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Articles - real estate developments

MetroCity Academiei to be completed next year following EUR 10 mln investment

Real estate developer with domestic capital Construct Aprodex will invest approximately EUR 10 million in MetroCity Academiei, a residential project located near the Military Academy in Bucharest.

Strabag to construct first two office buildings of Oregon Park project in Pipera

Austrian group Strabag, which became in the last years the largest player on the local construction market, will build the first two office building of the project Oregon Park in northern Bucharest, an investment of Portland Trust, group controlled by British Robert Neale.

GTC plans to invest EUR 33 mln in two real estate projects in Bucharest

Polish real estate developer Globe Trade Centre (GTC) aims to draw from shareholders at least EUR 144 million through a capital increase to finance new investments, including two projects in Bucharest, valued at about EUR 33 million.

5,000 apartments to be built in South Bucharest by 2016

Several Romanian investors want to develop by next year 5,000 apartments in the South of Bucharest, for the first phase having been bought plots of about 15 hectares, and the first blocks will be available for sale this year.

First mall opening in Romania this year: 150,000 visitors expected this weekend

The Coresi Shopping Resort, the first mall opened in Romania this year, expects over 150,000 visitors this weekend, the first after its opening.

City Park Mall Constanta to be extended by December 2015

South-African investment fund NEPI (New Europe Property Investments) started working on the extension of City Park Mall Constanta (South-Eastern Romania).

Tagor delievers first phase of Adora Pipera project

The first phase of the residential complex Adora Pipera, an investment financed by the British fund Patron Capital, with assets worth billions of Euros, was completed and handed over to the developer, Tagor, which started the sale process.

Radu Dimofte invested EUR 2.5 million in office building downtown Bucharest

The company Wellkept Imobiliare, controlled by the businessman Radu Dimofte, completed the construction of an office building of five stories on Nicolae Balcescu Blvd. downtown Bucharest, across the road from Dalles Hall, an investment of EUR 2.5 million, 50 pct rented.

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