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Articles - real estate investments

Continental completed EUR 6.5 million building for its R&D centre in Sibiu

Continental Automotive Romania, the electronic parts manufacturing division of Continental, completed an investment of EUR 6.5 million in a new building on two floors within the research and development centre from Sibiu.

Discreet investor to develop five floors office building near Charles de Gaulle Square

The new office building will be developed on a plot of land of nearly 1,500 sq. m, situated on the boulevard connecting Arcul de Triumf to Charles de Gaulle Square in Bucharest.

Demand for retail space to go up in 2015, says DTZ Echinox

After four years during which most retailers have concentrated on consolidation and brand repositioning and less on expansion, 2014 has seen a more dynamic evolution which is expected to continue this year as well, according to representatives of real estate consultancy firm DTZ Echinox.

Romania ranks 4th in Central and Eastern Europe based on volume of real-estate transactions in 2014

The value of real-estate transactions registered in Romania in 2014 puts the country on 4th place in Central and Eastern Europe, behind Poland, Russia and the Czech Republic, according to CBRE reports.

Year in Review: Real Estate

The total property investment volume in Romania increased to approximately EUR 1 billion in 2014, marking the highest annual level since 2008, according to pundits. Office has been by far the best performing real estate sector but there is good news coming from retail, logistics and industrial and residential as well.

Main developments on the Romanian real estate market in 2014

Real estate developers focused more on office projects in Romania this year, and less on retail and logistics projects.

Hercesa eyes EUR 7 mln office project near Piata Unirii in Bucharest

Spanish company Hercesa is likely to start the construction of a nearly 5,000-square meter office building on a plot of land it owns in Bucharest’s Piata Unirii Square, within an investment estimated at EUR 7 million. The developer already has an IT firm on the wire looking to rent half the space.

Tiriac invests EUR 30 mln in office building in Piata Victoriei

Tiriac Imobiliare, Ion Tiriac’s real estate division, will invest EUR 30 million in an office building on Buzesti street, near Piata Victoriei in Bucharest. Construction work and leasing were initiated only recently on this project, writes zf.ro.

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