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Articles - real estate developments

Pazo makes first step in the real estate development market in Romania

The owners of Pazo group, specialized in ceramic tiles and sanitary items distribution, intend to enter the real estate segment, considering the revival of the segment.

Major changes in the top of the largest buildings owners in Romania

The leaders of the three commercial segments of the real estate market in Romania, emerged before 2009, seamed unbeatable after the crises came, but they were however dethroned in a record time, by investors which are hard to overtake.

Carrefour signs with Canadian investor to open new hypermarket in Bucharest

French retailer Carrefour has agreed with Romanian-Canadian group Benevo, owned by the Canadian investor Michael Topolinski, to open a new hypermarket in the Victoria City shopping mall.

NEPI raises EUR 130 mln for investments in Romania

South-African real estate developer NEPI announced on October 5 a EUR 65 million capital increase, but managed to get twice that amount from investors on the Johannesburg Stock Exchange.

Bucharest mall developers get EUR 83 mln loan

Real estate developers Sonae Sierra and Caelum Development will receive a EUR 83 million loan from the Austrian Bank Hypo NOE Gruppe Bank, thus securing their financing to build the ParkLake mall in eastern Bucharest. Hungarian bank OTP Bank and its local subsidiary will guarantee the loan.

Real estate developer Maurer Imobiliare is looking for partners in order to expand in Romania

Real estate Maurer Imobi­liare, founded by the businessman Simon Maurer, has appointed the investment the investment adviser Capital Partners to find a strategic partner to sustain the company’s intention to expand in all Romania.

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.

Austrian constructor enters real estate development in Romania

Austrian construction group Strabag has decided to enter the Romanian real estate development market by taking over the local team of real estate developer Raiffeisen Evolution. The new employees will become part of Strabag’s Romanian branch and will constitute a separate department.
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