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Articles - real estate developments

EUR 40 mln real estate project to be built on the grounds of former Grivita brewery in Bucharest

Kiseleff Development wants to build a EUR 40 million real estate project on the grounds of the former Grivita brewery in downtown Bucharest and over the ‘next period’ it will begin works to clear the site, announced today representatives of Element Development, the project’s developer.

Korona Mall Braşov, postponed again

Construction works for Korona Mall in Braşov will not start this year, as scheduled.

Cosmopolis owners bought a land on Barbu Văcărescu St. for a residential building development

Turkey’ Buyukhanli family, the developer of residential complex Cosmopolis in Ştefă­neşti village, northern Bucharest has recently bought a land of more than 2,000 sq. m on Barbu Văcărescu St. in Bucharest, with the intention to start this year the construction works for a building with approx. 100 apartments.

Austrian S+B Gruppe to build EUR 17.5 mln hotel next to Otopeni airport

Austrian developer S+B Gruppe is planning to start the construction of a 250-room hotel next to the Henri Coanda (Otopeni) airport in Bucharest by the end of this year or in early 2015, after finally obtaining the necessary building permit, said Alfred Michael Beck, one of the company’s shareholders, today during a press conference.

Bucharest City Hall approves the construction of 45m building in Dorobanti area

The Urban Plan allowing the construction of a building with a height of 45 m in Dorobanti area in Bucharest was approved by the City Hall, the building including a hotel, a casino, commercial premises and offices.

NEPI secures €20m to refinance Galati mall

NEPI secured a €20m loan from Garanti Bank to refinance Shopping City Galati.

JLL Romania: A new real estate cycle is beginning

After Romania experienced the end of a 10-year real estate cycle last year, a new one is about to start, thinks Attila Peli, the head of development & land at JLL Romania.

Bucharest New Office Stock estimated at 120,000 sq. m in 2014

The new office stock in Bucharest is estimated at 120,000 sq. m in 2014, a similar level to last year, a recent report of The Advisers/Knight Frank shows.

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