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Articles - real estate developments

Alesonor sells first houses part of Amber Gardens high-end residential project in Bucharest

Alesonor completed this November the first six houses part of the Amber Gardens high-end residential project it is developing next to Bucharest in the Otopeni-Tunari area. Out of these, four have already been sold, according to the developer.

Biggest business park in Romania

According to market information, the Bog’Art constructions company has started last week to demolish the former administrative buildings of the Farmexim pharmaceutical group. In their place, Ioannis Papalekas will build the biggest business center in Romania.

NEPI opens EUR 30 mln shopping mall in Targu Jiu this Thursday

Real estate investment fund New Europe Property Investments (NEPI) will open this Thursday a shopping center in Targu Jiu, southern Romania, following a EUR 30 million investment, according to Mediafax.

Euromall developing luxury residential project in downtown Bucharest

Real estate company Euromall will be developing a luxury residential project, Vernescu Residence, in downtown Bucharest. This is the first residential investment for the local developer controlled by Israeli investors.

Impact SA to start residential project on EUR 9 mln plot of land in Bucharest

Romanian real estate developer Impact will start a residential project on a 26,000 sqm plot of land close to the Barbu Vacarescu area in Bucharest which it bought for EUR 9 million, the company has announced. The money was raised following a share capital increase.

Dascălu develops a new office building on 15,000 sq. m near Palas Iaşi

Businessman Iulian Dascălu, the owner of the commercial centers network Iulius Mall and of the mixed-use project Palas in Iaşi, started this month in Iaşi the construction works for a new office building with a rentable area of 15,000 sq. m, scheduled for completion in the end of next year.

Tagor sold more than a half of the first phase of Adora Urban Village in more than a year since the project completion

More than half of the apartments in the first phase of Adora Urban Village project were sold in more than a year since the completion of the project.

IKEA real estate division changes name

Inter IKEA Property Division has announced the changing of the name of its nine companies, to be reunited under the name of Vastint. In Romania, the real estate division of IKEA was previously called Interprime Properties.

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