Austrian property group Immoeast has delayed delivery by at least a year of 10 shopping malls in Romania with a leasable area of 350,000 m2, Romanian business daily Ziarul Financiar reported, quoting partners in the projects. The postponement is due to the collapse of the real estate market in Romania stemming from the credit crunch and a lack of demand from retailers, the partners told the newspaper.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
