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Swiss investor develops residential project in downtown Bucharest

A Swiss investor is currently developing a 13-apartment residential building on Batistei street in downtown Bucharest. Apartment prices reach EUR 540,000, while a parking space will be sold for EUR 25,000, the average value of a studio-apartment in a semi-central area in the Capital.

The Advisers/Knight Frank: Real estate transaction volume will increase this year up to EUR 800 million

Romania could register this year real estate transaction of approx. EUR 800 million, a spectacular growth compared to the crises year 2009, an evolution also influenced by the global revival of the real estate market, considers Horaţiu Florescu, executive manager of The Advisers/Knight Frank.

Endava moves its Romanian IT center in Cluj-Napoca to larger offices, will add 300 more people

British IT services provider Endava recently inaugurated its new headquarters in Cluj-Napoca, in central Romania, which is now the group’s largest center, hosting 550 employees.

Over 1000 new housing units available in Bucharest

Four new projects developed in Bucharest, totaling 1,100 housing units, are now available for sale. The projects have been launched at the Timon real estate fair, Mediafax reports.

Renault signs lease extension with North Gate for 20,000 sq m

Renault Technologies Europe has agreed to extend their lease terms until 2018 in North Gate Office Building, Pipera Boulevard, according to an announcement from Creativ Invest Group.

NEPI opens EUR 30 mln shopping mall in Targu Jiu this Thursday

Real estate investment fund New Europe Property Investments (NEPI) will open this Thursday a shopping center in Targu Jiu, southern Romania, following a EUR 30 million investment, according to Mediafax.

Tagor to deliver first phase of EUR 57.6 mln Pipera residential project this December

Israeli real estate developer Tagor will deliver this December 76 apartments part of a new residential project it has begun building in Pipera, northern Bucharest.

Imotrust Arad could acquire the 2.6 ha plot of Polsib publishing house in Sibiu

The shareholders of Polsib Sibiu publishing house will gather in November in order to decide over three options of the fusion of the company, one of the proposals being the absorption of the publishing house by the real estate developer Imotrust.

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