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Articles

Europa Capital announces Windsor Sale

Europa Capital announces that the joint venture between Europa Fund II and St Congar Properties Ltd has sold its freehold interest in Imperial House, 67 Alma Road, Windsor to NFU Mutual Insurance Society Ltd for an undisclosed price.

Biggest real estate investors with former communist factories in their portfolio

The biggest ten former factories owners, bought for real estate development have invested over EUR 800 million in the last eight years for 40 former industrial platforms in Romania.

Direct foreign investment 35% down in 1Q 2013

Direct foreign investment totalized EUR 322 million in the first four months, with almost 35% down from the similar period of last year, where a level of EUR 494 million was registered, according to a release of the National Bank of Romania.

$126 million American investment near Ploiesti

Lufkin Industries opens today in Ariceştii Rahtivani village near Ploiesti a factory of components and systems for oil extraction, with an investment reaching $126 million.

Belvedere real estate project in Targu Mures unlocked after 5 years

An EUR 50 million real estate project in Targu Mures, started in 2007 and blocked for five years, following the extension of a protection area for natural gas probes will be unlocked as the protection area was reduced from 450m to 50m, has announced Corneliu Grosu, the district’s prefect.

Tudor becomes the biggest green office owner with an extra investment of EUR 1.5-3 mil./building

The office projects West Gate and Novo Park, situated in the western and northern Bucharest have received BREEAM Very Good, certification. Following this certifications, Liviu Tudor, the owner of the projects, has 100,000 sqm green offices in his portfolio.

A Dutch investor prepares real estate investments over EUR 100 million, including in Romania

Dutch company Meridian Properties has the intention to list at the stock exchange in Warsaw, on Real Estate Investment Trusts (REITs), in order to attract EUR 200 million for a portfolio acquisition and for the payment of debts.

DTZ: Romanian real estate market still subject to bank loans

Romanian real estate market still remains extremely dependent of the bank loans, following the poor development of the capital market, unlike other countries in Europe, where the trend is for increasing the percentage of the financing from non-banking sources in real estate, according to a DTZ analyse.
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