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Articles - real estate developments

Practic plans to invest in office, residential and retail spaces in Bucharest

Practic Bucharest, a Romanian real estate player, aims to expand its assets on the property market, according to a company's release.

Three Romanian entrepreneurs join forces in real estate business

Ionuţ Dumitrescu, Johny Jabra and Geo Mărgescu, three entrepreneurs who sold to foreigners properties in Romania exceeding EUR 100 million are now putting together their assets in order to entry the competition with real estate giants. They aim offices and residential developments.

Biggest Romanian mall owner announces EUR 220 mln mega-investment in Timisoara

Iulius Group, the biggest Romanian mall owner, will splash the cash on a mega real estate project in Timisoara, Romania’s fourth largest city. Romanian entrepreneur Iulian Dascalu, one of the country’s first mall developers, controls the Iulius Group.

Orhideea area, next office development pole in Bucharest

On the plots of the former industrial platforms in central-western Bucharest, offices will be developed for 20,000 employees.

Prodvinalco develops EUR 5 million real estate project in downtown Cluj-Napoca

The construction will be completed in the end of 2016.

The Park project’s developer in Bucharest considers new residential and office projects

Lithuania’s real estate developer Hanner Group, which is currently building the residential project The Park near Tineretului Park in Bucharest, will deliver by the end of the year the second building within the project and will start works for the third building,

NEPI expands Severin Shopping Center

Real estate investment fund New Europe Property Investments (NEPI) announced today the expansion of the Severin Shopping Center mall.

Developers of City Point project are preparing new investments exceeding EUR 100 million in Romania

Israeli companies Shikun & Binui and Red Sea Group, the developers of the residential complex City Point, situated in Aviaţiei zone in Bucharest, plan to build together starting 2017 approx. 1,800 apartments on the plot they own behind the headquarters of Traffic Police in Bucharest, where they have already developed two blocks and still working for the third, while the works for the fourth will begin in July.

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