Commercial - Business Review

Commercial

GAME WORLD GROUP leases 2,000 sqm in AFI Tech Park

Commercial February 14, 2018 10:13 0 comments

AFI Tech Park business campus, the new office destination currently developed by AFI Europe Romania, signed a new lease agreement of approx. 2,000 sq m in AFI Tech Park 1 with GAME WORLD GROUP. The…more »

Analysis. Real estate financing set to remain in cautious mode

Commercial February 14, 2018 10:00 0 comments BR Exclusive

In a market bucking the trend of growing interest rates, Romania’s commercial real estate sector will continue to attract bank financing, and although lenders are venturing into the sector carefully, players claim the positive economic…more »

auchan dr taberei

Immochan: 80 pct of Auchan Drumul Taberei commercial centre leased to retailers

Commercial February 08, 2018 16:04 0 comments

Immochan started a transformation process of the Auchan Drumul Taberei commercial centre in 2017, leading to the enlargement of the commercial surface by 2,400 sqm, improving the retail mix and adding 30 new stores. The…more »

La Strada Popesti Leordeni

Two new La Strada Street Mall projects due to open in 2018, in Bucharest and Brasov

Commercial February 07, 2018 14:06 0 comments

La Strada Street Mall Concept, the developer of one of the first strip mall-type projects in Romania, has announced the construction of two new commercial centres which are due to be delivered before the end…more »

Liberty Center’s traffic up by 12 pct and tenants’ sales up by 16 pct in 2017

Commercial February 06, 2018 15:58 0 comments

Commercial center Liberty Center registered an year-on-year traffic increase by 12 percent in 2017 and reached 4 million visitors/year. The tenants’ sales increased year-on-year by 16 percent, reaching an occupancy rate of 78 percent, compared…more »

hotel_concordia

Hotel Concordia to undergo restoration this spring, says Bucharest City Hall

Commercial January 25, 2018 15:52 0 comments

The Concordia Hotel in the old town of Bucharest, a historic monument where the Unification of Romanian Principalities was decided in 1859, will be restored in the spring of this year, according to representatives of…more »

rewe romania

REWE Romania completes renting out of commercial galleries in several Romanian cities

Commercial January 25, 2018 13:18 0 comments

REWE Romania has finalised the process of renting out commercial galleries in Braila, Bucharest, Targoviste, Buzau and Ploiesti. In the new format, Penny Market stores take up about 40 percent of the total gallery surface,…more »

Bucharest property market

Property investments in Romania gain 10 pct to almost EUR 1 bln in 2017

Commercial January 25, 2018 10:21 0 comments

The volume of property investments in Romania climbed by around 10 percent to almost EUR 1 billion compared to the 2016 level of EUR 890 million, according to estimates by JLL, the real estate consultancy.…more »

The Iulius Company kicked off the works for the retail component of its Openville Timisoara mixed-use project

Commercial January 17, 2018 12:53 0 comments Advertorial

This past December, the IULIUS Company commenced the works for the retail component included in the Openville Timisoara project, the largest mixed-use development in the west of Romania. The first phase of development of the…more »

Exclusive. Sonae Sierra exploring new shopping center investment in Romania

Commercial January 11, 2018 14:38 0 comments BR Exclusive

Sonae Sierra, the developer of the Parklake shopping center in Bucharest, is looking to develop from scratch a new shopping center in the Romanian capital or in another city locally. Thanos Efthymiopoulos, managing director, head…more »