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Articles - real estate developments

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.

The `Canary Wharf` of Bucharest, the zone where the investors are pumping one billion Euros

The former industrial platforms in the area Barbu Văcărescu – Pipera in Norhter Bucharest have been sold for years to the real estate developers, and their investments have radically changed the image of a region the real estate consultants believe to have potential to become Bucharest’s “Canary Wharf”.

Coresi Brasov commercial centre to be opened in 2015

Coresi Brasov commercial centre will be opened in the first quarter of 2015, the first phase including a hypermarket Auchan, a cinema, a food-court and a commercial gallery.

Centrofarm to develop 10 floors office building in Bucharest’s Universitate area

The company Centrofarm, the owner of the pharmacy network with the same name, started the development of a building with 10 floors in Bucharest downtown, in the proximity of Universitatii Square on a plot of land of approx. 2,100 sq. m.

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