Commercial - Business Review

Commercial

Baneasa Shopping City’s 2017 profit 12 pct higher than in 2016

Commercial April 18, 2018 15:26 0 comments

Baneasa Shopping City, one of the largest shopping malls in Bucharest, had a net profit of EUR 17.28 million in 2017 and a profit margin of 33 percent, compared to a net profit of EUR…more »

Study: Commercial segment of real estate posts annual growths of close to 15 pct

Commercial April 02, 2018 15:24 0 comments

According to an analysis of the residential and business real estate platform, Wizmo.ro, commercial spaces represent a real estate segment more and more attractive for investors, posting annual growths close to 15 percent. Financers, who…more »

Ikea to develop beyond classic stores in Romania, maintains plans to open stores in Brasov, Cluj and Timisoara

Commercial March 27, 2018 14:26 0 comments BR Exclusive

Swedish furniture retailer Ikea have plans to develop its business in Romania besides the classical stores and maintains plans to open its next stores in Timișoara, Braşov and Cluj, but  the construction depends on the…more »

S IMMO AG completes remodelling of Sun Plaza following investment of EUR 30 mln

Commercial March 21, 2018 17:10 0 comments

After two years of reconstruction works, S IMMO AG completes the upgrade of Sun Plaza shopping centre in Bucharest and all reconfigured areas will be opened to the public on March 22nd. Sun Plaza has…more »

targoviste mall

Military unit in Targoviste where Ceausescu couple was executed to be turned into shopping mall

Commercial March 07, 2018 15:31 0 comments

Targoviste authorities signed a contract for the land where a new mall will be built, in the very same place where Nicolae and Elena Ceausescu were killed – a former military unit. The shopping mall…more »

Element Development secures EUR 4.5 mln bank loan for Bistrita Retail Park

Commercial March 01, 2018 14:04 0 comments

Real estate developer Element Development, controlled by Ionut Dumitrescu, got a EUR 4.5 million loan from Garanti Bank for the construction of Bistrita Retail Park. The total investment in the project amounts to EUR 9…more »

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 »