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Articles - new office developments

Alpha Bank and Ali Ergun Ergen increased with 40 pct. Timișoara Centrum’s project area, investment to reach EUR 90 million

Alpha Group Investments, a division of Alpha Bank group, and the company TBE Business Solutions, controlled by Ali Ergun Ergen, will invest EUR 90 million in the real estate mixed-use project Timișoara Centrum, with a rentable area of nearly 70,000 sq. m, modifying the initial concept which involved 40 pct less area and EUR 80 million investments.

Skanska: We’ll start in 2016 a phased office project in Politehnica area. The zone will be a new office hub

Swedish group Skanska, the developer of the office project Green Court in Floreasca - Barbu Văcărescu area in Northern Bucharest, intends to start a new office project next year, near the metro station Politehnica in Bucharest, where it has recently bought a 2.1 ha plot.

IKEA’s office project in Timpuri Noi neighbourhood in Bucharest becomes visible

The office project developed by Vastint Romania, the real estate division of Inter IKEA group, controlled by Swedish billionaire Ingvar Kamprad, on the plot of the former Timpuri Noi factory in Bucharest is becoming visible, as the foundation works are now carrying out.

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 starts construction on Openville Timisoara mixed-use ensemble

Iulius Group announced the start of construction works for the Openville mixed-use project, in the immediate vicinity of Iulius Mall Timisoara. Over EUR 220 million will be invested in the urban ensemble, this being the largest infusion of private capital in the real estate industry in western Romania.

Czech developer plans new developments in Bucharest

Czech developer S Group Holding, which completed the Green Gate office project in Bucharest last year, is interested in developing a new office building in the central-west area of the capital and a residential complex with 2,500 – 3,000 apartments in northern Bucharest.

OpenVille Timisoara announces the beginning of construction works

After having completed the layouts and obtained the necessary construction permits, the company Iulius Group announces the beginning of works for the mixed-use project Openville Timisoara.

Ţiriac took over his partners’ share in the office project in Victoriei Square, Bucharest

A company within Ţiriac Imobiliare, the real estate division of the businessman Ion Ţiriac, took full control over the office project Buzeşti Center near Victoriei Square in Bucharest, an investment estimated to EUR 30 million.

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