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Articles - real estate development

SPEEDWELL strengthens its position on the local market through new acquisitions, developments and product sales

SPEEDWELL, a reference player in the Romanian real estate market, announces the projects carried out in 2022 and the development plan for the new year.

Caba Grup expands the 102 The Adress mixed project and doubles the investment to 100 million euros

The Turkish developer Caba Group, known on the local market for the high-end residential project 102 The Address, will invest over 100 million euros in the development of the second phase of the project - a mixed destination of residential, office and retail.

Speedwell starts Record Park, a 42 million Euros mixed use project in Cluj - Napoca

Real estate developer Speedwell started the construction works of Record Park, the first mixed use development and urban regenerating project in Cluj – Napoca. The development process will attract an investment of 42 million Euros, the completion date of the entire project being due for the second quarter of 2020

Immochan considers acquiring three plots for malls in Romania

French real estate developer Immochan ponders acquiring three pieces of land to build new shopping centers on the local market, and the investments could amount to EUR 300 million, reports local Economica.ro.

Impact Developer&Contractor SA records 237 percent increase in net profit

Impact Developer & Contractor SA has reported 237 percent increase in net profit and incomes of over RON 123 million in Q3 2016. According to the company, 94 percent of sales were generated by Greenfield, one of the bestselling residential projects in Bucharest.

The EUR 60 mln Veranda shopping mall opens in Bucharest

The 30,000 square meters Varanda shopping mall that Prodplast Imobiliare, controlled by Romanian businessman Florin Pogonaru, has been developing in the Obor area of Bucharest officially opened on 27th of October.

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