Articles - real estate investments

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.

The Advisers/Knight Frank: Real estate transaction volume will increase this year up to EUR 800 million

Romania could register this year real estate transaction of approx. EUR 800 million, a spectacular growth compared to the crises year 2009, an evolution also influenced by the global revival of the real estate market, considers Horaţiu Florescu, executive manager of The Advisers/Knight Frank.