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Articles - real estate developments

The Greeks bringing Nike in Romania to invest EUR 5 million in Bucharest downtown building

The company Elmec Romania, which changed its name to FF (Folli Follie) Group Romania in the beginning of this year, will complete early next year the reconstruction of the historical building owned in Universitatii area in Bucharest, intended to be equipped for offices and retail.

EUR 18 million investments in Cosmopolis residential project

Opus Land Development, the developer of Cosmopolis, one of the biggest residential projects in Romania, will complete this year at least 400 new units in the residential complex, the investments scheduled for 2014 reaching EUR 18 million.

S-Immo: We will wait one year or two until a new investment in Romania

Austrian company S Immo, the owner of Sun Plaza mall in Berceni district of Bucharest, will wait one more year or two until making a new investment in Romania, considering the macro-economic situatopn has declared for MEDIAFAX Friedrich Wachernig, a member of S Immo board.

Works for ParkLake, started

Sonae Sierra, the international shopping centre specialist, and Caelum Development, leading Eastern European Real Estate developer, just started the works for the new shopping centre ParkLake, located in Sector 3, in the eastern side of Bucharest, according to a press release.

Lidl disburses EUR 14 M for 14 new stores

German retailer Lidl, which formally entered the local market in 2011 by taking over the Plus network, will open 14 new stores this year, with an investment of about EUR 14 M, according to the estimations of zf.ro.

New Bucharest Real Estate Developments Contested by NGOs representatives

The Chef Architect of Bucharest, Gheorghe Patrascu, has declared during a public debate regarding the approval of an Urban Plan in Dorobanti area that the plans resprect the legislation, following the complaint of NGOs representatives against the construction of 45 m height building between historical monuments, Mediafax informs.

The Most Important Real Estate Events in 2013

The main players on the real estate market in Romania were the investment fund NEPI and the businessman Ioannis Papalekas.

Spanish Gran Via to develop another 2 buildings in Drumul Taberei

Spanish group Gran Via, the owner of several former industrial platforms in Bucharest intends to start this year the development of another two residential buildings on the Frigocom platform in Drumul Taberei district, where the first 84 flats building will be completed this spring.

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