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Articles

Lidl to build new 12,500 sqm HQ in Bucharest with Skanska

German grocery chain Lidl has unveiled on Wednesday plans to open a new office building and a store in Bucharest in partnership with construction company Skanska.

Net investments in Romania reach EUR 16 bln

The net investments in Romania’s economy totaled EUR 16 billion in 2015, up by 8.4% compared to 2014.

Zacaria Group invests EUR 20 million in a new residential project in Bucharest

Real estate developer Zacaria Group enters the Romanian residential market with an investment of EUR 20 million in a project which includes 280 units situated in northern Bucharest.

INS confirms previous GDP growth of 3.7 pct for 2015

According to data released by the National Institute for Statistics, Romania’s economy advanced 3.8 percent (seasonally adjusted) in the last quarter of 2015 year on year, while gross series showed a 3.7 percent increase, showing no change to previously announced values.

ParkLake reached 94pc of total GLA for its September opening

ParkLake, a Sonae Sierra and Caelum Development Joint venture project, announces the opening for September 2016 with further tenant agreements reaching over 94pc of its Gross Leasable Area (GLA). The new tenants range from clothing, sports equipment and toys to sports and fitness services providers.

Immochan received in January EUR 14.3 million capital infusion from shareholders

Immochan Imobiliare SRL, the real estate division of the French group Auchan, received a capaital increase of EUR 14.3 million from its major shareholders.

Alpha Bank took over Cubic Center office building in Bucharest

Cubic Center office building, developed by the businessman Dinu Patriciu, was taken over by Alpha Bank, in the account of its debts. The building is 31 pct. occupied, tenants including Agricover, Promidea, Nexte Bank, Patria Credit and Luatel.

The founder of Urgent Curier, ready to take over an office building in Floreasca, Bucharest

Sebastian Bă­lă­şescu, one of the founder of the company Urgent Curier, which merged over an year ago with Cargus is in advanced negotiations to take over an office building in Floreasca area, according to sources in the market.

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