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6 ha land for sale in Preciziei zone, for EUR 9.5 million

Insolvency company Rominsolv put on sale a land of six hectares in Preciziei St. in western Bucharest, where several constructions are situated, belonging to the bankrupt company Compania de Expeditii si Transport Auto (CETA), owned by the businessman Marius Cae.

Dedeman plans 13 store expansion with three openings this year

DIY retailer Dedeman intends to expand its network in Romania by building 13 new units, with three new stores opening this year. For every unit, the retail will also develop a tennis court, as part of a partnership with the Romanian Tennis Federation.

DTZ Echinox hires Ionut Bordei to lead new residential department

Real estate consultancy firm DTZ Echinos announced it is establishing a new department for investments in terrains and residential projects, speculating that the residential market will bounce back. The company hired Ionut Bordei, former partner for Eurisko/CBRE, to head this new department.

Arval, Venchi and BNP Paribas Cardif among Ethos House tenants

Ethos House, the office project developed by Gktosis Anstasios in Bucharest, will be completed on October 1st, the developer has announced. The 8,000 square meter office building located on Calea Floreasca represents a EUR 7 million investment with Arval, BNP Paribas Cardif and Venchi among the first announced tenants.

Bucharest’s largest office transactions in H1 2014

The mobile phone operators Voda­fone and Orange were the protagonists of the most important transactions on the office market in the first semester, signing leases for spaces situated within two office buildings in construction in Barbu Văcărescu – Floreasca area, where they will relocate approx. 3,000 employees.

Banking giant HSBC comes to Romania

The UK giant Global Asset Management with assets in amount of EUR 300 billion in management registered at the Financial Supervisory Authority to commence its operations on the local market being granted the approval to manage investment portfolios, reports zf.ro.

Aro Palace wants to sell Brasov CItadel for EUR 3.5 – 4 mln

Aro Palace is currently in negotiations with Brasov Town Hall to sell the Brasov Citadel (Cetatea Brasov) for EUR 3.5 – 4 million. In case the two entities will not reach an agreement then Aro Palace will organize an auction in the fall, according to Mihai Fercala, general director for SIF Transilvania.

Mega Image opens two new units in Bucharest

Mega Image, part of Delhaize group, is set to open two new stores this week in Bucharest: a Shop&Go on Ficusului Boulevard and another Shop&Go in Mihail Kogalniceanu Square.

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