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Plaza Centers postpones again the completion of its projects

Plaza Centers estimates the completion date of only three Romanian projects, the project Casa Radio, the mall in Timisoara and the project Cina Plaza in Bucharest, the other mall projects which appeared in the 2012 financial report with completion dates in 2015 or 2015 are now shown in the report as being in the feasibility study phase.

Fene Grup changes name to ENGEKO

Romanian construction group Fene Grup will be renamed Engineering and General Constructing (ENGEKO) and will undergo a rebranding process, the company announced. Fene Grup was established by Relu Fenechiu, former Minister of Transport, found guilty of corruption.

Mergers and acquisitions market up 39 pct in 2013

The estimated value for mergers and acquisitions in Romania last year was USD 1.09 billion, up 39 percent on the year with the biggest transactions recorded in the banking industry. 57 transactions out of a total of 147 mergers and acquisitions were made public.

Kingfisher hopes to soar to 50 local DIY stores despite challenging market

After taking over the local Bricostore DIY network in June 2013, British company Kingfisher will open this Friday the first two stores rebranded as Brico Depot. Over the next two years it wants to convert the remaining 13 outlets and open new branches.

Militari Shopping Center value depreciated with EUR 6 million

The net revenues of Atrium European Real Estate from the renting of the commercial centre Militari Shopping Center have stagnated last year to EUR 6.4 million, the project being reevaluated down with nearly 8% compared to the end of 2012.

Commercial Real Estate Projects Investments Doubled in 2013 in Romania

The investment volume for commercial real estate projects in Romania exceeded EUR 343 million in 2013, with more than 100% growth compared to the previous year, according to the latest CBRE research.

Bucharest’s AFI Palace Cotroceni increases income by 6.5 pct in 2013

The AFI Palace Cotroceni shopping mall in Bucharest increased its net operating income by 6.5 percent in 2013, above the initial target, to a total of EUR 28.7 million, announced today representatives of AFI Europe Romania, the project’s developer and property manager.

3 Trends in Office Fit Out

The office is not anymore just a space where the employees are sitting in front of their computer 8 hours a day, as the collaborative work environment became more and more important for the local offices of the corporations.

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