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  P3 acquires 467,000 sqm of warehouses plus additional development land from CA Immo

  P3, the specialist owner, developer and manager of European logistics properties, has agreed to buy two logistics parks in Poland and one in Romania with a combined total of 467,000 sqm of lettable space, from...

  October 14, 2014

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  Mercure opens its first hotel in Romania

  Mercure, a midscale brand of Accor, one of the world’s leading hotel operators, opens its first unit in Bucharest at the beginning of November. The hotel is located in the very heart of the city,...

  October 14, 2014

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  IMF revises downwards-economic growth forecast for Romania

  The International Monetary Fund IMF has revised downwards its forecast on Romania’s economic growth to 2.4 percent this year, from an increase of 2.8 percent anticipated in June, according to the recent World Economic Outlook,...

  October 13, 2014

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  New office space demand in Bucharest, strongest in 4 years

  Demand for office space is going up in Bucharest, which in the first half of this year registered the highest such demand since 2008, according to a report from DTZ. Relocations, including pre-leases, are the...

  October 13, 2014

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  Indian group Cine Grand plans to open 20 cinemas in Romania

  Cine Grand, part of Indian group Cine Grand Network, opened its first cinema in Bucharest and the second in Romania and plans to develop a total of 20 cinemas in Romania, according to Wall-Street.ro. The...

  September 29, 2014

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  NEPI negotiating Promenada Mall takeover from Raiffeisen Evolution

  South-African investment fund New Europe Property Investment (NEPI), one of the largest real estate investors in Romania, is reportedly negotiating the takeover of Promenada Mall from Austrian developer Raiffeisen Evolution, according to sources quoted by...

  September 24, 2014

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  Romanian consumers are more patriotic after the crisis

  “The crisis awoke some sort of patriotism among Romanian consumers, who see the cooperation with Romanian companies as a solution to revive the economy,” said Dragos Paval, president and owner of Romanian group Dedeman, the...

  September 22, 2014

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  AFI Europe successfully completes refinancing for AFI Park 2 and AFI Park 3 office buildings in Bucharest

  AFI Europe has signed a financing agreement totalling €32 million with BCR (Banca Comerciala Romana), a member of Erste Group, for AFI Park 2 and AFI Park 3 office buildings in AFI Park in Bucharest....

  September 15, 2014

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  Construction of Veranda starts in Bucharest

  Prodplast Imobiliare has started the construction works for Veranda mall in the Obor area of Bucharest. The project will have more than 100 stores and a Carrefour hypermarket. An extensive green area of 15,000 sqm,...

  September 15, 2014

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  Polish discounter Pepco enters Romanian market

  Polish discount retailer Pepco, which sells clothes, accessories, toys and discount household items, is entering the Romanian market and has already started a recruitment campaign, according to Economica.net. Pepco is part of African holding Pepkor...

  September 08, 2014

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