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Articles - real estate developments

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.

Benevo postpones the construction of Victoria City mall until summer of 2014

Real estate developer Benevo, controlled by Canadian businessman Michael Topolinski, said it will start the construction of shopping center Victoria City in Romania’s capital city Bucharest in the summer of 2014. Benevo also announced that Burcu Uygurcetin is the new head of retail.

Immochan Romania wants to open Coresi Brasov in March 2015

The EUR 60 million first phase of the Coresi Brasov real estate project will be delivered in the first quarter of 2015, probably March, said Tatian Diaconu, general director of Immochan Romania, the project’s developer, in a press conference today.

Green Gate, the biggest office project in Bucharest delivered in 2014

The company S Group Holding from Czech Republic founded and managed by din Martin Borovicka, will complete next month near Chirigiu Market in Bucharest the biggest office project to be delivered this year – a building with a rentable area of 31,000 sq. m, developed with an investment of nearly EUR 60 million.

AFI: We open the mall in Bucurestii Noi at the same time with the underground

AFI Europe plans to open the mall in Bucurestii Noi at the same time with the inaugurations of the metro line in the area.

Plaza Centers postpones again the completion of its projects

Plaza Centers estimates the completion date of only three Romanian projects, the project Casa Radio, the mall in Timisoara and the project Cina Plaza in Bucharest, the other mall projects which appeared in the 2012 financial report with completion dates in 2015 or 2015 are now shown in the report as being in the feasibility study phase.

Ared to start this year residential project in Timisoara

Real estate developer Ared, controlled by the businessman Alexandru Bercea, plans to start in 2014 the construction of a new residential project in Timisoara, including 150 apartments, has declared for WALL-STREET.ro Florin Mos, director de marketing si vanzari al Ared.

Gheorghe Iaciu bought Moldova Mall in Iaşi and plans partial office reconversion

The businessman Gheorghe Iaciu, who has strongly invested in stock in latest years, taking over important shares in SIF Muntenia and in real estate developer Impact, also has bought early this year the commercial centre Moldova Mall in Iaşi with the intention to reconvert half of the project to office spaces.

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