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Owner of Green Gate office building pays back EUR 10 million of its construction loan

Owner of Green Gate office building pays back EUR 10 million of its construction loan

S Group has increased the capital of the Romanian company Green Gate Development, the developer of an office Building in Bucharest, with EUR 9.85 million. The amount is used to pay back part of EUR 14.6 million loan took in 2007.

First ski slope in a mall in Romania

First ski slope in a mall in Romania

Investment fund New Europe Property Investments (NEPI), largest real estate investor in Romania considering the value of its assets, has included a ski slope within Shopping City Timişoara, to be opened for public in the end of this month. This is the first ski slope included in a Romanian mall.

Mall with offices, the new bet of Bucharest’s developers

Mall with offices, the new bet of Bucharest’s developers

„The mall and associated parking spaces increase the attractiveness for everything around them. The attractiveness of a mixed-use project is higher than of a simple one“.

Skanska Romania acquires land in west-central area of Bucharest

Skanska Romania acquires land in west-central area of Bucharest

Skanska Romania announced the completion of a transaction for a new plot of land in the west-central area of Bucharest.

Iulius Group to build 9,000 sqm building in Palas Iasi complex

Iulius Group to build 9,000 sqm building in Palas Iasi complex

Palas Iasi will expand to a 62,000 sqm GLA through the addition of United Business Center (UBC) 6, a 9,000 sqm Class A office building, shows a statement by the developer Iulius Group.

Bog'art, general contractor for the office project Gara Herastrau

Bog'art, general contractor for the office project Gara Herastrau

Globalworth Real Estate Investment Fund Investments, controlled by businessman Ioannis Papalekas announced that it has appointed Bog'art as general contractor for the construction of the Gara Herăstrău office building.

Alpha Group and TBE Business Solutions, investing €80m in Timisoara

Alpha Group and TBE Business Solutions, investing €80m in Timisoara

Alpha Group Investments Ltd together with TBE Business Solutions is developing a new project in Timisoara in western Romania

Main developments on the Romanian real estate market in 2014

Main developments on the Romanian real estate market in 2014

Real estate developers focused more on office projects in Romania this year, and less on retail and logistics projects.

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