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Articles

Local Investor Starts Works for 11 Floors Office Building near Basarab Passage in Bucharest

Basarab Passage in Bucharest, the infrastructure project with biggest impact on Bucharest traffic in the last 20 years started to attract real estate projects after more than two years since its completion, a local investor starting this month the works for an office building with 11 floors across the road from Orhideea Commercial Centre.

Citadella Titan Project Could Sale for EUR 6.85 million

Residential complex Citadella Titan, in insolvency, could be put on block sale for EUR 6.85 million, according to the reorganization plan approved by creditors, also offering the possibility for the main creditor, the Romanian Commercial Bank (BCR), to take over the project.

Octagon, New Constructor of Hermes Business Campus, Following Alpine’s Bankruptcy

PeliFilip assisted Belgium’s real estate developer Atenor Group for the signing of the contract for general contracting with Octagon Contracting & Engineering, for the first phase of Hermes Business Campus, a mixed-use project, including offices and retail on approx. 78,000 sq. m.

Alpine Constructor Entered Insolvency

Alpine SA, local subsidiary of Austrian group Alpine, currently facing bankruptcy, has entered insolvency on Wednesday, following a decision approved by Ilfov Court, Casa de Insolvenţă Transilvania being designated as judicial administrator.

60 pct. Increase of Start-ups in First Eight Months in Romania

At least 20,000 jobs were created by young business debutants in the period between 2011 – August 2013.

Bucharest City Hall Could Demolish Cathedral Plaza with EUR 4 Million

Bucharest’s mayor, Sorin Oprescu, has declared on Thursday that, in order to apply the Court’s final and irrevocable sentence which provides the demolishment of Cathedral Plaza building, a mayor’s disposition is needed, including the evaluation of the expenses involved.

EUR 15 Million Construction Sites in Bucharest Centre: Office Building and Hotel

A dentist, Israel’s Jupiter group, the owner of a commercial centre in Piteşti, and the administrator of the design and architecture company Proiect Bucureşti are working at three real estate investments on George Enescu St. and Georges Clemenceau St., behind Hilton hotel in Bucharest, projects estimated at EUR 15 million.

CBRE Global Investors to sell land mark building Tancici Dum in Prague

CBRE Global Investors has exclusively appointed the Capital Markets team of Jones Lang LaSalle in Prague to sell the famous Tancící dum (Dancing House/Ginger&Fred) building. The sale opportunity is currently being introduced to potential investors and first meetings are being held.

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