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The small city on the former Electronica factory plot in Bucharest

The transformation of the Electro­nica factory in Pipera into the office complex Iride represents, according to data from the real estate consultant Esop Con­sulting, the first large reconversion of a Bucharest factory, being at the same time the oldest and the most expanded in the future.

Romanian top banker holds EUR 2.2 mln shares in real estate fund

Dan Pascariu, chairman of the Supervisory Board of local lender UniCredit Bank Romania, holds over 171,000 shares in real estate fund NEPI, which has been the most active real estate investor in Romania in recent years.

Real estate developer Maurer Imobiliare is looking for partners in order to expand in Romania

Real estate Maurer Imobi­liare, founded by the businessman Simon Maurer, has appointed the investment the investment adviser Capital Partners to find a strategic partner to sustain the company’s intention to expand in all Romania.

EU funds for IT companies in Romania delayed again

Romanian companies in the IT&C sector will have to wait another month before they can submit projects to get EU funds through the new Operational Programme Competitiveness 2014-2020. The program will be open for applications starting November 2 instead of October 1.

Constructions will bring only 6-7% of Romania's GDP in the next years, CNP anticipates

The construction sector, a market of 9-10 billion euros which employs over 350,000 people will continue to have a share of 6-7% of the annual GDP for the next 5 years, far from the tops reached during the boom period when the industry generated 10-11%, according to data of the preliminary fall report of the Romanian Commission for National Prognosis (CNP).

Horizon Development Achieves Highly Acclaimed European Award for Eiffel Palace Office Building

The official results of the European stage of the International Property Awards 2015-2016 were announced at the Grosvenor House Hotel in Park Lane, London, on 22 September. Horizon Development is the national winner from Hungary, and competed against top developers from across the continent.

10,000 sq. m plot owned by Ana Residences, put on sale by ANAF

A plot of 10,000 sq. m, situated in Bucharest’s sector 1, was put on public sale by ANAF.

Alpha Bank and Ali Ergun Ergen increased with 40 pct. Timișoara Centrum’s project area, investment to reach EUR 90 million

Alpha Group Investments, a division of Alpha Bank group, and the company TBE Business Solutions, controlled by Ali Ergun Ergen, will invest EUR 90 million in the real estate mixed-use project Timișoara Centrum, with a rentable area of nearly 70,000 sq. m, modifying the initial concept which involved 40 pct less area and EUR 80 million investments.

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