Property - Business Review

Property

Openville Timisoara, the largest business, retail and entertainment hub in the west of Romania, to open in the fourth quarter of 2018

Offices November 20, 2017 12:49 0 comments Advertorial

The Openville Timisoara development, the largest mixed-use project in the west of Romania will be opened in the fourth quarter of next year, upon completion of the first phase of development. The project that integrates…more »

Petrescu (FNGCIMM): Prima Casa program will continue every year, at least until 2021

News November 17, 2017 14:17 0 comments

Prima Casa program will continue every year, at least until 2021 and the banks started bringing similar loan packages, said this Friday the general director of the National Fund of Loans Guarantee for SMEs (FNGCIMM),…more »

Industrial, logistics and offices are drivers of Romanian real estate market in Q3

News November 16, 2017 10:17 0 comments

The industrial, logistics and office sectors in Bucharest were the drivers of the real estate development market in the first nine months of the year, while the retail sector recorded the lowest growth rate in…more »

Preturi Pentru Tine retailer moves HQ to City Offices

Offices November 14, 2017 12:46 0 comments

PPT Preturi Pentru Tine, the Romanian clothing and footwear retailer, moved to the City Offices office building, part of Globalworth’s portfolio. The company leased 1,700 square meters in a deal that was brokered by real…more »

Forte Partners exploring development of mixed-use projects, says Geo Margescu

Residential November 13, 2017 18:39 0 comments BR Exclusive

Geo Margescu, the founder & CEO of Forte Partners, told BR that the developer is exploring new investments in the residential segment. The Romanian developer is currently working on Aviatiei Park, the residential project located…more »

River Development kicks off The Light office construction in EUR 33.5 mln investment

Offices November 10, 2017 17:58 0 comments

River Development, part of Romanian SEMA Group, has announced the start of the construction works for The Light office building located in Politehnica area, on the grounds of the former Pumac factory in Bucharest. The…more »

Companies in Bucharest lease 45,000 sqm office space in Q3

Offices November 10, 2017 12:26 0 comments

The Bucharest office market registered close to 45,000 sqm leased in this year’s third quarter. According to data from the real estate consultancy company Colliers International, the demand came mostly from IT and BPO/SSC companies,…more »

M&A alert. CTP buys Phoenix Logistics Center for around EUR 7 mln

Industrial November 10, 2017 09:42 0 comments

Industrial parks developer CTP has taken over Phoenix Logistics Center (PLC) from Dutch company LSREF3 Alpha Dutch Holdings for EUR 7 million in the second quarter of 2017. Phoenix Logistics Center (PLC) was integrated in…more »

Premier Estate Management signs strategic partnership with Anchor Group for consulting and sales services

Residential November 08, 2017 11:54 0 comments

Premier Estate Management signed a strategic partnership with Anchor Group for consulting and sales services for Pallady Towers residential complex. The project, located in Theodor Pallady Boulevard in Titan, will have two blocks with 200…more »

West Gate expands rental contract with Alpha Bank by end-2026

Offices November 07, 2017 11:46 0 comments

Office park West Gate, owned by the company Genesis Property, expands the rental contract with Alpha Bank by the end of 2026. Alpha Bank started its operations in West Gate in 2008 and currently occupies…more »