors interested in 30% shares of Avrig 35

Two investors are interested to buy the 30% share of the real estate developer Avrig 35, owned by the American businessman Russell Wasendorf, currently in detention, has announced his assets’ judicial liquidator, Michael Eidelman.

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