| 1 March 2007 |
Immoeast Goes Shopping Again, Spends 90
Million Euros For S. Park
Austrian investment fund Immoeast has
bought the S. Park business park developed
by Primavera Development close to Piata
Presei, in an about 90 million-euro deal,
one of the biggest transactions on the
domestic market. More
|
| 8March 2007 |
500 Million € Hotels: Accommodation Investments
Go Wild
In 2007, the number of the hotel rooms
in the Capital will be double and mini-resorts
will appear in the areas like the seaside,
the Danube Delta, the mountains and the
shores of the lakes. The total value of
the investments in the field of hospitality
will reach approximately 500 million euros
this year, as compared to an estimated
level of 420-440 millions in 2006... More
|
Romanian
Homebuilding Rises 19% In Quarter Before
EU Entry
Romanian housing construction rose an
annual 19% in the fourth quarter as developers
increased investment before the country
joined the European Union. Apartments
and houses finished in the period rose
to 17,448 from 14,682 a year earlier,
the National Statistics Institute said
in an e-mailed news release today. More
|
| 12 March 2007 |
Aura To Build NIS 100m Romanian Residential
Project
Aura Investments Ltd. (TASE:AURA) has
bought 80% of a lot in the Romanian city
of Piatra Neamt for NIS 7.8 million. The
company plans to build 180 apartments
on the site, which it predicts it will
sell for NIS 100 million. The deal was
carried out through its Romanian subsidiary
PN Ehad Invest SRL. More
|
| 16 March 2007 |
Real Estate Prices Keep Growing
The prices on the domestic real estate
market will continue to grow in the next
15 years due to the low development pace.
The high request and the level of the
incomes encourage the increase in prices
for real estate properties, representatives
of the real estate company Arco Real Estate
Consulting, owned by Estonian investors,
told Mediafax on Wednesday. More
|
| 19 March 2007 |
Real
Estate Agents Woo BCR For Space Sale
BCR is receiving calls from real estate
agents from all over Europe who want to
buy some of its properties every day,
but it is not rushing to sell, states
Andreas Treichl, CEO with Erste Bank,
the majority shareholder in BCR.
|
| 21 March 2007 |
Baneasa
Airport In Process Of Dismantling
The founding of the Romanian Airports
Company leads to the disappearance of
the Aurel Vlaicu Airport in Baneasa for
real estate-related considerations, official
sources from the airport have told Rompres.
“According to the merger project, a square
metre of land at Baneasa is valuated at
EUR 5-5.8, a lot less than its market
value... More
|
| 26 March 2007 |
Immoeast
Buys 25% In Adama For 60 Million Euros
Austrian investment fund Immoeast, the
most active player on the domestic real
estate market, has reached a partnership
with real estate developer Adama, whereby
it will contribute 60 million euros to
the share capital of this company. More
|
| 30 March 2007 |
Real
Estate Leasing Market Expands
In 2003, real estate leasing had accounted
for just 1% of the total market, while
in the first nine months of 2006 the figure
stands at almost 8% (almost 50 million
euros), according to estimates made by
the Leasing and Non Banking Financial
Services Association. More
|
Residential
Investments, The Most Profitable On The
Real Estate Market
The residential investments have, for
the first time in the last few years,
the biggest yield in the market – ten
per cent, ahead of the amounts obtained
in the other segments – industrial, commercial,
offices, according to the data of the
consultancy and brokerage company Coldwell
Banker Affiliates of Romania. But, the
yields on the local market are falling,
as the market reaches maturity. More
|
| |
