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Articles - real estate developments

EUR 35 million loan for the development of the new Obor Mall

Businessman Florin Pogonaru intends to borrow EUR 35 million for the financing of the mal he intends to build near Obor market in Bucharest through its company Prodplast Imobiliare, whose capital should be increased with more than EUR 10 million for the same purpose.

Buzoianu takes EUR 10 million loans for Felinvest

The shareholders of the real estate development company Felinvest in Cluj-Napoca (FEL), controlled by the businessman Octavian Buzoianu, have approved two loans for real estate investments, with a total value of EUR 10.2 million.

Development possibilities in SEE

The SEE region offers investment possibilities across such countries as Serbia, Croatia and Romania with the office and industrial sectors providing potentially higher returns with increased risk than the more established but increasingly competitive markets in Central and Western Europe.

`Weekly, a new group of investors come to analyze the offers in the real estate market`

The office sector is the one with the best results during crises, and currently there are 15-20 new lease transactions signing every month, while by the end of the year there are expected even more acquisition contracts for these buildings, consider the real estate specialists during the European Real Estate Society (ERES) conference.

Globalworth buys 30,000 sqm of land in Pipera

Globalworth, real estate investment company founded by Greek businessman Ioannis Papalekas, bought several land plots totaling 30,000 square meters in northern Bucharest, for EUR 14.3 million, for commercial (office and retail) development.

The developer Tagor completed first phase of the residential project in Arad, EUR 5.5 million investment

The investment in the first residential building of the company in Arad is EUR 5.5 million and is financed by Volksbank. Upon the completion of the project with 12 buildings, the value of the investment will reach EUR 83 million.

New Investments: NEPI has nearly half a billion Euros for new projects

Investment fund NEPI has ongoing in Romania investments exceeding EUR 460 million in new projects or in existing projects expansions, with a total rentable area upon completion of more than 250,000 sq. m.

NEPI received the construction permit for EUR 37 million office project near Government

South-Africa’s investment fund NEPI, which reached a real estate portfolio of approx. 1 billion Euros on the local market, has received last week the construction permit for the development of an office building near Government headquarters in downtown Bucharest, a project involving an investment of approx. EUR 37 million.

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