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Impact takes out RON 18 mln loan from Banca Transilvania

Impact Developer&Contractor, controlled by businessman Gheorghe Iaciu, contracted two loans, totaling RON 18 million (EUR4 million), from lender Banca Transilvania to develop Greenfield 2 residential project and to finance VAT, writes Mediafax.

First Fiscal Semester Results for Immofinanz in Romania

Immofinanz registered increased revenues from rents locally in the first fiscal semester ended at 31st of October 2013, totalizing EUR 24.5 million, compared to EUR 23.6 million in the similar period of last year.

Lear Corporation rented 12,000 sq. m production and office spaces in Iasi

American producer Lear Corporation, one of the main worldwide suppliers of chairs and electric distribution system for automotive industry, rented a production facility and offices on 12,000 sq. m within Solo Industrial Park in Letcani near Iasi, announced CBRE, the transaction broker.

Real estate investments skyrocket to EUR 1.2 bln in 2014, says DTZ Echinox

Romania’s real estate investment volume reached 1.2 billion in 2014, up from EUR 300 million the previous year, according to data from real estate consulting company DTZ Echinox.

Arab billionaire interested in Romania’s real estate market

Real estate development company Impact Developer & Contractor, in which businessman Gheorghe Iaciu holds a 49% stake, is currently in talks for a possible partnership with DAMAC Properties, the company responsible for developing about a third of the residential towers in Dubai.

Romania registers largest drop in construction work in the EU

Romania registered the largest decrease in construction work among the EU member states in October, compared to September 2014, according to data from Eurostat.

JLL: Bucharest ranks 30th in the top European retail destinations

Bucharest ranks 30th among the most attractive 57 cities in Europe in terms of the interest of international retailers for expansion, after Budapest and Warsaw, and 25th as regards luxury brands, according to a cross-border retailer index compiled by global real estate adviser JLL.

Hercesa sold nearly 13,000 sq. m of land in Carrefour Orhideea area

Spanish real estate developer Hercesa concluded the selling transaction of a land of 12,700 sq. m to a buying vehicle owned by the real estate development company Primavera Development and Forte Partners.

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