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Articles

NEPI starts works on Timisoara mall

South African investment fund NEPI (New Europe Property Investments), one of the largest real estate investors on the local market, started works on a new mall in South Timisoara.

AFI Palace Cotroceni posts EUR 30 mln operating income in 2014

AFI Palace Cotroceni shopping mall in Bucharest, AFI Properties’ largest and most important asset, ended 2014 with a total income of EUR 37.5 million out of which approximately EUR 30 million is the net operating income, which is up 4 percent against 2013.

Construction works grow steady by 12 pct in January

The volume of construction works increased in January, both as gross and adjusted series, against the same month of 2014, by 12.2 percent and 12.9 percent respectively, supported by major repairs and new construction works, according to the National Statistics Institute (INS) data quoted by Mediafax.

Renewed lease agreements in Baneasa Business & Technology Park

The building developed by the real estate company Baneasa Building & Technology Park renewed leasing agreements with two of its tenants, in transactions signed by The Advisers/Knight Frank consultants.

DTZ: Romania to reach 3 million sqm of modern retail space this year

Modern retail space supply in Romania this year will exceed 3 million sqm compared to 2.86 million sqm in 2013, according to DTZ Echinox data.

JLL appoints new head of capital markets in Romania

JLL announced on Tuesday that Silviana Badea (photo) is the new head of its capital markets department in Romania. She will coordinate JLL’s eight current exclusive sales mandates.

Romanian investor builds 330 apartments near Bucharest lake

Romanian developer Imob Construct Center is currently building a new residential compound in Bucharest, near Lacul Morii, the largest lake in Bucharest.

Israeli group resumes EUR 13 mln residential compound in Bucharest

Israeli real estate group Gindi decided to resume the construction of the residential compound GviTown in Bucharest, six years after the company launched the project.

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