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Articles - real estate developments

Inter IKEA real estate division buys 48 ha plot in Bucharest for mixed project

Vastint Romania, the real estate division of Inter IKEA, has announced the acquisition of a 48 ha plot of land in the northern part of Bucharest for a mixed project, “predominantly residential”.

Libra Bank considers real estate projects’ financing

Libra Bank, a small player in the Romanian banking system, part of the American investment fund un New Century Hol­dings, started the year in force on the real estate segment, announcing its intention to finance two residential real estate projects in Cluj and Braşov.

Cosmopolis developer to invest EUR 20 mln in 500 new houses and shopping centre

Opus Land Development, developer of the Cosmopolis residential compound in north-east Bucharest, will invest approximately EUR 20 million in building 500 new houses within the residential compound, according to a press release from Coldwell Banker Affiliates of Romania, manager of the project since 2013.

Ovidiu Șandor exits City Business Centre project in Timișoara, NEPI took over the entire office complex

Businessman Ovidiu Șandor in Timișoara exited the shareholding of the company ModaTim Business Facility, the developer of the office complex City Business Centre Timișoara, so the South-African investment fund NEPI became the sole shareholder of the project, according to the takeover agreement at the completion of the construction.

One United Properties to deliver 8,000 sqm prime residential project in 2017

One United Properties announced the start of construction works for a high-end residential project in Primaverii, near Herastrau Park, to be delivered during the second half of 2017. The scheme includes 33 units distributed in two buildings covering a total area of 8,000 sqm, of which 4,000 sqm will be habitable area.

Local businessman gets EUR 9 million loan for real estate project in Cluj-Napoca

Family of Romanian businessman Vasile Pușcaș gets a loan up to EUR 9 million from Libra Bank, in order to finance the construction of a residential project in Cluj-Napoca. The project is developed on a part of the former Ursus beer factory platform, demolished in 2012 by SABMiller group.

Nusco to develop luxury residential project downtown Bucharest

Italian Nusco group, with businesses in real estate and in doors and windows industry, is developing a luxury residential compound downtown Bucharest, named Premio Exclusive City Center, representing the company’s second residential development, as the developer was mainly involved in the office segment.

Immochan launches residential phase of Coresi Brasov

Immochan continues the third phase of its Brasov project, Coresi, a residential area with a potential for 3,000 apartments, spanning 46 hectares, company representatives inform.

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