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Articles - real estate developments

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.

NEPI starts works on Timisoara mall

South African investment fund NEPI (New Europe Property Investments), one of the largest real estate investors on the local market, started works on a new mall in South Timisoara.

DTZ: Romania to reach 3 million sqm of modern retail space this year

Modern retail space supply in Romania this year will exceed 3 million sqm compared to 2.86 million sqm in 2013, according to DTZ Echinox data.

Romanian investor builds 330 apartments near Bucharest lake

Romanian developer Imob Construct Center is currently building a new residential compound in Bucharest, near Lacul Morii, the largest lake in Bucharest.

Israeli group resumes EUR 13 mln residential compound in Bucharest

Israeli real estate group Gindi decided to resume the construction of the residential compound GviTown in Bucharest, six years after the company launched the project.

Adama invests EUR 3 mln in new residential complex

Real estate developer Adama, owned by IMMOFINANZ Group, announces the official start of Evocasa Serenia construction, a new residential assembly consisting of 77 units and located in Bucharest’s Berceni area.

Turkish family to develop residential project on Turbomecanica plot

A Turkish family wants to develop a residential project toting up to 1.100 apartments on a 3.3 ha plot purchased from former Turbomecanica plant in Bucharest’s Militari neighborhood.

Bucharest’s District 1 City Hall to build EUR 12 mln commercial complex

Bucharest’s 1st district Market Administration is looking for a general contractor for a multifunctional complex on Mures street, that will include shops, a food market, offices and a kindergarten. According to Mediafax, the project will amount EUR 12.6 million, VAT included.
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