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Articles - dezvoltari imobiliare

Globalworth buys 30,000 sqm of land in Pipera

Globalworth, real estate investment company founded by Greek businessman Ioannis Papalekas, bought several land plots totaling 30,000 square meters in northern Bucharest, for EUR 14.3 million, for commercial (office and retail) development.

The developer Tagor completed first phase of the residential project in Arad, EUR 5.5 million investment

The investment in the first residential building of the company in Arad is EUR 5.5 million and is financed by Volksbank. Upon the completion of the project with 12 buildings, the value of the investment will reach EUR 83 million.

New Investments: NEPI has nearly half a billion Euros for new projects

Investment fund NEPI has ongoing in Romania investments exceeding EUR 460 million in new projects or in existing projects expansions, with a total rentable area upon completion of more than 250,000 sq. m.

NEPI received the construction permit for EUR 37 million office project near Government

South-Africa’s investment fund NEPI, which reached a real estate portfolio of approx. 1 billion Euros on the local market, has received last week the construction permit for the development of an office building near Government headquarters in downtown Bucharest, a project involving an investment of approx. EUR 37 million.

EUR 5 mln to be invested in converting Bucharest historical building into retail and office center

FF Group Romania, the former Elmec Romania, has signed a EUR 4 million loan agreement with the local branch of Turkish Garanti Bank to finance the reconversion of a Bucharest historical building into a 5,000 sqm retail and office center, the bank announced today. The entire investment in the project will amount to EUR 5 million.

Residential and commercial demand for pavers is returning, says Symmetrica Romania

Although the market for pavers continues to be mainly fuelled by public and infrastructure projects, the beginning of the year has seen a “slight increase” of demand for pavers coming from residential and commercial projects, said today representatives of Romanian pavers and vibropressed borders manufacturer Symmetrica.

IKEA has the construction permit for Timpuri Noi project

Interprime Properties, the real estate division of IKEA group in Romania, has the construction permit for the project on the platform if the former Timpuri Noi factory in Bucharest.

Florescu, The Advisers: Răzoare Underground will sustain the office development in the area

Horaţiu Florescu, the president of the real estate consultancy company The Advisers Knight Frank and one of the most experienced brokers on the office market, is betting on the development of the area Politehnică - Răzoare - Trafic Greu as a business destination, considering the transactions signed in the last years as well as the underground Drumul Taberei - Eroilor which will enable the access to the area from other districts of the city.

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