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Articles - real estate investments

Northern Bucharest, overcrowded: from where will come the new bubble in office development

The northern area almost reached its maximum development potential, new business poles following to develop in Bucharest, one of those being the Centre-West axis, mainly Orhideea zone in Bucharest.

Papalekas: In 2-3 years problems could reappear on Bucharest office market

In 2-3 years problems could reappear on Bucharest office market, as there are more and more developments and the request will not keep up with the deliveries dynamic, said the businessman Ioannis Papalekas.

Cypriot fund buys real estate in Romania

Cyprus-based investment fund Secure Property Development & Investment recently bought the Praktiker store in Craiova, a part of the Delea Noua Office Building in Bucharest and houses located on the Grivita lake and in the south of Sofia, Bulgaria.

Ioannis Papalekas intends to buy Automatica land in Floreasca

Real estate investment fund of Global Finance is in advanced negotiations with Ioannis Papalekas, one of the biggest investors on the Romanian real estate market, for the sale of the project (land) Auto­matica/ Ford Building in Calea Floreasca from Bucharest, according to sources in the market.

European non-listed property funds deliver best performance since 2006

European non-listed real estate funds delivered their best performance since 2006 last year, according to INREV. The industry body’s annual index recorded an 8% return, the highest since before the financial crisis.

NEPI doubles Constanta shopping mall area

South-African investment fund New Europe Property Investments (NEPI) will open in June the new wing of the shopping center City Park Mall in Constanta, after a EUR 40 million investment.

General Concrete secures EUR 6 mln loan for residential development in Bucharest

General Concrete Land Development has secured a EUR 6 million loan from Garanti Bank for the development of Sunflower Grand Apartments, a residential project in Bucharest. The funding was granted for a period of three years.

Italian steel factory invests USD 14 mln in training center in Romania

Italian steel factory Tenaris has invested USD 14 million (EUR 12.9 mln) in a training center for its 1,700 employees in Zalau, northwestern Romania.

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