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Articles - real estate developments

Austrian constructor enters real estate development in Romania

Austrian construction group Strabag has decided to enter the Romanian real estate development market by taking over the local team of real estate developer Raiffeisen Evolution. The new employees will become part of Strabag’s Romanian branch and will constitute a separate department.

Romanian investor builds 100 apartments in Cluj with EUR 5 mln

Local investor Octavian Buzoianu wants to borrow EUR 4.5 million from the state-owned lender CEC Bank to build 100 houses in Cluj-Napoca.

Iulius Group starts construction on Openville Timisoara mixed-use ensemble

Iulius Group announced the start of construction works for the Openville mixed-use project, in the immediate vicinity of Iulius Mall Timisoara. Over EUR 220 million will be invested in the urban ensemble, this being the largest infusion of private capital in the real estate industry in western Romania.

Co-founder of Cellini stores invests in a residential building downtown Bucharest

Businessman Marian Mihart, co-founder of the jewellery and watches stores network Cellini, is developing a residential building on Unirii Blvd., near Bucharest Court, on a plot which was put on sale for several years.

Alpha Property expects 8,000-10,000 daily visitors in Pipera Plaza

Alpha Property Group, part of Intercora group, and Marius Ivan have opened on 10th of September the project Pipera Plaza and expects 8,000-10,000 daily visitors in the commercial centre in Pipera area.

Czech developer plans new developments in Bucharest

Czech developer S Group Holding, which completed the Green Gate office project in Bucharest last year, is interested in developing a new office building in the central-west area of the capital and a residential complex with 2,500 – 3,000 apartments in northern Bucharest.

Patriciu family exits EUR 300 million real estate project to be developed by Immorent near Bucharest

Businessman Dinu Patriciu’s family exited the company which intended to develop a real estate project in Străulești area near Bucharest together with Erste Immorent Group Romania, the shares owned by Șerban Patriciu and a company managed by him being taken over by Immorent.

Bog'Art named general contractor for Veranda Mall

Bog'Art was named general contractor for Veranda Mall, which will go up near Bucharest’s Piata Obor district. Completion is set for fall 2016.

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