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Articles - real estate developments

Owner of Green Gate office building pays back EUR 10 million of its construction loan

S Group has increased the capital of the Romanian company Green Gate Development, the developer of an office Building in Bucharest, with EUR 9.85 million. The amount is used to pay back part of EUR 14.6 million loan took in 2007.

NEPI’s Shopping City Piatra Neamt set to open by the end of 2016

Developer New Europe Property Investments (NEPI) announced the start of construction works for its latest 33,000 sqm project, Shopping City Piatra Neamt.

FF Group Romania opened retail and office centre with EUR 10 million investment

FF Group Romania, subsidiary of international group FF Group Greece, has recently completed the newest retail and business concept downtown Bucharest, on Câmpineanu St., close to Universităţii Square, following nearly EUR 10 million investments.

Tagor to start the construction of second stage of Adora Urban Village

Tagor, the developer of residential complex Adora Urban Village in Bragadiru area in south western Bucharest announced it would start the second stage of the project.

Romanian government could terminate agreement with Plaza Centers for the construction of Casa Radio real estate project in Bucharest

Israeli company Elbit Imaging, main shareholder of Plaza Centers, has announced that its subsidiary, which had signed a partnership with the Romanian authorities, risked to Casa Radio project, on which it has already spent EUR 85 million, according to the companies.

Papalekas increased its real estate portfolio to nearly EUR 1 billion through the acquisitions in 2015

The real estate development company Globalworth, founded and leaded by Ioannis Papalekas, has increased with nearly 55 pct. its portfolio value compared to 2014, reaching an estimated value of more than EUR 930 million in the end of last year, according to the company report published on London Stock.

Anchor Grup launches a new building within InCity Residences

Anchor Grup has launched for sale a new building within the residential project InCity Residences in Bucharest, situatd in the proximity of București Mall, on Calea Dudești.

NEPI opens EUR 84 mln mall in Timisoara

Real estate investment fund New Europe Property Investments (NEPI) opened this Thursday its 70,000 (sqm) mall in Timisoara, western Romania.
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