CBRE: Bucharest City Has Too Few Luxury Hotels

The international chains of hotels become increasingly interested in the local hotel industry, because of the lack of high quality projects, and also because Bucharest is still attractive and has a big development potential compared with other cities from Central and East Europe. According to a survey recently published by the real estate company CB Richard Ellis (CBRE), the international chains of hotels are ever more interested to obtain a strong position on the local market of the hotels, which will register in this way an intense development, with the finalization of the new projects and the rehabilitation works. More

Converting Industrial Facilities Into Offices Proves Lucrative

Conect Business Park converted two industrial properties in northern Bucharest into office buildings, where it charges a rent of 10.5 euros/square metre. More

Africa-Israel Buys Land Worth 60m Euros For Housing

The Africa Israel Europe real estate development firm, which is building the Cotroceni Park shopping complex in Bucharest, plans to buy three plots of land valued between 60 and 70 million euros within the next two-three months, for residential developments. More

Nanette Buys Bucharest Lots For 2 Residential Projects

Nanette Real Estate Group NV (AIM:NAT) has bought land for two residential projects in the Romanian capital, Bucharest. Nanette is controlled by Olimpia Real Estate Holdings Ltd. (TASE: OLMP) and Meshulam Levinstein Contracting and Engineering Ltd. (TASE:LEVI). More

Nanette Real Estate To Buy Romanian Co For 1.28 Mln Eur, Build Bucharest Flats

Nanette Real Estate Group NV said it is is to buy California srl, a Romanian-registered real estate company, for 1.28 mln eur in cash. California owns a 1,400 sqm residentially zoned plot in Savinesti, close to central Bucharest. More