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Articles - real estate developments

Bucharest City Hall approves the construction of 45m building in Dorobanti area

The Urban Plan allowing the construction of a building with a height of 45 m in Dorobanti area in Bucharest was approved by the City Hall, the building including a hotel, a casino, commercial premises and offices.

NEPI secures €20m to refinance Galati mall

NEPI secured a €20m loan from Garanti Bank to refinance Shopping City Galati.

JLL Romania: A new real estate cycle is beginning

After Romania experienced the end of a 10-year real estate cycle last year, a new one is about to start, thinks Attila Peli, the head of development & land at JLL Romania.

Bucharest New Office Stock estimated at 120,000 sq. m in 2014

The new office stock in Bucharest is estimated at 120,000 sq. m in 2014, a similar level to last year, a recent report of The Advisers/Knight Frank shows.

Benevo postpones the construction of Victoria City mall until summer of 2014

Real estate developer Benevo, controlled by Canadian businessman Michael Topolinski, said it will start the construction of shopping center Victoria City in Romania’s capital city Bucharest in the summer of 2014. Benevo also announced that Burcu Uygurcetin is the new head of retail.

Immochan Romania wants to open Coresi Brasov in March 2015

The EUR 60 million first phase of the Coresi Brasov real estate project will be delivered in the first quarter of 2015, probably March, said Tatian Diaconu, general director of Immochan Romania, the project’s developer, in a press conference today.

Green Gate, the biggest office project in Bucharest delivered in 2014

The company S Group Holding from Czech Republic founded and managed by din Martin Borovicka, will complete next month near Chirigiu Market in Bucharest the biggest office project to be delivered this year – a building with a rentable area of 31,000 sq. m, developed with an investment of nearly EUR 60 million.

AFI: We open the mall in Bucurestii Noi at the same time with the underground

AFI Europe plans to open the mall in Bucurestii Noi at the same time with the inaugurations of the metro line in the area.

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