Landmark business sold for 210 mln euro

Real estate investment company Landmark has been sold for 210 mln euro to a company set up by two of its managers. Bridgecorp, incorporated by Landmark managers Tania Koseva-Boshova and Richard McDonald, was chosen through an ... More

Real Estate Market in Bulgaria Remains Stable

One third of the 2006 FDI were in the real estate market. Four billion euro in foreign investments entered Bulgaria in 2006, equal to 16 percent of the GDP of this country. One third of these investments were in the real ... More

Russians to invest $USD 1,5bn in Montenegro

Mirax Group will invest USD 1,5bn in construction of the posh summer resort located between Montenegrin coastal towns Budva and Becici. Russian business daily Vedomosti reports that Mirax Group already presented its project ... More

Colliers targets 30% business growth in '08

Colliers International and Eurisko Consulting, the leading companies on the Romanian real estate consulting market, have doubled their businesses this year, to 22 million euros and 12 million euros respectively, and expect to ... More

Investments of EUR 2.4 bln.

According to MoneyChannel, 14 huge international companies attended the Expo Real Munchen in Germany recently, where they promised to make investments in the Romanian real estate market, totalising EUR 2.4 billion. The ... More

Real-estate prices will continue to grow in Romania

Foreign capital’s entry rate will not stagnate in Romania, so the real-estate prices in Romania will continue to grow, Juha Kahkonen, senior advisor within IMF’s Europe Department, has stated yesterday in Warsaw. ... More

EUR 2.4 bln. expected to be invested in 2008 in the Romanian real estate market

At least 14 international companies have announced investments worth EUR 2.4 bln. for 2008, in the Romanian real estate market, being expected that residential and commercial projects will particularly be developed, according to ... More

Developer to invest 184 mln levs in Sofia commercial park

Commercial Park Sofia, 85%-owned by Britain's Winlan Bulgaria Ltd, has announced plans to develop a 24 ha site located between Sofia boroughs Lyulin and Filipovtsi into a commercial park. The 184 mln lev project has been granted ... More

WB supports local project of property digilization

World Bank office director in Tirana Camille Nuamah said during the proceedings of the Second Roundtable Business- Gov't that World Bank along with Swedish and Japanese governments are supporting a project to digitalize immovable ... More

PM to promote modernisation of Romexpo

Premier Calin Popescu-Tariceanu has criticised on Friday the management of the Romanian Chamber of Trade and Industry for its lack of initiative. He asked the institution to follow his requests and to build a modern exhibition ... More

REIT Properties Cap to invest in retail space

Real estate investment trust Properties Capital Investments will finance its maiden project with proceeds from an upcoming capital increase and with debt, shows the company prospectus released by the Bulgarian Stock Exchange. The ... More

Golf resort in Pomorie area

No part of the land earmarked by Cabland, a joint venture between the Pomorie municipality and NGB Consulting, for a golf development in the coastal city of Kableshkovo has been included in the Natura 2000 network of protected ... More

Esplanada development postponed two years

The agreement for the development of the Esplanada real estate project in Bucharest city centre with Hungarian company TriGranit might be approved before the end of this year and the actual building work may start in 2009, with a ... More

Bankruptcies risk for large real estate developers real

The real estate market is currently affected by the large number of offers, a number that surpasses by far the demand level. Consequently, price stagnation is expected for 2008-2009, a period that is also set to witness the first ... More

23,000 flats in ‘Condominium’ International Real Estate Fair

The offer already surpasses the demand, so specialists expect prices to stagnate in the following two years. Flats worth EUR 3.3 bln await clients in the 3rd edition of the ‘Condominium’ International Real Estate ... More

'Albinvest' presents local real estate market at 'Expo Real' fair

An Albanian pavilion has been set up at the annual world fair 'Expo Real' which opened in Munich (Germany) to present the cooperation platform with foreign companies interested in Albanian market, ATA News Agency reports. ... More

Bulgaria bad housing loans top 100 mln levs

Substandard and non-performing housing loans in the portfolios of the local commercial lenders have topped 105.7 mln levs, shows end-August data released by the central bank. The month-on-month increase in the value of bad ... More

EUR 40 M for residential complex in Brasov

The real estate market is on the rise in mountain areas as well. Real estate developer BSG Engineering & Development, set up in 1963 and involved in several luxury office and residential projects in Israel and abroad, has also ... More

Gardens Group to invest 440 mln euro in 5 housing projects in Bulgaria

Gardens Group has announced plans to pump 440 mln euro into five residential developments in Bulgaria. Local subsidiary Bistritza Gardens Ltd. Thursday broke ground for the group's second residential compound of the same name ... More

Bachelor hotel "Rad internacional" for sale on October 8

Privatization Agency has offered part of the bachelor hotel of company "Rad internacional" in Skender - beg Street in Belgrade for sale. Value of that part of property is 247.3m RSD. Deadline for delivery of bids is October 8 ... More