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Articles

Alpine Bau declares bankruptcy

Alpine Bau, the second largest Austrian construction company, declared bankruptcy after failing to negotiate a restructuring plan with its creditors. Its Czech branch, Alpine Bau CZ, however, insists that for now that the bankruptcy proceedings will not affect its business in the Czech Republic.

New mall construction starts in Bucharest

The Canadian companies Benevo and CD Capital Partners, which have announced that this summer they would start the construction of their project Victoria City Lifestyle Retail Center, started the demolition and cleaning the site works in the close vicinity of the Jiului metro station in Bucurestii Noi neighbourhood.

Skanska commences construction on Riverview office building

Skanska Property Czech Republic has started construction on the Riverview office building in Smíchov, Prague 5. Once completed, it will offer 7,000 sqm of modern, energy-efficient office space. The building, designed by the Tengbom architecture studio, was designed with the goal of achieving minimum LEED Gold certification.

Adgar Group purchases the Ochota Office Park in Warsaw

The Adgar Group is further investing in Warsaw with the purchase of the Ochota Office Park office complex from Mahler Project International. The acquisition includes a 36,350 sqm plot with three office buildings offering a total of about 40,000 sqm of office space and 1,000 parking places.

Marubeni investing in €150m power plant

In an investment worth €150m, thermal power producer Electrocentrale Bucuresti (ELCEN) and Japan’s Marubeni Corporation announced plans to build a power plant in Fantanele, according to Agerpres.

Europa Capital announces Windsor Sale

Europa Capital announces that the joint venture between Europa Fund II and St Congar Properties Ltd has sold its freehold interest in Imperial House, 67 Alma Road, Windsor to NFU Mutual Insurance Society Ltd for an undisclosed price.

Biggest real estate investors with former communist factories in their portfolio

The biggest ten former factories owners, bought for real estate development have invested over EUR 800 million in the last eight years for 40 former industrial platforms in Romania.

Direct foreign investment 35% down in 1Q 2013

Direct foreign investment totalized EUR 322 million in the first four months, with almost 35% down from the similar period of last year, where a level of EUR 494 million was registered, according to a release of the National Bank of Romania.

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