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Articles

NEPI to Start the Works for Three Malls by Christmas

South-Africa’s investment fund NEPI, which reached a portfolio of more than 200,000 sq. m of commercial centres, intends to start the works for another three retail projects by the end of this year, developments with a total budget of approx. EUR 200 million.

10.3 pct Decrease for New Construction Works in First Eight Months

The construction works volume decreased in the first eight months, compared to the similar period of last year, both as adjusted and un-adjusted series, with 0.6%, 2.8% respectively, being influenced by the important decrease of the new constructions works - 10.3%.

IGD to Invest EUR 12.5 Million in Winmarkt Commercial Centres in Romania

Italian company Immobiliare Grande Distribuzione (IGD) has planned EUR 12.5 million investments for 2012-2015 for the renovation, the extension of the rentable area and the optimization of the visitors’ flow of its commercial centres network Winmarkt Romania, the amount for this year reaching approx. EUR 5 million.

Two Former Regatta Managers Launch New Real Estate Company

Costel Alecu and Anca Barbarosie, both former managers within Regatta Real Estate, launched Romtor Real Estate, a real estate company specialized in B2B services.

Cemacon Sells Zalău Industrial Platform

Bricks producer Cemacon Cluj (CEON) intends to sell the platform owned in the centre of the town of Zalău, including the old production line, closed in 2011 and a land of 6 ha, transactions that are supposed to bring EUR 7-8 million.

Immochan Appoints New Financial Manager

Immochan, the real estate division of Auchan Group appointed Miguel Trindade, former asset and finance manager within Sonae Sierra Romania.

Key Points to Check when Leasing an Office Premises

It is well known that the process of leasing office premises implies long hours of negotiation, several rounds of comments and amendments performed by the legal advisors of the parties before actually reaching the “final execution version” of the lease agreement. Thus, during the negotiations, both the landlord and the tenant shall make sure they have a clear understanding on some key points.

Raiffeisen Bank Invests EUR 500,000 in New Operational Center in Brasov

Raiffeisen Bank, owned by Austria’s Raiffeisen Bank International, announced the official opening of its operational center in Brasov, an investment of approx. EUR 500,000 which handles a series of banking operations, in a move designed to cut costs and streamline processes.

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