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Articles - real estate investments

NEPI’s plans for EUR 100 million obtained through capital increase

South-Africa’s investment fund NEPI, one of the most dynamic investors in the Romanian real estate market, intends to use half of the amount of EUR 100 million obtained through capital increase for paying back loans, the rest of the money targeting new acquisitions.

The reconversion of City Mall to offices nearing completion

Greek businessman Ioannis Papalekas has another EUR 2.8 million to invest for the completion of the reconversion works of City Mall to office spaces, the project being scheduled for opening this autumn.

Land prices for real estate investments, down in H1 2014

The prices of the lands for real estate projects development have decreased with an average of 4 pct compared to the similar period of last year, in Arad (-14%), Alba Iulia (-10%) and Targoviste (-10%) being registered the most significant reductions, while in Bucharest they only went down with 2 pct.

Real estate transactions volume tripled in H1 2014

Real estate transactions volume in Romania reached EUR 400 million in the first half of the year, nearly three times more than in the same period of last year, said Marius Grigorica, associate director capital markets within DTZ Echinox.

NEPI to start construction of the office building near Government in a few weeks

NEPI will start soon the construction works for an office building near Victoria Palace, on the neighbouring site of Ormolu Villa in Bucharest.

Papalekas’ Globalworth to build 105,000 sqm office compound in Romanian capital office hotspot

Real estate fund Globalworth, controlled by Greek investor Ioannis Papalekas plans to build an office compound right above the Pipera subway station in Bucharest, with an estimated EUR 98 million investment.

NEPI raises EUR 100 million for real-estate investments

South-African investment fund New Europe Property Investments (NEPI) raised EUR 100 million via an accelerated book building (ABB) on the Johannesburg Stock Exchange, the fund announced. Earlier on Monday, the fund said it aims to raise EUR 80 million.

The message of Knight Frank’s head of Europe: starting this autumn money will come on the local real estate market

Chris Bell, managing director of the European division of the real estate consultancy company Knight Frank, said that the Romanian market reached its lowest level, so the only possible scenario is the growth.
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