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Articles - real estate investments

Real estate developers looking for EUR 250 million to continue projects

A series of real estate developers will be looking to attract this year bank financing of approx. EUR 250 million in order to continue the mall and office projects, the most important funds being necessary for the construction of the ParkLake Plaza mall in Titan and of the office tower Bucharest One in Calea Floreasca, according to ZF analysis.

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.

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