Articles - real estate developments

Impact Developer to invest EUR 3 million in residential project in Northern Bucharest

Real estate developer Impact Developer & Contractor (IMP) has signed a contract for nearly EUR 3 million with the company Devbon SRL for the construction of nine residential buildings, which will be situated in the Northern Bucharest.

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.