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Articles

Developers are paying up to EUR 3,000/sq. m for plots in downtown Bucharest

The investment funds interested by the opportunities offered by the real estate market in Bucharest are purchasing plots exceeding 1,000 sq. m in central areas with prices between EUR 1,200 and EUR 3,000/sq. m, according to the representatives of the real estate agency Palace Estate.

Number of insolvent companies drops by more than half in Romania

Almost 5,000 companies became insolvent in the first five months of the year. The number decreased by more than half (57%) compared to the same period last year.

Tycoon Boris Mints calculates its acquisition strategy for Immofinanz

Three months after Russia’s O1 Group and Austria’s CA Immo din Austria had an unsuccessful attempt to grow their shares within Immofinanz, the two investors didn’t decide yet their next movement.

Developers of City Point project are preparing new investments exceeding EUR 100 million in Romania

Israeli companies Shikun & Binui and Red Sea Group, the developers of the residential complex City Point, situated in Aviaţiei zone in Bucharest, plan to build together starting 2017 approx. 1,800 apartments on the plot they own behind the headquarters of Traffic Police in Bucharest, where they have already developed two blocks and still working for the third, while the works for the fourth will begin in July.

British IT group plans to hire 500 in Romania

Birmingham-headquartered IT group SCC plans to hire another 500 people in Romania.

WCM buys Main Triangel building for €90m

German investor WCM Beteiligungs- und Grundbesitz bought the Main Triangel office building in Frankfurt for €90m.

Romanian real estate market overview: increase in investors’ interest

The real estate market re-entered on an ascending trend, more and more investors being interested in Romania. For the second half of the year, the consultants expect transactions exceeding EUR 800 million, as well as the return of the inactive investors on the market.

Standard & Poor’s might downgrade Romania’s rating

Rating agency Standard and Poor’s has warned that it might downgrade the ratings of several countries, including Romania, if the economic problems in Greece affect these countries’ banking systems.

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