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Articles - real estate developments

Romanian residential developer to build 4,000 apartments in 5 years

Impact Developer&Contractor, the first Romanian private residential developer founded in 1991, plans to start four new residential projects in the next five years and build at least 4,000 apartments in Bucharest, according to the company’s representatives, cited by local News.ro.

New residential project with initial EUR 40 million investments near Bucharest

Loreco Investment, the developer of a residential project outside of Bucharest, in the Balotesti area, has started to sell land plots for houses, its strategy including the development of 90 hectares of land in five stages.

Bucharest’s main railway station Gara de Nord could include speed trains, mall and office buildings

The architects of the Urbanism Excellence Centre „Ion Mincu“ (CEP) have presented to Romanian authorities a project of reconversion of Gara de Nord railway station to a Eurorailway station featuring speed trains, mall and office buildings with a market value of nearly EUR 2.4 billion. The project could be completed in minimum ten years.

Qfort to invest EUR 4 million in offices and showroom near its factory in Pieleşti, Romania

Windows manufacturer Qfort is developing an office building and a showroom near its factory owned in Pieleşti, Dolj county. The company’s total investment reaches EUR 4 million, the space hosting 300 employees.

Central and Eastern Europe needs more real estate projects

Modern offices spaces stock in Central and Eastern Europe reached a total of 24 million square metres last year.

Ionuţ Dumitrescu to develop 15,000 sq. m retail project in Bistriţa

Local businessman Ionuţ Dumitrescu, a name related to the real estate consultancy company Eurisko, is investing in a retail park in Bistriţa, with 15,000 sq. m rentable area, out of which 6,000 sq. m were already occupied by a food store.

DTZ Echinox: 1 mln buildings constructed in Romania after 1989

Out of the stock of 8.9 million buildings from Romania, 1 million units were constructed after 1989, the North-East region being in the top of deliveries across the country.

Founders of Capital Partners bought a plot of EUR 6 million in Bucharest from Forte Partners

One United Properties, a company controlled by Andrei Diaconescu and Victor Căpitanu, two of the founders of Capital Partners (currently BT Capital Partners), bought from Forte Partners a plot of 8,200 sq. m situated on Barbu Văcărescu St., across the road from Verdi Park in Bucharest.

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