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Articles - real estate investments

David Hay, AFI Europe: We have big plans for next year

The local development plans of AFI Europe include the expansion of AFI Cotroceni mall, the completion of the building 4 and 5 of the office project AFI Park, as well as the beginning of the INOX office project in 2017.

Moldova Center, a project in Iasi city centre, reinvented at high standards

A new EUR10 million investment in former Moldova Mall, took over in February this year by the investor Gheorghe Iaciu, will bring to the city of Iasi a modern, multifunctional building, with office and retail spaces, adapted to the highest standards.

UniCredit Austria sold its participation in CA Immo for EUR 295 million

UniCredit Bank Austria sold its 16.35 pct. participation in real estate company CA Immo for EUR 295 million. The buyer is one of the largest office owners in Moscow, which will make an offer for partially take-up of the other owners, willing to reach 26 pct of the shares.

Hercesa to invest another EUR 30 mln in Bucharest projects

Hercesa plans to set off in 2015 the construction of the third stage of residential compound Vivenda in Bucharest and is in talks to start a partnership for the renovation of an old building in downtown Bucharest, both projects being expected to attract EUR 30 million from the Spanish company.

Răzvan Iorgu, CBRE: Price differences between real estate in Romania and Poland are not justified

Răzvan Iorgu, general manager of the real estate consultant CBRE Romania, says the local real estate market starts to become attractive for the large investors considering the process in Spain, Italy or Poland have increased a lot, and the conflict with Ukraine makes from Russia an unapproachable market.

Impact SA to start residential project on EUR 9 mln plot of land in Bucharest

Romanian real estate developer Impact will start a residential project on a 26,000 sqm plot of land close to the Barbu Vacarescu area in Bucharest which it bought for EUR 9 million, the company has announced. The money was raised following a share capital increase.

Dascălu develops a new office building on 15,000 sq. m near Palas Iaşi

Businessman Iulian Dascălu, the owner of the commercial centers network Iulius Mall and of the mixed-use project Palas in Iaşi, started this month in Iaşi the construction works for a new office building with a rentable area of 15,000 sq. m, scheduled for completion in the end of next year.

Tagor sold more than a half of the first phase of Adora Urban Village in more than a year since the project completion

More than half of the apartments in the first phase of Adora Urban Village project were sold in more than a year since the completion of the project.

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