Articles - real estate investments

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.

Fourth and fifth buildings within AFI Park office project take shape near Cotroceni mall

Real estate developer AFI Europe, controlled by billionaire Lev Leviev, completed the structure of fourth and fifth buildings within AFI Park project, built around the commercial centre AFI Palace Cotroceni in Bucharest, also having started recently the mounting of the glass facades.