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Articles - real estate developments

Republica Warehouse to be transformed into a scientific park

Bucharest Sector 3’s City Hall intends to buy Republica Warehouse in order to develop a scientific park in the sector, according to a release of the local authorities.

Soravia converts Bucharest hotel in office space, wants to invest EUR 80 million in new office project

The local subsidiary of Austrian real estate developer Soravia Group has completed a EUR 1.5 million investment in the conversion of the Starlight Suites hotel in Bucharest into office space, the company announced today. The hotel was located on the grounds of Metropolis Center, an office and retail project Soravia opened in 2009.

How much values nowadays the most expensive land in Bucharest, bought before the crises

The seven hectares land near Romexpo in Bucharest (60,798 sq. m), bought by a joint-venture for EUR 72.9 million from Compania Industrială Griviţa in 2007 is the most expensive transacted plot before the crises.

Cluj: EUR 6 million investments for a business support centre

City Hall in Cluj-Napoca signed the contract for the development of TEAM centre with the comonaies TCI Contractor General , Valdek Impex and Ianus SRL, an investment of nearly 27 million lei (more than EUR 6 million).

Romania’s new retail supply hits 9-year low in 2014, says JLL Romania

Only two modern retail schemes will be delivered in Romania this year totaling 62,000 sqm, according to a recent report from JLL Romania. This is the lowest level reported since 2005, according to the real estate service firm.

Why is Cluj-Napoca the leader in office building development outside Bucharest

Cluj-Napoca, second largest city in the country, continuously developed during latest years due to the attracted foreign capital and the local business environment. The city’s dimensions, the modern infrastructure and the lower costs are attracting a larger number of investments.

S Group completed Green Gate office building in Bucharest, following EUR 55 million investments

The Czech company S Group Holding completed Green Gate office building near Chirigiu market, the largest office project to be delivered this year in Bucharest, including 31,000 sq. m rentable area, following EUR 55 million investments, according to Mediafax.

NEPI and Dedeman took 22 ha land in Timisoara from Cristescu brothers

South-Africa’s investment fund NEPI and the DIY retailer De­deman bought from the brothers Emil and Marius Cristescu and an Italian investor the 22 ha land of the former plastics factory Dermatina in Timişoara in a transaction estimated by ZF to EUR 15-20 million.

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