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Articles - real estate investments

Immofinanz Group to build 140,000 sqm project

LOG.IQ is an Immofinanz Group project in Mogosoaia, offering a gross leasable area (GLA) of 140,000 square meters, say company representatives.

Anchor: Romania is on an ascending trend. Real estate and retails to evolve positively

Affan Yildirim, new general manager of Anchor Grup, the developer of the first two malls in Bucharest, Bucureşti Mall and Plaza Romania, sees a positive evolution of the real estate sector, as well as of the retail on local plan, a reason for the company started in the last period several investments in Bucharest, estimated at approx. EUR 50 million.

Plaza Centers secures financing for Timisoara Plaza

Plaza Centers secured funding for 65 percent of the development costs for Timisoara Plaza. Construction could start by the end of the year.

Practic plans to invest in office, residential and retail spaces in Bucharest

Practic Bucharest, a Romanian real estate player, aims to expand its assets on the property market, according to a company's release.

Three Romanian entrepreneurs join forces in real estate business

Ionuţ Dumitrescu, Johny Jabra and Geo Mărgescu, three entrepreneurs who sold to foreigners properties in Romania exceeding EUR 100 million are now putting together their assets in order to entry the competition with real estate giants. They aim offices and residential developments.

Biggest Romanian mall owner announces EUR 220 mln mega-investment in Timisoara

Iulius Group, the biggest Romanian mall owner, will splash the cash on a mega real estate project in Timisoara, Romania’s fourth largest city. Romanian entrepreneur Iulian Dascalu, one of the country’s first mall developers, controls the Iulius Group.

Secure Property bought Praktiker Craiova for EUR 6.1 million

Investments fund Secure Property Development & Investment has completed the acquisition of Praktiker store in Craiova from Cyprus’s fund Bluehouse Capital for EUR 6.1 million, a price 39 pct. lower than the acquisition price paid by the seller four year ago.

AFI buys 40,000 sqm in Brasov for retail and office spaces

AFI Europe Romania has bought a 40,000 square meters (sqm) plot in Brasov, where it plans to develop a shopping mall and an office project forecast to be finished in October 2017, announce company representatives.

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