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Articles - real estate investments

Tagor to start the construction of second stage of Adora Urban Village

Tagor, the developer of residential complex Adora Urban Village in Bragadiru area in south western Bucharest announced it would start the second stage of the project.

Papalekas increased its real estate portfolio to nearly EUR 1 billion through the acquisitions in 2015

The real estate development company Globalworth, founded and leaded by Ioannis Papalekas, has increased with nearly 55 pct. its portfolio value compared to 2014, reaching an estimated value of more than EUR 930 million in the end of last year, according to the company report published on London Stock.

Veranda developer to put EUR 2 mln into infrastructure for Bucharest’s Obor area

The developer of Veranda mall, Prodplast Imobiliare, will invest EUR 2 million for an infrastructure project in Obor area, where the shopping center is constructed.

Liebrecht & wooD Group invested EUR 200 million in 15 years of activity in Romania

Liebrecht & wooD has invested around 200 million euro in Romania to date and its portfolio of completed projects includes properties totalling 115,000 sq m of office and retail space.

Real estate market in Romania continues growth; international investors and developers’ interest increasing

Local real estate market will continue the positive trend of the last years, with growth estimated on key-segments such as investments market, office and industrial, according to the most recent study of a real estate consultancy company.

JLL: Real estate investors are considering Romania, but are careful regarding the political situation and corruption

The good macroeconomic situation of Romania is known by the foreign real estate investors, present at MIPIM, one of the world’s largest real estate events. However the immergence of the politics to justice, the corruption, the long terms of commercial related trials, as well as the timid presence of the local investors on the Romanian real estate market are among their concerns when thinking about investing in Romania, according to a JLL study.

Investments in renovation of historical buildings in Bucharest exceeded EUR 100 million in the last three years

Between 2015 and 2016 the number of investors have increased, investors interested in buying old historical buildings situated in central areas, which are renovating them to international standards and put them into the commercial circuit. In the last three years, foreign as well as Romanian investors bought old properties in central Bucharest and renovated them with budgets of more than EUR 100 million.

Real estate mixed-use project in Cluj-Napoca to be completed in December

The real estate project Platinia, developed by the businessman Sile Puşcaş on the former platform of the Ursus beer factory in Cluj-Napoca, will be completed in December 2016, the total investment reaching nearly EUR 40 million.

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