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Articles - dezvoltari imobiliare

The office, retail and industrial deliveries in Romania surpass the 1 million square meter threshold in 2019, pushing the total stock to 12 million square meters

The real estate developers completed in 2019 new industrial, retail and office space deliveries with a total cumulative area of more than 1 million square meters, with the office and industrial sectors being the most active ones, according to a study realized by Cushman & Wakefield Echinox real estate consulting company.

Romania remains an outlier in the CEE region in H1 2019

The Romanian real estate market recorded good results in the first half of 2019, with activity on office and investment segments getting more dynamic than that of some CEE peers. With the full year GDP expansion figure likely to top 4%, Romania also remains an outlier in terms of economic performance when compared to other CEE economies.

Prime Capital invests 200 million euros in the Silk District, its first mixed-use project in Iasi

The Silk District, developed on the former Teba platform in Iasi, will have two main components: A class offices with an area of approximately 100,000 square meters and 2,500 apartments. In addition, the Silk District will include 11,700 sqm of retail space, a four-star hotel with 160 rooms, a 1,500 sam clinic, services, parks, leisure and relaxation areas, a kindergarten and a swimming pool.

Caba Grup expands the 102 The Adress mixed project and doubles the investment to 100 million euros

The Turkish developer Caba Group, known on the local market for the high-end residential project 102 The Address, will invest over 100 million euros in the development of the second phase of the project - a mixed destination of residential, office and retail.

A record of 1.2 million sqm of new real estate industrial, office and retail projects to be delivered in 2019

The real estate market in Romania has entered a new year of development on all segments, investors having plans to deliver logistic, commercial and office buildings with a cumulated area of 1.2 million square meters, a new record, according to Cushman & Wakefield Echinox. For comparison, last year new spaces of about 850,000 square meters were delivered.

Speedwell starts Record Park, a 42 million Euros mixed use project in Cluj - Napoca

Real estate developer Speedwell started the construction works of Record Park, the first mixed use development and urban regenerating project in Cluj – Napoca. The development process will attract an investment of 42 million Euros, the completion date of the entire project being due for the second quarter of 2020

Buildings delivered in 2017 are worth over 1 billion euros

In Romania, commercial real estate (retail, office and logistics) with a value of 1.084 billion euros was delivered in 2017, according to Cristian Negrea, director of the Asset Property Services valuation department.

Forte Partners takes a 12 million-euro credit from BT for Aviatiei Park

Forte Partners real estate developer, founded by Geo Mărgescu, Ionut Dumitrescu and Johny Jabra, has received a 12m-euro funding from Banca Transilvania for the construction of the Aviaţiei Park residential complex in northern Bucharest, a total investment of 37 million euros.

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