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Articles

$126 million American investment near Ploiesti

Lufkin Industries opens today in Ariceştii Rahtivani village near Ploiesti a factory of components and systems for oil extraction, with an investment reaching $126 million.

Belvedere real estate project in Targu Mures unlocked after 5 years

An EUR 50 million real estate project in Targu Mures, started in 2007 and blocked for five years, following the extension of a protection area for natural gas probes will be unlocked as the protection area was reduced from 450m to 50m, has announced Corneliu Grosu, the district’s prefect.

Tudor becomes the biggest green office owner with an extra investment of EUR 1.5-3 mil./building

The office projects West Gate and Novo Park, situated in the western and northern Bucharest have received BREEAM Very Good, certification. Following this certifications, Liviu Tudor, the owner of the projects, has 100,000 sqm green offices in his portfolio.

A Dutch investor prepares real estate investments over EUR 100 million, including in Romania

Dutch company Meridian Properties has the intention to list at the stock exchange in Warsaw, on Real Estate Investment Trusts (REITs), in order to attract EUR 200 million for a portfolio acquisition and for the payment of debts.

DTZ: Romanian real estate market still subject to bank loans

Romanian real estate market still remains extremely dependent of the bank loans, following the poor development of the capital market, unlike other countries in Europe, where the trend is for increasing the percentage of the financing from non-banking sources in real estate, according to a DTZ analyse.

The 50% price discount did not brought buyers for Marriott

The next auction will be held on Wednesday, 19th of June. The starting price will remain EUR 12 million.

Sun Offices reach 85% occupancy rate

The Austrian company S Immo, the owner of Sun Plaza mall in Bucharest has reached 85% occupancy rate for Sun Offices, the office building near the mall, after the touristic operator G2 Travel leased 1,000 sqm office spaces.

Kaufland will have 10 stores in Bucharest in 2015

The German group Kaufland, the biggest player on the local retail market, with estimated turnover of EUR 1.5 billion last year, will accelerate in the next year the expansion process in Bucharest, where currently only holds four of the 85 stores of the network.

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