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Articles - modernization

HAGAG Development Europe starts construction works on Tudor Arghezi 21

Real estate developer HAGAG Development Europe starts construction works on its property near University square. H Tudor Arghezi 21 is the second office project that the company is developing on the local market, and the investment in the reconversion of the building will exceed EUR 4 MLN. The project is fully leased.

200,000 employees in Bucharest could have better offices

In Bucharest, more than 200,000 employees work in office buildings built by private firms, which are more than 10 years old and more than 250,000 employees are in office buildings inaugurated in the past 10 years, according to an analysis by the real estate company ESOP Consulting l CORFAC International.

Investment fund invests EUR 10 mln in revamping mall in Romania’s Craiova

The shopping center Mercur Craiova, owned by local investment fund SIF Oltenia, will be reopened in April this year after an extensive revamping process. The total investment amounts to over EUR 10 million.

Anchor to start in a month the revival of Plaza Mall, strongly affected by AFI Cotroceni competition

Plaza Romania mall in Drumul Taberei district in Bucharest, opened by Turkey’s Anchor Group ten years ago, will enter a significant rehabilitation process which will exceed EUR 10 million and will be done in several phases, in order for two thirds of the centre to remain functional.
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