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Tagor Develops another 200 Residential Units, although only 12 Units Sold in its First Project

Israeli developer Tagor, present on the Romanian market and supported by the British investment fund Patron Capital, will start in two weeks the construction works for two new residential projects.

A Czech Group Invests EUR 55 Million near Chirigiu Market in Bucharest

S Group Holding currently carries out one of the most important real estate investments in Bucharest, developing the office project Green Gate in the proximity of Chirigiu market.

Mrad Family to Invest EUR 20-25 Million in Residential Project near Orhideea Commercial Centre in Bucharest

Morad Group, controlled by the Mrad family, started this year the construction of a residential project including 456 apartments in the proximity of Orhideea Commercial Centre, a total investment of EUR 20-25 million, have declared Wall-Street.ro the company’s officials.

Argo Investment Funds Brings Decathlon in Sibiu and Suceava Commercial Parks

Investment fund Argo Real Estate, the owner on the local market of 270,000 sq. m rentable area in four commercial parks has reached an agreement with French company Decathlon for the rental of two premises in the parks from Sibiu and Suceava.

DTZ: Romania Only Attracts 0.5 Percent of the Real Estate Investment Capital in Europe

The available capital for commercial real estate investment in 2014 in Europe reached 120 billion dollars, with 6% higher than estimated six months ago, out of which Romania only gets less than 0.5%, according DTZ Echinox research.

Israeli Group Plans over EUR 10 Million Residential Projects in Bucharest

The company Meric Capital, an investment vehicle of Plotkin Projects from Israel, launched a residential project with green façade in Piata Romana area rom Bucharest, EUR 2.5 million investment and is planning to develop next year another two residential projects in Obor and Piata Muncii zoneso, also being the owner of an additional plot of land in Alba Iulia Square area.

Jones Lang LaSalle: A Quarter of the Commercial Centres Need Modernization

One of the reasons why the commercial centres in Romania currently face difficulties is that they did not adapt themselves to the retail market changes and didn’t take measures for their projects’ modernization, has declared Carmen Ravon, head of retail department within Jones Lang LaSalle (JLL).

EUR 17.5 Million Residential Project in Parcul Circului Zone

Several Belgian and Greek investors started this year the construction of a building with 100 residential units near Parcul Circului in Bucharest, the project’s value at its completion being estimated to EUR 17.5 million.

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