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Articles - real estate developments

S Group completed Green Gate office building in Bucharest, following EUR 55 million investments

The Czech company S Group Holding completed Green Gate office building near Chirigiu market, the largest office project to be delivered this year in Bucharest, including 31,000 sq. m rentable area, following EUR 55 million investments, according to Mediafax.

NEPI and Dedeman took 22 ha land in Timisoara from Cristescu brothers

South-Africa’s investment fund NEPI and the DIY retailer De­deman bought from the brothers Emil and Marius Cristescu and an Italian investor the 22 ha land of the former plastics factory Dermatina in Timişoara in a transaction estimated by ZF to EUR 15-20 million.

Skanska is looking for tenants and wants to buy more land in Bucharest

Swedish construction and development company Skanska has completed 80 percent of Green Court Bucharest’s first office building and is looking to buy more land in the capital.

Lidl is building a supermarket on the former beer factory plot in Bragadiru

German retailer Lidl, which operates in Romania a network exceeding 170 supermarkets, intends to build a new store on the former beer factory plot in Bragadiru, a construction being partly demolished since last year.

Real estate investments aimed by Globalworth in Romania

Globalworth, a company controlled by the businessman Ioannis Papalekas, active for 15 years on the real estate market in Romania and SEE invested EUR 72.6 million in real estate projects on the local market and has cashed out form these investments EUR 341.4 million (investments in 2001-2009). Currently the company has 10 investment objectives on the local market, including developing an office complex in Pipera and the acquisition of the office building occupied by UniCredit Tiriac Bank.

Papalekas took EUR 144 million from London for local market investments

Businessman Ioannis Papalekas, one of the most active investor in the local real estate market in the last years, attracted EUR 144 million on London Stock, funds to be used for investments, including for buying the office building UniCredit HQ in Bucharest.

QFort invests EUR 25 mln in a residential project in Craiova

Stefan Cherciu will invest EUR 25 million in a residential complex with 235 apartments about to be built in central Craiova. Stefan Cherciu owns Casa Nostra, manufacturer of Q-Fort thermal insulation systems.

Former GTC Romania’s head founded its own real estate development company and develop new office building in Bucharest

Former head of the real estate developer GTC Romania Shimon Galon founded a company together with several friends and former employees of GTC, which will deal with the development of its own real estate projects, but also for other investors.

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