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Articles - real estate developments

Morad Group invests EUR 12 mln in two new Onix Residence blocks

Morad Group, one of the largest real estate developers in Romania, began the construction of two new blocks as part of Onix Residence, the investment being estimated at EUR 12 million.

Number of residential building permits slightly up in Romania

The Romanian state issued 3,355 building permits for residential houses in April, up 3.1% over March. The number went down by 0.5% year-on-year, according to the National Institute of Statistics.

NEPI doubles Constanta shopping mall area

South-African investment fund New Europe Property Investments (NEPI) will open in June the new wing of the shopping center City Park Mall in Constanta, after a EUR 40 million investment.

General Concrete secures EUR 6 mln loan for residential development in Bucharest

General Concrete Land Development has secured a EUR 6 million loan from Garanti Bank for the development of Sunflower Grand Apartments, a residential project in Bucharest. The funding was granted for a period of three years.

Italian steel factory invests USD 14 mln in training center in Romania

Italian steel factory Tenaris has invested USD 14 million (EUR 12.9 mln) in a training center for its 1,700 employees in Zalau, northwestern Romania.

Bulgarians to build shipping container homes in Bucharest

A Bulgarian company wants to build a shipping container building in Bucharest consisting of 100 social housing, for which it will use obsolete containers from shipping vessels, the price for a two room apartment being approximately EUR 12,000.

Real estate fair in Bucharest brings 250 projects with 15,000 units

Real estate developers and agencies will present between April 16 and April 19 some 250 projects with over 15,000 new units at the spring edition of the National Real Estate Fair tIMOn.

NEPI postpones the opening of Mega Mall for May 14

South African investment fund NEPI (New Europe Property Investments) will open the Mega Mall shopping center in the vicinity of the National Arena in Bucharest on May 14, the developer has announced. The EUR 165 million shopping mall was supposed to officially open on April 23.

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