| 2 June 2006 |
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Real Estate News
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Europolis
Invests In Office Buildings
The
Austrian real estate investment fund Europolis
will invest 230 million euros in the purchase
of two office building projects, according
to a company statement, quoted by daily
Ziarul Financiar.
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Stratus
Takes On Romanian Magnolia Project
Hungarian
development and project management company
Stratus Project Kft has announced the start
of construction on the Magnolia Center,
a 7,500sqm neighborhood shopping center
in Brasov, Romania. More
from BudapestSun
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| 6 June 2006 |
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Real Estate News
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Offices
Worth 12m Euros Near Iulius Mall Cluj
The Iulius Group will increase
the amount it is to invest in Cluj-Napoca
for the building of a mall by 12 million
euros, having decided to also erect an office
building near the shopping centre. This
will bring the total figure of investment
to 60 million euros. More
information here >>
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| 8 June 2006 |
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Economic News
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Coca-Cola
Makes Ten Times Higher Profit On Local Market
Coca-Cola Romania, the domestic branch
of the US-based The Coca-Cola Company, which
handles the marketing of Coca-Cola products
on the domestic market, made profit worth
21.9 million RON (6 million euros) in 2005,
almost ten times higher than the figure
reported in 2004. More
information here >>
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| 11 June 2006 |
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Economic News
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Romanian Economy
Advanced Seven Percent In First Quarter
Construction and services are the engine
of the largest real-terms growth since 2000,
despite the negative influence of affects
on agriculture by bird flu.
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Real Estate News
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Charles
De Gaulle Plaza Sold For 80m Euros
Charles de Gaulle Plaza, the biggest office
building on the domestic market, has been
acquired by investment fund Accession fund
for more than 80 million euros in the biggest
transaction ever conducted on the Romanian
real estate market thus far. The main tenant
of the building is mobile telephony operator
Vodafone Romania.
More information here >>
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Europolis
To Buy Two Office Projects For EUR 230 Million
Europolis will finalize two new office
space acquisitions in the coming period,
with some EUR 230 million in investment,
Stefan Gheorghiu, managing director of Europolis
in Romania, told Business Review last week.
One is an already completed office building
for which the firm will pay EUR 100 million,
Gheorghiu added.
More information here >>
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| 12 June 2006 |
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Real Estate News
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The New Golden
Market Of Europe
As 2006 is likely to be Romania's last
year outside the EU, immediate investments
in the real estate market seem to be the
smartest move for foreign investors targeting
high profits. Soon to be the 7th biggest
member of the European Union, Romania is
the proud owner of 11 million hectares of
agricultural land, only 228 kilometers of
highway
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Antares
Modernizes Hotels In Mamaia With EUR 14
Million
Antares Group has recently finished a EUR
14 million-plus investment in its Fantasy
Beach hotel in Mamaia resort, Catalin Butnariu,
the hotel manager, told Business Review.
More
information here >>
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| 21 June 2006 |
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Real Estate News
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Rewe
Romania To Invest EUR 180-200 M In Five
Years
The retail company Rewe Romania, a member
of the German Group Rewe, will invest EUR
180-200 M over the next five years, given
the company’s long-term plan to set up a
chain of 150 to 200 stores in Romania. More
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| 22 June 2006 |
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Real Estate News
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23m-euro
Residential Complex In Cluj
Italian businessman Giorgio Griessi, who
owns two plants in Romania in the iron-and-steel
sector, is going to build a residential
complex worth 23 million euros in the Chinteni
area, 6 kilometres away from Cluj-Napoca.
More
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| 27 June 2006 |
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Real Estate News
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High Yields Keep
Investors Tuned In To Residential Projects
"This year is going to attain a boom in
investments in flats," believes Mihaela
Pana, head of the residential department
of real estate advising and consulting firm
DTZ EChinox. Compared with previous years,
profitability on the residential segment
was down and return on investment was lengthened
to 10 - 12 years.
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KD
Seeks Opportunities On Real Estate Market
The chairman and one of the main shareholders
of Slovenian KD financial group, considers
the Romanian market to be one of the most
appealing in the region owing to its size
and to tight competition. More
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| 28 June 2006 |
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Real Estate News
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Anchor
And Summa To Invest 80m Euros In Flats
The Anchor Grup, the developer of Bucuresti
Mall and Plaza Romania shopping centres,
in partnership with the construction company
Summa, will start developing two residential
centres worth 80 million euros. The company
that has developed and operates Bucuresti
Mall and Plaza Romania retail centres, is
making its first move on the residential
real estate market. More...
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