RESIDENTIAL
Cluj-Napoca, a city in northwestern Romania, remained the most expensive city in terms of apartment prices, as asking prices of residential properties rose slightly in the first quarter, by 0.3% on the previous quarter and 1.7% y-o-y, according to real estate classifieds website imobiliare.ro.
INDUSTRIAL
The City Hall of Bucharest’s District 3 approved on Thursday (May 18) the increase of the capital of the limited liability company Algorithm Construcţii S3 by RON 50 mln (EUR 10 mln), money to be invested in the refurbishment of the industrial site Laminor Hall, Agerpres reported.
COMPANIES
Șerban & Musneci Associates has launched SMA Real Estate Kluster, bringing for the first time an integrated strategic and crisis communication, public affairs and reputation management services division, exclusively dedicated to the Romanian real estate market.
