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Articles - real estate investments

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.

Coresi Brasov, 60 pct ready: the mall should reach annual revenues of more than EUR 5 million in 3-5 years

Coresi Brasov commercial centre, developed by Immochan, is 70 pct rented 8 months before the opening.

Total level of the real estate investments, 222 pct growth in H1

The level of the real estate investments (transactions with real estate projects) for the first half of 2014 reached EUR 402.4 million for a transacted area exceeding 692,000 sq. m.

The number of transactions with lands has increased in H1, and the value reached over EUR 50 million

The number of transactions with lands for real estate developments, retail and production spaces has increased this year, registering 15 large transactions nationwide, totalizing 630,000 sq. m, with a value exceeding EUR 50 million, according to the real estate consultant CBRE.

Spanish Gran Via invests EUR 8 million in two residential buildings with 170 apartments in Militari

Spanish group Gran Via, which has completed this spring an EUR 4.5 million investment in a residential building with 84 apartments situated on the plot of the former Fri­gocom factory in Militari district in Bucharest started a year ago the construction works for another two buildings within the same project after obtaining EUR 3.3 million loan from Garanti Bank.

Impact Developer to invest EUR 3 million in residential project in Northern Bucharest

Real estate developer Impact Developer & Contractor (IMP) has signed a contract for nearly EUR 3 million with the company Devbon SRL for the construction of nine residential buildings, which will be situated in the Northern Bucharest.

EUR 35 million loan for the development of the new Obor Mall

Businessman Florin Pogonaru intends to borrow EUR 35 million for the financing of the mal he intends to build near Obor market in Bucharest through its company Prodplast Imobiliare, whose capital should be increased with more than EUR 10 million for the same purpose.

Belgium’s Atenor to begin this autumn EUR 30 million investment in an office building in Pipera

Belgian group Atenor, which completed this spring its first project on the local market – an office building within the business park Hermes Business Campus in Pipera – will start this autumn the works for the second building of the complex, the investors being encouraged by the lease agreements signed in the last six months.

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