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Articles - real estate investments

Real estate investment of EUR 3 mln in residential building near Tineretului Park

Two Romanian businessmen are investing EUR3 million in an apartment building that will have around 86 apartments, located near Bucharest’s Tineretului Park with delivery scheduled for July next year writes Mediafax.

Helios Phoenix takes out EUR21.3 mln loan to finance Romanian logistics parks

Greek industrial park developer Helios Phoenix got a EUR 21.3 million loan from Alpha Bank London to refinance its Olympian parks in Timisoara and Brasov.

Global Vision completes next month the renovation of historical building near University Sq. in Bucharest

Real estate company Glo­bal Vision, specialized in property ma­na­gement services will complete next month the renovation process of Brătianu Business Center in Bucharest downtown, a project involving approx. EUR 5 million investments.

NEPI announces EUR 80 mln equity raise

South African New Europe Property Investments (NEPI) plans a EUR 80 million equity raise, according to an announcement the real estate investment fund sent to the Bucharest Stock Exchange (BVB) on Wednesday. The equity raise will be offered to qualifying investors through an accelerated book build process.

NEPI invests EUR 6 mln in Buzau shopping mall renovation

South African fund NEPI will invest EUR 6 million to renovate and refurbish the Aurora mall in Buzau, acquired this summer from Dan Ostahie.

Construction of EUR 30 mln high-end residential project begins in Bucharest

SKV Properties has begun works on a high-end residential project- 49 Gafencu – close to the Herastrau Park in Bucharest, the developer has announced. The project will require an estimated investment of some EUR 30 million and will feature 110 apartments which are due for completion in the first quarter of 2016.

ACI Cluj and Prompt from Timişoara to start works for the second building of The Office Cluj project

Construction companies ACI Cluj and Prompt from Timişoara will start the next two weeks the works for the structure of the second building within the office project The Office in Cluj, scheduled for completion in the end of next year.

Swiss investor develops residential project in downtown Bucharest

A Swiss investor is currently developing a 13-apartment residential building on Batistei street in downtown Bucharest. Apartment prices reach EUR 540,000, while a parking space will be sold for EUR 25,000, the average value of a studio-apartment in a semi-central area in the Capital.

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