Alpha Bank Group has provided a €175 million financing to the British M Core for the acquisition of several shopping centres in Romania.
Prime Kapital Development and MAS PLC are preparing to open their new Mall Moldova project in Iași next month.
M Core Group has purchased seven strip malls in Romania from property investor MAS for an undisclosed sum. The projects with a combined leasable area of around 32,000 sqm have a full occupancy rate. The strip malls are based in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș and Gheorgheni.
MAS has entered an agreement for the disposal of all its strip malls in Romania to M Core Group for €49 million. The deal pending approval from local authorities could be completed by March 2025.
Consumer products brands are shifting from competing for visibility to competing for algorithmic selection, according to an EY report.
The Galați Court has approved the modified asset recovery plan for Liberty Galați, paving the way for the auction of one of Romania's most important industrial assets to resume.
Nuclearelectrica has completed the first continuous concrete pour for the permanent structures of the Cernavoda Nuclear Power Plant Unit 1 refurbishment project. The operation used approximately 3,470 cubic metres of concrete for the foundation, equivalent to about 380 concrete mixer trucks.
Fondul Proprietatea has exercised its pre-emption right and subscribed to 5.6 million new shares in National Company Administrația Porturilor Maritime (CNAPM), investing €10.8 million to maintain its existing shareholding percentage.
Romanian property developer Alezzi Group has completed the transfer of its concrete production operations to Heidelberg Materials Romania, the construction materials producers.