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Romania has the chance to become an emerging market over the next 12-18 months

The representatives of the industry of funds administration, segment of the economy which last year recorded the fastest increase since the beginning of the economic crisis, considered that Romania has big chances to go from the statute of border market to that of emerging market in the next 12- 18 months.

Orange rented 13,700 sq. m in Green Court, first Skanska offices in Romania

Orange Romania rented 13,700 sq. m in Green Court Bucharest project, developed by the Sweden’s Skanska in Barbu Vacarescu-Floreasca area.

German retailer Lidl continues the expansion: two new stores in Bucharest and Craiova

German retailer Lidl will open next week two new stores, in Bucharest and Craiova, reaching a network of 175 units nationwide, according to a company’s release.

IKEA has the construction permit for Timpuri Noi project

Interprime Properties, the real estate division of IKEA group in Romania, has the construction permit for the project on the platform if the former Timpuri Noi factory in Bucharest.

EU approves EUR 409 million investment in Bucharest subway system

The European Commission approved on Thursday a EUR 409.5 million investment from the Regional Development Fund (FEDR) for the Eroilor – Drumul Taberei subway route currently in development, writes Mediafax.

Dan Pascariu was reelected in real estate developer NEPI’s Board

The shareholders of the South-African investment fund New Europe Property Investments (NEPI) have decided during their general assemble from Wednesday the election as administrators of Dan Pascariu, Dewald Joubert, Alexandru Morar and Tiberiu Smaranda.

Cargus rented 5,000 sq. m of offices and warehouses

The courier company Cargus, with business of EUR 26 million last year, has rented offices and warehouses on 5,000 sq. m from the logistics and transportation company Triton International Cargo, according to the real estate consultant DTZ Echinox, which represented the landlord in the transaction.

Europa Capital sold 150 apartments in Bucharest

Europa Capital managed to sell all 150 apartments in the first phase of its Vitan Residence 2 residential project in south-central Bucharest in just 15 months since the launch of its sales programme.

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