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Turkish family to develop residential project on Turbomecanica plot

A Turkish family wants to develop a residential project toting up to 1.100 apartments on a 3.3 ha plot purchased from former Turbomecanica plant in Bucharest’s Militari neighborhood.

Office buildings chosen for relocation in 2014

Esop Corporate, the corporate division of the real estate consultant, announced the completion of seven office transaction large than 1,000 sq. m, totalizing approx. 14,000 sq. m, from a total of more than 70 transactions of the company for approx. 40,000 sq. m.

UniCredit plans to sell real-estate properties worth EUR 2.5 bln in the next two years

Italy’s UniCredit SpA banking group plans to sell real-estate properties worth EUR 2.5 bln, against the backdrop in which the main Italian bank is looking for ways to strengthen its balance sheet, Bloomberg informs.

Bucharest’s District 1 City Hall to build EUR 12 mln commercial complex

Bucharest’s 1st district Market Administration is looking for a general contractor for a multifunctional complex on Mures street, that will include shops, a food market, offices and a kindergarten. According to Mediafax, the project will amount EUR 12.6 million, VAT included.

Romanian real estate market to enter sustainable growth period in 2015, says Colliers International

After a record year for the local real estate sector in 2014, the market is now entering a sustainable growth period, said Ilinca Paun, managing director of Colliers International Romania on Thursday during the launch of the firm’s annual market report.

Romania’s Government to drop dividend tax next year

Romania’s Government plans to eliminate the taxation of dividends distributed by companies in Romania starting January 1, 2016. The proposal is part of the new Fiscal Code project that was presented by the Government on Wednesday, February 18.

Metrorex allocates EUR 8.6 mln for airport subway line

Metrorex, with an investment budget of nearly RON 2 billion (EUR 450 million) in 2015, will allocate RON 38.5 (EUR 8.6 million) for the subway line project that will connect Gara de Nord stop to the Henri Coanda airport.

Joint venture invests EUR 5 mln in Bucharest residential project

A joint venture between a Spanish company and a Romanian businessman develop a 56 apartments’ residential project in Popa Nan area in Bucharest, an investment amounting EUR 5 million.

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