Romanian Real Estate News – Wednesday 16/11/2022

Romanian Real Estate News


NEPI Rockcastle, a leading investor and developer of commercial property in Central and Eastern Europe and the largest shopping mall owner in Romania, has opened flexible office spaces in five shopping centers in Romania. The first unit is now open in Promenada Mall, Bucharest.


-Building materials producer Cemacon Cluj, a company controlled by local entrepreneurs Paval, owners and founders of DIY network Dedeman, posted RON178 million turnover in Jan-Sept 2022, up 34% y-o-y, and RON61.2 million profit, up 45%.

-Bucharest-listed Meta Estate Trust, a holding company operating in the real estate field, ended the first nine months of 2022 with total revenues worth RON11.3 million, more than six times higher y-o-y. Its net profit stood at RON3.7 million, shifting from losses (RON699,266) to profit.

-Real estate developer Cometex, has completed the sale of Bucovina shopping centre of Suceava to businessman Andrei Mandachi, with the value of the deal standing at EUR7 million, Ziarul Financiar reported.