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Articles - residential market

EUR 5 million turnover in 2013 for insolvent complex Ibiza Sol

Residential complex Ibiza Sol in Pipera, in insolvency since 2011, had in 2013 total revenues of 4,897,923 Euros.

EUR 18 million investments in Cosmopolis residential project

Opus Land Development, the developer of Cosmopolis, one of the biggest residential projects in Romania, will complete this year at least 400 new units in the residential complex, the investments scheduled for 2014 reaching EUR 18 million.

25th floor penthouse sold in Bucharest for EUR 372,000

An apartment located at the 25th floor in the high-rise apartment tower complex Asmita Gardens in Bucharest has been sold for EUR 372,000, announced Euro Insol, the project’s judicial administrator. The buyer is Mark Hoddinott, an expat.

The end of Odyssea Residence: the land is put up for sale

The company New Horizon, which intended to build the project Odyssea Residence near Bucharest entered bankruptcy in 2013.

Spanish Gran Via to develop another 2 buildings in Drumul Taberei

Spanish group Gran Via, the owner of several former industrial platforms in Bucharest intends to start this year the development of another two residential buildings on the Frigocom platform in Drumul Taberei district, where the first 84 flats building will be completed this spring.

Opus delivered 260 apartments in Cosmopolis this year

Opus Land Development added 80 apartments to its Cosmopolis project in Bucharest earlier this month.

Adama invests EUR 14.1 mln in 210 new apartments in Bucharest

Real estate developer Adama has completed the second development phase of its Edenia Titan residential project in Bucharest which consists of 126 apartments. Another 84 apartments were recently completed in Evocasa Optima, another residential project the company is developing in the capital’s Titan neighborhood.

Tagor Builds in Timisoara 1,200 Apartments with EUR 110 Million

Real estate developer Tagor started the construction of the third residential complex in Romania, in Timisoara, within an investment plan of EUR 100 million.

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