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Adama completed last phase of residential compound in Iasi, following EUR 1.7 million investment

Real estate developer Adama, controlled by the Austrian group Immofinanz, completed the construction of the last phase of the residential complex Copou Bellevue in Iasi, following EUR 1.7 million investment sustained from own resources, the complex including 170 units, 75 pct sold.

AFI Europe to get EUR 32 million loan from BCR to finance office buildings

BCR lends EUR 32 million to AFI Europe for the completion of the office buildings AFI Park 2 and AFI Park 3. The financing includes EUR 17 million investments loan for AFI Park 2 and a development loan of EUR 15 million for AFI Park 3.

SPDI buys 122 Bucharest apartments for EUR 3.3 million

Secure Property Development & Investment (SPDI), a property development and investment company incorporated in Cyprus, has paid EUR 3.3 million for 122 apartments in Bucharest, this being their third investment in Romania this year, inform Mediafax.

Utilitarian Aviation to sell on small plots EUR 15 million land in Bucharest

The shareholders of the company Aviaţia Utilitară, controlled by the businessman Sorin Avramescu, have approved the selling on parts of a land of 50,000 sq. m in Bucharest for the total amount of minimum EUR 15,65 million, according to an information published to the Bucharest Stock Exchange.

Euro Insol sells MLP Bucharest Sud logistics park for EUR 14.2 mln

Euro Insol has, the liquidator of bankrupt MLP Bucharest Sud, has sold the company’s asset – the MLP Bucharest Sud logistical park – for RON 62.5 million (approximately EUR 14.2 million) to AGI-RRE Hera, according to Mediafax.

Fitch reconfirms Romania rating, keeps investment grade, revises economic outlook

Fitch has confirmed the rating on Romania’s non-Governmental debt on the long – term, to BBB- for foreign currency and to BBB for local currency. It kept Romania in the investment grade, but revised downwards the economic growth prognosis for this year, from 2.8% to 2.2%.

Works on Veranda shopping center in Bucharest to start next week

Construction works on Veranda shopping center, developed by Romanian businessman Florin Pogonaru in Obor area in Bucharest, will start next week, reports local Mediafax.

DTZ Echinox report: Retailers are running out of space to expand

Modern retail stock in Romania at the end of the first half of 2014 is of 2.787 million sq. m, Bucharest accounting for 31 percent with 875,000 sq. m, according to an analysis from DTZ Echinox. Shopping centers represent 60 percent, while retail parks and commercial galleries account for 25 percent and 15 percent from the total retail stock.

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