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Red Management’s Iasi Residential Complex Sells at EUR 6.4 million

The judicial liquidator put on sale through direct negotiation the complex Arena Residential in Iaşi, owned by the company Tătăraşi Arena, a Red Management Capital’s vehicle company, for a starting price of EUR 6.4 million.

Eurostat: Romania, second in EU in construction works advance in August

Romania in August 2013, compared with August 2012, had the second largest increase of construction works volume in the European Union, 8.9 percent, being outrun only by Hungary, where the construction works registered an annual growth of 14.6 per cent, as show the data presented by the European Office for Statistics (Eurostat).

Ibiza Sol Sells at EUR 33.3 Million

The creditors approved the reorganization plan of the residential complex Ibiza Sol, which stipulates the selling of the apartments, either on unit or block sale, for a total price of EUR 33.3 million, or the taking over of the project by Alpha Bank and Raiffeisen Bank, its financers, as payment back.

EC asks Romania and the Czech Republic to adopt national measures on energy efficiency in buildings

The European Commission (EC) has issued a formal request to Romania and the Czech Republic to ensure full compliance with their obligations under EU legislation on energy efficiency in buildings (Directive 2010/31/EU).

Strabag Estimates Turnover Fall to Approx. EUR 300 Million This Year in Romania

Austria’s group Strabag’s turnover in Romania will decrease this year to approx. EUR 300 million from EUR 350 million last year, due to diminishing number of projects on the market.

The Netherlands’ Embassy, First Tenant for Hermes Business Campus

The Netherlands’ Embassy in Romania will relocate in the first half of next year from 20 Aleea Alexandru to Hermes Business Campus, the first project of the real estate developer Atenor Group in Romania.

TPG and Ivanhoe Cambridge Buy PointPark Properties

Global private investment firm TPG and its partner, real estate company Ivanhoe Cambridge, announced it had acquired PointPark Properties (P3) from international investment company Arcapita.

Raiffeisen evolution To Buy Lands in Bucharest for Other Office Projects

Austrian company Raiffeisen evolution intends to buy plots of land in Bucharest for the development of average scale office buildings, following the completion of Floreasca City with the delivery today of Promenada Mall, EUR 130 million investments.

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