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Articles - real estate developments

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.

Romanian real estate market to enter sustainable growth period in 2015, says Colliers International

After a record year for the local real estate sector in 2014, the market is now entering a sustainable growth period, said Ilinca Paun, managing director of Colliers International Romania on Thursday during the launch of the firm’s annual market report.

Joint venture invests EUR 5 mln in Bucharest residential project

A joint venture between a Spanish company and a Romanian businessman develop a 56 apartments’ residential project in Popa Nan area in Bucharest, an investment amounting EUR 5 million.

‘Beverly Hills’ near Bucharest with EUR 12 million

Romanian investor Dragos Cinca wants to build this year about 40 villas, part of a residential complex located in Corbeanca, near Bucharest. He calls this area ‘Bucharest’s Beverly Hills’.
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