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Articles - real estate developments

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.

Bucharest’s Mega Mall to open on April 23

The EUR 165 million shopping mall developed by New Europe Property Investments (NEPI) in Bucharest will officially open on April 23, the company has announced.

Insolvent real estate project in Romania posts EUR 76 mln debts

The real estate project Pipera City, currently under insolvency, has amassed EUR 76 million debts, EUR 27 million of which to the local bank Bancpost, reports local Wall-street.ro.

Romania plans huge compound for justice HQ

Romania plans to build ‘Headquarters for Justice’, a EUR 270 million compound that will host legal institutions.

Green light for shopping center behind historical building in Bucharest

The Bucharest City Hall has given the green light for a 12,000 sqm shopping center behind the Stirbey Palace on Calea Victoriei, downtown Bucharest.

Rising transactions encouraged developers to begin new projects

The number of luxury dwellings in Bucharest grew by 12%, encouraging developers to begin big projects, according to Nordis representatives, a company with a portfolio of 2,500 properties in central areas.

AFI Europe delivers third building of AFI Park in Bucharest

Real estate investment and development company AFI Europe has completed the third building of its AFI Park office project in Bucharest, the company announced on Tuesday.

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