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Articles - real estate investments

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.

Spanish developer starts office building downtown Bucharest

Spanish real estate developer Hercesa could start this year the construction of an office building in downtown Bucharest. The company is currently negotiating with an IT company to sign a pre-lease contract for half of the building.

Real estate fair in Bucharest brings 250 projects with 15,000 units

Real estate developers and agencies will present between April 16 and April 19 some 250 projects with over 15,000 new units at the spring edition of the National Real Estate Fair tIMOn.

DTZ: Real estate transactions in Romania advance more than four times in 2014

Real estate transactions in Romania stood at 1.3 billion euros in 2014, up 4.3 times from 2013, according to a DTZ Research study.

Real estate transactions amount to EUR 30-40 mln in Q1, says DTZ

The transactions with offices, shopping centers, logistics parks, plots of land totaled in the first quarter EUR 30-40 million, a level similar to the one recorded in the same period of 2014 of EUR 270 million, if excluded the intragroup acquisitions made last year by businessman Ioannis Papalekas.

Bucharest attracts 70 pct of Romania’s total real estate investment volume in 2014

Romania’s total real estate investment volume last year exceeded EUR 1.3 billion, up 4.3 times against 2013. According to DTZ’s Property Times Romania Investment 2014 report, this is the largest investment volume recorded since 2008 and the second highest ever recorded in Romania. Approximately 70 percent was registered in Bucharest.

Israeli real estate developer invests EUR 20 mln in new Bucharest residential compound

Gindi Group, one of the largest real estate developers in Israel, will invest EUR 20 million in GViTown, a new Bucharest residential compound located in the Mihai Bravu area.

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