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Articles

Hines acquires two more logistics facilities in Poland

The Warsaw office of Hines, the international real estate firm, has announced that the firm’s Hines Russia & Poland Fund (HRPF) has purchased two logistics facilities from TMW Pramerica Property Investment GmbH.

Brasov - Comarnic highway project is modifying the route, but will not be postponed

The general manager of CNADNR, Narcis Neaga, has denied the information according to which the bid for the construction of the segment of the highway Brasov - Comarnic would be postponed due to route’s modification.

NEPI made the deal with Bel Rom to take over Severin Shopping Center

South-Africa’s investment fund New Europe Property Investments (NEPI) took over Severin Shopping Center, developed by the Belgium’s Bel Rom, as well as a land nearby of 2.3 ha, have announced the lawyers Voicu&Filipescu, who assisted the seller in the transaction.

Echo Investment gave up a floor in Korona Braşov

Polish company Echo Investment modified the structure of Korona mall they intend to develop starting 2014 in 2014 in Braşov and plan to buy retail projects already existing in the country, considering that the high pressure on rents makes difficult the construction on new buildings.

DTZ: Prague’s new spec offices boom

A record volume of new office will be added to Prague’s office market this year, according to the recent report published by DTZ. Over 58,000 sqm will come on-line in Prague 1 alone, the capital’s central district, more than in the pre-crisis peak in 2006.

Baneasa Shopping City to open 13 new stores and a beauty centre

Baneasa Shopping City opens a series of stores and a beauty center, once the autumn-winter season starts.

Fitch affirms Romania at ‘BBB-’, outlook stable

Rating agency analysts expect the government to meet its medium term objective of a structural deficit of 1 per cent of GDP in 2014.

Tax evasion in Romania reached 13.8 percent of GDP in 2012

The Fiscal Council, the independent fiscal think tank, estimates that tax evasion in Romania stood at 13.8 percent of GDP last year, down from a record high of 15 percent in 2010, amounting to roughly RON 81 billion (EUR 18 billion).

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