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Articles - investitii imobiliare

Ioannis Papalekas intends to buy Automatica land in Floreasca

Real estate investment fund of Global Finance is in advanced negotiations with Ioannis Papalekas, one of the biggest investors on the Romanian real estate market, for the sale of the project (land) Auto­matica/ Ford Building in Calea Floreasca from Bucharest, according to sources in the market.

European non-listed property funds deliver best performance since 2006

European non-listed real estate funds delivered their best performance since 2006 last year, according to INREV. The industry body’s annual index recorded an 8% return, the highest since before the financial crisis.

NEPI doubles Constanta shopping mall area

South-African investment fund New Europe Property Investments (NEPI) will open in June the new wing of the shopping center City Park Mall in Constanta, after a EUR 40 million investment.

General Concrete secures EUR 6 mln loan for residential development in Bucharest

General Concrete Land Development has secured a EUR 6 million loan from Garanti Bank for the development of Sunflower Grand Apartments, a residential project in Bucharest. The funding was granted for a period of three years.

Spanish developer starts office building downtown Bucharest

Spanish real estate developer Hercesa could start this year the construction of an office building in downtown Bucharest. The company is currently negotiating with an IT company to sign a pre-lease contract for half of the building.

Real estate fair in Bucharest brings 250 projects with 15,000 units

Real estate developers and agencies will present between April 16 and April 19 some 250 projects with over 15,000 new units at the spring edition of the National Real Estate Fair tIMOn.

Real estate transactions amount to EUR 30-40 mln in Q1, says DTZ

The transactions with offices, shopping centers, logistics parks, plots of land totaled in the first quarter EUR 30-40 million, a level similar to the one recorded in the same period of 2014 of EUR 270 million, if excluded the intragroup acquisitions made last year by businessman Ioannis Papalekas.

Bucharest attracts 70 pct of Romania’s total real estate investment volume in 2014

Romania’s total real estate investment volume last year exceeded EUR 1.3 billion, up 4.3 times against 2013. According to DTZ’s Property Times Romania Investment 2014 report, this is the largest investment volume recorded since 2008 and the second highest ever recorded in Romania. Approximately 70 percent was registered in Bucharest.

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