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Murad to develop two residential buildings behind Orhideea Commercial Centre

Onix Residence, part of the group of companies controlled by the businessman Mohamad Murad, has developed 119 apartments building within a residential complex behind Orhideea Commercial Centre in Bucharest and started works for the foundation of the second building in the project which is scheduled for completion in the end of next year.

Gross minimum wage to increase from RON 900 to 975 in January

Romania will raise the gross minimum wage to RON 975 as of January 1, 2015, from the recurrent RON 900, Labor Minister Rovana Plumb said Monday, quoted by Mediafax.

JLL: Floreasca, Downtown and Western Bucharest to maintain the highest office rates

Office space in Bucharest in Floreasca, Downtown and the western part of the city will maintain high prices, JLL experts advise. Half of all leasing activity is currently focused in these areas which will also see the most development in the near future.

Romania posts biggest CEE growth in real estate deals in first 9 months

Romania had the biggest growth in real estate transaction volumes in Central and Eastern Europe in January-September, of 215 percent, to nearly EUR 700 million, but the country remains less attractive than Russia, Poland and Czech Republic, according to CBRE.

Euromall developing luxury residential project in downtown Bucharest

Real estate company Euromall will be developing a luxury residential project, Vernescu Residence, in downtown Bucharest. This is the first residential investment for the local developer controlled by Israeli investors.

Companies controlling Bucuresti Mall and Plaza Romania to merge

Two companies that are part of Turkish group Anchor and own shopping centers Bucuresti Mall and Plaza Romania will merge. The two companies have combined assets of over EUR 200 million.

P3 Acquires 467,000 m2 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 m2 of lettable space, from CA Immobilien Anlagen AG.

David Hay, AFI Europe: We have big plans for next year

The local development plans of AFI Europe include the expansion of AFI Cotroceni mall, the completion of the building 4 and 5 of the office project AFI Park, as well as the beginning of the INOX office project in 2017.

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