Articles - real estate investments

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.