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Articles

IVG to target regional investments in Poland

According to the media reports, IVG could shift to Poland’s regional markets in the near-term, as an expiration date for its fund approaches.

EUR 120 million foreign capital increase for real estate in 1Q 2013

Foreign real estate investors have brought in the first three months more than EUR 120 million to the capital of the companies they own in Romania, a level that represents 7.5 times the amount brought in the same period of last year, EUR 16 million, according to ONRC (National Trade Registry).

Global shopping centre development grows 15%

An unprecedented 32 million square metres of shopping centre space is currently under construction across the world, representing a 15% increase year-on-year, according to the latest research from global property advisor CBRE.

TGM wins South Sofia Ring mall mandate

Hungarian-based TriGranit Management Corporation revealed that it‘s won the full property management mandate for South Sofia Ring Mall in a tender that it says featured serious competition.

Carpatcement sales decreased 7% in 2012

The construction materials producer Carpatcement, the local branch of the German group HeidelbergCement, reported a turnover of EUR 195 million for 2012, 7% lower than in 2011.

5 million € investment for the extension of KLG logistic centre near Bucharest

KLG Europe Romania, the company with activities on the logistic market will invest 5 million euros in the extension of the KLG centre near Bucharest.

McDonald’s to buy 2,000 sq. m plot of land in Craiova from the City Hall

McDonald’s, the biggest player on the local restaurants market, with a turnover of EUR 94 million in 2011, will buy from Craiova City Hall a plot of land of nearly 2,000 sq. m, where its restaurant is located for more than 10 years.

The EC approves the subway expansion from structural funds

The European Commission has approved that projects for the construction of the subway extension M4 (Parc Bazilescu- Straulesti) and M5 (Drumul Taberei- Universitate), as well as the construction of the highway between Sebes-Turda should be included among projects that are financed via the Sectoral Operational Programme Transport.

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