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Middle class is looking for housing in Northern Bucharest

In the residential market in Bucharest, approx. a third of the buyers are from the middle class, with monthly revenues between EUR 1,000 and EUR 3,000, working in sectors such as IT, banks, telecom or sales, according to a study of Coldwell Banker.

Lidl opens new store in Bucharest; network reaches 180 units

German retailer Lidl is opening its 180th supermarket in Romania Thursday, September 18, in capital Bucharest.

Foreign direct investments down at EUR 1.3 bln in Romania

Foreign direct investments totaled EUR 1.3 billion in the first seven months of the year, down 13.8% compared to the same period the previous year, according to data from the central bank BNR.

Leroy Merlin opens store in Craiova, following EUR 13 million investments

Leroy Merlin opened a store at the Electroputere Park shopping center in Craiova today. This is the French DIY retailer’s second location on the Romanian market since opening in 2011.

Israeli developer to exit Romanian real estate market, sells land in Tîrgu Mureş

Real estate developer Plaza Centers, in process of exiting the Romanian market, announced the sale of 31,500 sq. m land in Tîrgu Mureş, where intended to build a commercial centre. The land was sold for EUR 3.5 million.

Anchor Grup plans to resume works on Metropol office project

Real estate developer Anchor Grup, part of Turkish Fiba Holding, is in the process of selecting a contractor and could resume works on the 35,000 sqm Metropol office project in western Bucharest this autumn.

Office markets in CEE continue to be supply-led through new development

A number of markets experienced a rise in the vacancy rate of the back of a large volume of new supply through the end of 2013 into the first half of 2014 including St. Petersburg, Moscow, Warsaw and Prague. The regional vacancy rate increased to 13.6 percent in 2014 H1, up from 11.8 percent in H1 2013 according to recent research released by Colliers International

Asbud takes over Karolkowa Business Park

Asbud now fully owns the Karolkowa Business Park office complex in Warsaw.

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