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Articles - real estate investments

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.

Colliers: Real estate market up 60 pct y-o-y with two major transactions to be announced soon

Real estate investments could reach EUR 500 million, up 60 percent compared to 2013, with two large transactions about to be finalized, according to Ilinca Paun, managing director for Colliers International.

IKEA real estate division changes name

Inter IKEA Property Division has announced the changing of the name of its nine companies, to be reunited under the name of Vastint. In Romania, the real estate division of IKEA was previously called Interprime Properties.

Carrefour buys 12,000 sqm in the ParkLake shopping mall

ParkLake, the EUR 180 million shopping mall developed by Sonae Sierra and Caelum Development in Bucharest’s District 3, has just signed a contract with Carrefour Romania for the ownership and operation of a 12,000 hypermarket on its grounds.

Artemis Real Estate is developing five projects near Timisoara

Swiss group Artemis Real Estate, local division of Artemis Holding, announced on Thursday it is developing 5 projects near Timisoara, on a 128 ha piece of property. The projects include industrial and residential buildings.

Anchor Grup plans to resume works on Metropol office project

Real estate developer Anchor Grup, part of Turkish Fiba Holding, is in the process of selecting a contractor and could resume works on the 35,000 sqm Metropol office project in western Bucharest this autumn.

Adama completed last phase of residential compound in Iasi, following EUR 1.7 million investment

Real estate developer Adama, controlled by the Austrian group Immofinanz, completed the construction of the last phase of the residential complex Copou Bellevue in Iasi, following EUR 1.7 million investment sustained from own resources, the complex including 170 units, 75 pct sold.

SPDI buys 122 Bucharest apartments for EUR 3.3 million

Secure Property Development & Investment (SPDI), a property development and investment company incorporated in Cyprus, has paid EUR 3.3 million for 122 apartments in Bucharest, this being their third investment in Romania this year, inform Mediafax.

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