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Articles - real estate developments

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.

Over 7,000 new apartments to be delivered this year in Bucharest

A total of over 7,000 new apartments will be delivered this year in Bucharest and the surrounding area, a volume higher than the one reported during the boom years, estimates real estate consultancy firm Coldwell Banker.

IKEA’s Swedish billionaire to start real estate project in Timpuri Noi district

Real estate company Vastint, part of IKEA group, controlled by the Swedish billionaire Ingvar Kamprad, started the selection process of the constructor for the new real estate project situated on the former Timpuri Noi platform in Bucharest, four years after the Swedish bought the plot of land.

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.

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