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Articles - real estate developments

Anchor Grup plans to resume works on Metropol office project

Real estate developer Anchor Grup, part of Turkish Fiba Holding, is in the process of selecting a contractor and could resume works on the 35,000 sqm Metropol office project in western Bucharest this autumn.

Adama completed last phase of residential compound in Iasi, following EUR 1.7 million investment

Real estate developer Adama, controlled by the Austrian group Immofinanz, completed the construction of the last phase of the residential complex Copou Bellevue in Iasi, following EUR 1.7 million investment sustained from own resources, the complex including 170 units, 75 pct sold.

Works on Veranda shopping center in Bucharest to start next week

Construction works on Veranda shopping center, developed by Romanian businessman Florin Pogonaru in Obor area in Bucharest, will start next week, reports local Mediafax.

Smaller projects of a big investor

The company Globalworth, controlled by the Greek businessman Ioannis Papalekas, also includes in its portfolio smaller projects, apart the plans of several large office buildings, two of them being part of the brand Development 1.

Immofinanz to develop a new commercial center concept in Romania

The Austrian group Immofinanz wants to bring a network of small size commercial centers, a concept it intended to develop before the beginning of the financial crisis. The development in the Romanian market has in view retail and logistic projects.

Carrefour and NEPI open Vulcan Value Centre on September 4

Real estate investment fund New Europe Property Investments (NEPI) and Carrefour Romania will open on Thursday the Vulcan Value Centre shopping park in south-west Bucharest.

Ovidiu Sandor started the construction of the last building of CBC Timisoara with EUR 26 million EU funds

Businessman Ovidiu Sandor started the construction of the fifth building in City Business Centre Timisoara, a project bought by the investment fund NEPI.

NEPI’s plans for EUR 100 million obtained through capital increase

South-Africa’s investment fund NEPI, one of the most dynamic investors in the Romanian real estate market, intends to use half of the amount of EUR 100 million obtained through capital increase for paying back loans, the rest of the money targeting new acquisitions.

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