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Articles - investitii imobiliare

Alpha Bank to become real estate developer for two residential projects in Bucharest

Alpha Bank, one of the top ten’s banks in Romania following the value of assets, founded a real estate division to be in charge with residential development. The bank is trying therefore to recover part of the money invested in the boom period in such projects, but the apartments price dropped with 40-50 pct. ever since.

Five investors bought properties of over EUR 500 million in Romania last year

Five investors - CTP, GLL, P3, Nepi and Globalworth – bought properties exceeding EUR 500 million in Romania last year of the total EUR 650 million registered for the entire Romanian market, according to real estate consulting firm JLL.

Iulius Mall invests EUR 3.5 mln into ‘new look’

Last year, the Iulius Management Center company invested over EUR 3.5 million for the redeveloping of specific areas within Iulius Mall Timisoara, according to company representatives. The works were carried out in parallel with those for the Openville urban ensemble that is located in its immediate vicinity and were recently completed.

Spanish group Hercesa resumes its residential investments in Bucharest

Spanish group Hercesa began the construction work of a new building within the Vivenda Residencias residential compound in eastern Bucharest, in the Titan area.

Investors could buy in Bucharest cheapest offices in Europe

The office market in Bucharest is the cheapest in Europe, according to a study made by the real estate consultant Knight Frank in 20 European cities, considering the office area 100 million dollars could buy.

Investment fund invests EUR 10 mln in revamping mall in Romania’s Craiova

The shopping center Mercur Craiova, owned by local investment fund SIF Oltenia, will be reopened in April this year after an extensive revamping process. The total investment amounts to over EUR 10 million.

Cosmopolis developer to invest EUR 20 mln in 500 new houses and shopping centre

Opus Land Development, developer of the Cosmopolis residential compound in north-east Bucharest, will invest approximately EUR 20 million in building 500 new houses within the residential compound, according to a press release from Coldwell Banker Affiliates of Romania, manager of the project since 2013.

Iulian Dascălu to complete two office buildings in Iași

Businessman Iulian Dascălu will complete in the first part of the year two new office buildings within United Business Center (UBC) complex in Iași, with a total of 24,000 sq. m, where 3,000 people will work, adding to the 3,900 employees already present in the complex.
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