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Articles - real estate developments

Year in Review: Real Estate

The total property investment volume in Romania increased to approximately EUR 1 billion in 2014, marking the highest annual level since 2008, according to pundits. Office has been by far the best performing real estate sector but there is good news coming from retail, logistics and industrial and residential as well.

Main developments on the Romanian real estate market in 2014

Real estate developers focused more on office projects in Romania this year, and less on retail and logistics projects.

Lear Corporation rented 12,000 sq. m production and office spaces in Iasi

American producer Lear Corporation, one of the main worldwide suppliers of chairs and electric distribution system for automotive industry, rented a production facility and offices on 12,000 sq. m within Solo Industrial Park in Letcani near Iasi, announced CBRE, the transaction broker.

Hercesa sold nearly 13,000 sq. m of land in Carrefour Orhideea area

Spanish real estate developer Hercesa concluded the selling transaction of a land of 12,700 sq. m to a buying vehicle owned by the real estate development company Primavera Development and Forte Partners.

Austrian constructor to build the EUR 180 mln ParkLake mall in Bucharest

The ParkLake shopping center developers, Portuguese company Sonae Sierra and Irish group Caelum, have chosen the Austrian company Strabag to carry out structural work for the mall located in the Titan district of Bucharest, an investment worth EUR 180 million, reports local Mediafax.

TriGranit intends to resume development in Romania, with an eye on Bucharest

TriGranit group, owned by Hungarian businessman Sandor Demjan and involved in several real estate projects in Romania during the market’s boom years, wants to resume investments on the local market and considers niche developments in capital Bucharest.

Cosmopolis project in NE Bucharest to deliver 400 new apartments in 2015

Turkish developer Opus Land Development wants to begin the fourth phase of its Cosmopolis project in Stefanesti next year. 800 apartments are to be constructed at this stage, worth EUR 18 million in investments, half of which will be delivered in 2015, writes ZF.ro.

Maurer Imobiliare finishes 90 apartments in Sibiu with another 180 on the way

German-based developer Maurer Imobiliare finished 90 apartments in their Sibiu residential complex and is set to deliver another 180 units by November 2015. 70 percent of the apartments have already been sold, the developer announced on Friday.

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