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NEPI acquires Promenada Mall for EUR 148 million

South-African investment fund New Europe Property Investment (NEPI) paid EUR 148 million for the Promenada Mall in Bucharest to Raiffeisen evolution, which invested EUR 130 million in the project. The group paid cash from its own funds, writes Mediafax.

Luxembourg investment fund acquires EUR 1.2 mln real estate assets in Bucharest

Tavirama, a Luxembourg-based investment fund , has bought two retail spaces and one luxury apartment in Bucharest for EUR 1.2 million, the deals representing its first incursions on the Romanian market, where it plans to reach a portfolio of EUR 5 million by the end of next year, writes Mediafax.

Large residential project in Bucharest goes insolvent

A company that was planning to build 1,200 housing units within the Casablanca Residence in the Titan area of Bucharest went insolvent by bank request, according to Mediafax.

One million companies active on Romanian market

The National Trade Registry Office (ONRC) informs that the number of companies that have filed for insolvency in the first nine months of the year has dropped by 17.4 per cent to approximately 16,700, down from over 20,200 in the same period last year.

Lords LB Baltic Fund I sold its third investment portfolio asset

Lords LB Baltic Fund I sold its third investment portfolio asset - A class office building Metro Plaza in Tallinn (Estonia).

eMag to open new development hub in Iasi

Online retailer eMag is opening a new programming center in Iasi for which it will recruit 40 programmers in the first year of activity.

Kingfisher to sell former Bricostore in Baneasa area of Bucharest

Kingfisher, which took over the former Bricostore do-it-yourself store chain in Romania last year and re-branded it as Brico Depot, plans to sell the store within the Baneasa retail area, in Northern Bucharest, according to market sources quoted by Wall-Street.ro.

Real estate investment of EUR 3 mln in residential building near Tineretului Park

Two Romanian businessmen are investing EUR3 million in an apartment building that will have around 86 apartments, located near Bucharest’s Tineretului Park with delivery scheduled for July next year writes Mediafax.

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