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Articles - real estate developments

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’.

Belgian group invests EUR 110 mln in real estate project in Romania

Belgian developer Liebrecht & wooD will invest some EUR 110 million in a real estate project in southern Romania, near Bucharest.

IKEA starts works on office project in Bucharest

The real estate arm of Swedish furniture retailer IKEA recently started the work on a new project in Bucharest.

Real estate, constructions get a boost in Romania in 2015

Investors will continue to show significant interest in Romania’s real estate sector and construction work will resume in 2015, according to a PwC report.

Primavera Development bought a plot in Bucharest’s Dorobanţi area and enters residential segment

Primavera Development, company controlled by the Tănăsoiu family and Dutch Eelko Kortaweg, will start this year the development of its first residential project in northern Bucharest and also targets the opening of construction works for two new office buildings, one of which on a land of 2,300 sq. m recently bought on Calea Dorobanţilor.

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