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Articles - real estate developments

Developers of City Point project are preparing new investments exceeding EUR 100 million in Romania

Israeli companies Shikun & Binui and Red Sea Group, the developers of the residential complex City Point, situated in Aviaţiei zone in Bucharest, plan to build together starting 2017 approx. 1,800 apartments on the plot they own behind the headquarters of Traffic Police in Bucharest, where they have already developed two blocks and still working for the third, while the works for the fourth will begin in July.

Immofinanz builds industrial park near Bucharest

Austrian real estate developer Immofinanz has started the speculative construction of a logistics park in Mogosoaia, next to Bucharest.

TriGranit: Romania has a bigger economic growth, but Poland is more active in real estate

Romania is a less attractive market compared to Poland in terms of investments or real estate or transactions, despite the positive macro-economic indicators, considers Bogdan Macarie, development director within TriGranit Develop­ment, the real estate development company in the portfolio of the businessman involved in several projects on the local market.

Morad Group invests EUR 12 mln in two new Onix Residence blocks

Morad Group, one of the largest real estate developers in Romania, began the construction of two new blocks as part of Onix Residence, the investment being estimated at EUR 12 million.

Number of residential building permits slightly up in Romania

The Romanian state issued 3,355 building permits for residential houses in April, up 3.1% over March. The number went down by 0.5% year-on-year, according to the National Institute of Statistics.

NEPI doubles Constanta shopping mall area

South-African investment fund New Europe Property Investments (NEPI) will open in June the new wing of the shopping center City Park Mall in Constanta, after a EUR 40 million investment.

General Concrete secures EUR 6 mln loan for residential development in Bucharest

General Concrete Land Development has secured a EUR 6 million loan from Garanti Bank for the development of Sunflower Grand Apartments, a residential project in Bucharest. The funding was granted for a period of three years.

Italian steel factory invests USD 14 mln in training center in Romania

Italian steel factory Tenaris has invested USD 14 million (EUR 12.9 mln) in a training center for its 1,700 employees in Zalau, northwestern Romania.
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