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BNP Paribas Real Estate has a new business development manager in Romania

Olga Melihov is the new business development manager of BNP Paribas Real Estate for Romania, who will be in charge of the company’s development on the market and the implementation of the development strategy in Romania

Globalworth buys 30,000 sqm of land in Pipera

Globalworth, real estate investment company founded by Greek businessman Ioannis Papalekas, bought several land plots totaling 30,000 square meters in northern Bucharest, for EUR 14.3 million, for commercial (office and retail) development.

New offices for 20,000 employees in construction in Bucharest

The real estate investors are working in Bucharest at new office projects on a total area of approx. 160,000 sq. m, where approx. 20,000 people could work, and the consultants say that the developers are mainly focused on attracting companies from other building than on new business.

JTI Romania opens new headquarters

JTI Romania, the local branch of cigarette producer Japan Tobacco International (JTI) has officially inaugurated its Bucharest head offices located near its production facility at 9-9A Dimitrie Pompei Boulevard. The office building underwent a renovation and extension process which started in April 2013 and was completed this May.

AFI Europe signs record EUR 220 mln refinancing loan for Bucharest mall

Real estate developer AFI Europe has signed a EUR 220 million refinancing loan agreement with Deutsche Pfanbriefbank, Erste Group Bank and Raiffeisen Bank for the AFI Palace Cotroceni shopping mall in Bucharest, its flagship project in Romania, the company announced today. The mall was valued at EUR 375 million in September last year, according to AFI Europe data.

Gov’t approves social insurance contributions cut by 5 pc

Romania to have second-lowest costs in region following this measure.

The developer Tagor completed first phase of the residential project in Arad, EUR 5.5 million investment

The investment in the first residential building of the company in Arad is EUR 5.5 million and is financed by Volksbank. Upon the completion of the project with 12 buildings, the value of the investment will reach EUR 83 million.

New Investments: NEPI has nearly half a billion Euros for new projects

Investment fund NEPI has ongoing in Romania investments exceeding EUR 460 million in new projects or in existing projects expansions, with a total rentable area upon completion of more than 250,000 sq. m.

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