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Articles

Bluehouse is raising money for new acquisitions in Romania

Cyprus’ investment fund Bluehouse Capital, one of the owners of the office towers City Gate in Piaţa Presei Libere, is preparing the launching on the market of a new private equity fund for real estate investments in CEE, including Romania.

CA Immo wants to buy already let office buildings in Bucharest

Austrian group CA Immo, one of the biggest office buildings owners in Romania, aims the acquisition of new office buildings which generate revenues, similar to those already owned on the local market. The investor is waiting though new developments, as the current options are limited.

FDI in Romania up 48 pct in first four months to EUR 1.16 bln

Foreign direct investment (FDI) in the first four months increased by 48 percent to EUR 1.16 billion, given that in April they stood at EUR 279 million, down 41 percent compared to March, according to data of the National Bank of Romania (BNR) quoted by Mediafax.

IKEA buys land in Bucharest to open second store in Romania

IKEA purchased on Friday the land for the construction of the second store in Romania, also in Bucharest, in the Pallady Boulevard area in District 3, announced the Swedish retailer of furniture and decoration, according to Mediafax.

Coresi Business Park Brasov adds 2nd phase to the office project

Coresi Business Park started construction on the second phase of the project, consisting of two new office buildings, with a total area of 18,000 sqm. Tata Technologies is the first tenant to occupy 3,300 sqm in the first building, planned for delivery in Q2 2016, according to a press release.

TriGranit: Romania has a bigger economic growth, but Poland is more active in real estate

Romania is a less attractive market compared to Poland in terms of investments or real estate or transactions, despite the positive macro-economic indicators, considers Bogdan Macarie, development director within TriGranit Develop­ment, the real estate development company in the portfolio of the businessman involved in several projects on the local market.

Wholesale and retail business up 6.1 pct in first four months

The turnover of wholesale trade and retail and car and motorcycles service increased by 6.1 percent in the first four months, unadjusted series, due to the advance in trade with motor vehicles (14.7 percent) and maintenance and car service (6.8 percent).

Secure Property Development buys EUR 18 mln assets in Romania

Investment fund Secure Property Development has completed the acquisition of a 24.35% stake in the Delea Noua office building in Bucharest, which hosts Romania’s communications authority ANCOM, as well as several apartments.

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