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Benta family to build office building for E.ON

The Benta family announced it would develop an office building called E.ON Tower in the city of Targu Mures for the natural gas and electricity supplier.

Tagor Builds in Timisoara 1,200 Apartments with EUR 110 Million

Real estate developer Tagor started the construction of the third residential complex in Romania, in Timisoara, within an investment plan of EUR 100 million.

Garanti Extended Lease in Novo Park

The group Garanti Romania has extended with five years its lease for the headquarters within the business park Novo Park, developed by Genesis Development in Pipera area in Bucharest.

Vectra Service files for insolvency

Romania’s Vectra Service, one of the biggest constructions company, filed for insolvency on Wednesday, due to falling road public acquisition contracts, which generated the bulk of business, and low private investments in the Brasov area.

AFI Europe’s Retail Assets Market Value in Romania

The two malls in Romania of the Israeli developer AFI Europe, situated in Bucharest and Ploiesti reached a total market value of EUR 433 million.

Top 3 Cities in the Country with Strong Potential for the Office Market Development

Most of the available office spaces are in Bucharest, but large cities in the countryside have a big development potential, according to CBRE research on labour market and office spaces in Romania.

The Developer of Casa Radio Project in Bucharest entered Insolvency

Plaza Centers, the developer of Casa Radio in Bucharest entered judicial reorganization under the protection of the Dutch bankruptcy law, in order to solve the liquidity problems the company is facing, the Israeli investor announced.

Adama to Develop New Residential Building in Iasi, with EUR 1.7 Million

Real estate developer Adama, fully owned by Immofinanz Group, started the construction works for the last development phase of the residential complex Copou Bellevue in Iasi.

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