Articles - investitii imobiliare

Immofinanz to develop a new commercial center concept in Romania

The Austrian group Immofinanz wants to bring a network of small size commercial centers, a concept it intended to develop before the beginning of the financial crisis. The development in the Romanian market has in view retail and logistic projects.

Ovidiu Sandor started the construction of the last building of CBC Timisoara with EUR 26 million EU funds

Businessman Ovidiu Sandor started the construction of the fifth building in City Business Centre Timisoara, a project bought by the investment fund NEPI.

NEPI’s plans for EUR 100 million obtained through capital increase

South-Africa’s investment fund NEPI, one of the most dynamic investors in the Romanian real estate market, intends to use half of the amount of EUR 100 million obtained through capital increase for paying back loans, the rest of the money targeting new acquisitions.

The reconversion of City Mall to offices nearing completion

Greek businessman Ioannis Papalekas has another EUR 2.8 million to invest for the completion of the reconversion works of City Mall to office spaces, the project being scheduled for opening this autumn.

Land prices for real estate investments, down in H1 2014

The prices of the lands for real estate projects development have decreased with an average of 4 pct compared to the similar period of last year, in Arad (-14%), Alba Iulia (-10%) and Targoviste (-10%) being registered the most significant reductions, while in Bucharest they only went down with 2 pct.