property
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Malaxa and Ausnit heirs claim $400m in Property Fund shares
The heirs of Nicolae Malaxa and Max Ausnit, two of the biggest industrialists of interwar Romania are claiming damages for the fortunes seized by the communist regime, in the form of shares...
Property Fund demands 1bn-euro guarantees
Management companies, which will take part in the tender to take over the Property Fund (Fondul Proprietatea), might have to offer guarantees worth at least one billion euros to be able to e...
Eurisko: property investments could reach 1bn euros
High yields on the real estate market will trigger an investment boom in the field, which could reach a billion euros. "The Romanian real estate market will attract investments estimated at...
Property Fund to float in one month
The Property Fund (Fondul Proprietatea), forecast to become the most important business on of the capital market over the next few years, will float on the Bucharest Stock Exchange in a matt...
NBR keeps an eye on skyrocketing property prices
The real estate market might show signs of overvaluation. This is the message implied by NBR Governor Mugur Isarescu. The central bank''s top man stated that the institution he runs would co...
Property Fund''s first profits total 200m euros
The Property Fund established at the end of last year has already made a profit of approximately 200 million euros, at least on paper, for those that will get shares as compensation for the...
Reimbursement for confiscated property could redraw rich list
The value, calculated in euros, of the largest reimbursement certificate issued by the Romanian state for property seized abusively during the communist regime is a figure of no less than ni...
Nicolae Ivan appointed head of Property Fund
Nicolae Ivan was appointed chairman of the Supervisory Board of the Property Fund on December 23, 2005. He handed in his resignation as state secretary within the Ministry of Public Finance...
50m-euro property fund
Ged Capital and Warburg Pincus investment funds willinvest approximately 50 million euros in real estate in SE Europe through a joint venture, with the main target being the Romanian market....