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Articles - reconversii

The most expensive Bucharest parking to be reconverted to office building

Dragoş Dragoteanu, the owner of the Euroest Invest agency, wants to build a 15-storey office tower on Buzeşti Street in Bucharest, located near Victoriei Square and the Ţiriac Tower building.

Local Manufacturer to Reconvert Its Current Headquarters in Iasi to Office Building

Local company SC Electra SRL will relocate from its current headquarters situated in the city of Iasi to Miroslava Industrial Park, where the company rented 22,000 square metres.

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.

Anchor Group to reconvert 20 pct. of the Plaza Mall in Bucharest to offices

More than 10,000 sq. m of the Plaza Mall area will be reconverted in office spaces, a project currently undergoing under the renovation process of the mall in Drumul Taberei neighbourhood in Bucharest, which will be completed this spring.

Iaciu intends to grow on the office market in Iaşi, Romania

Gheorghe Iaciu, the entrepreneur controlling the real estate developer Impact Developer & Contractor, intends to expand its presence on the office market in Iaşi, a city which appears to be a new IT centre of Romania. The entrepreneur completed here EUR 15 million investment in the conversion of a commercial centre to an office building, Moldova Center.

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.

NEPI received the construction permit for EUR 37 million office project near Government

South-Africa’s investment fund NEPI, which reached a real estate portfolio of approx. 1 billion Euros on the local market, has received last week the construction permit for the development of an office building near Government headquarters in downtown Bucharest, a project involving an investment of approx. EUR 37 million.

EUR 5 mln to be invested in converting Bucharest historical building into retail and office center

FF Group Romania, the former Elmec Romania, has signed a EUR 4 million loan agreement with the local branch of Turkish Garanti Bank to finance the reconversion of a Bucharest historical building into a 5,000 sqm retail and office center, the bank announced today. The entire investment in the project will amount to EUR 5 million.

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