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Articles - real estate developments

Gheorghe Iaciu bought Moldova Mall in Iaşi and plans partial office reconversion

The businessman Gheorghe Iaciu, who has strongly invested in stock in latest years, taking over important shares in SIF Muntenia and in real estate developer Impact, also has bought early this year the commercial centre Moldova Mall in Iaşi with the intention to reconvert half of the project to office spaces.

The `Canary Wharf` of Bucharest, the zone where the investors are pumping one billion Euros

The former industrial platforms in the area Barbu Văcărescu – Pipera in Norhter Bucharest have been sold for years to the real estate developers, and their investments have radically changed the image of a region the real estate consultants believe to have potential to become Bucharest’s “Canary Wharf”.

Coresi Brasov commercial centre to be opened in 2015

Coresi Brasov commercial centre will be opened in the first quarter of 2015, the first phase including a hypermarket Auchan, a cinema, a food-court and a commercial gallery.

Centrofarm to develop 10 floors office building in Bucharest’s Universitate area

The company Centrofarm, the owner of the pharmacy network with the same name, started the development of a building with 10 floors in Bucharest downtown, in the proximity of Universitatii Square on a plot of land of approx. 2,100 sq. m.

First building in Hermes Business Campus, to be completed in March. Xerox, Litera and Fribourg Capital, among tenants

The first of the three buildings included in Hermes Business Campus, the office park developed by Atenor Group in Bucharest, will be delivered by the end of March, has announced Colliers International, the property manager of the complex.

Iulian Dascalu had almost EUR 65 mln income from Iulius malls and Palas Iasi complex

The four commercial centres branded Iulius Mall and Palas Iasi complex, owned by the businessman Iulian Dascalu, had a total turnover of EUR 64.56 million last year, with 16% growth compared to 2012, according to data released by Iulius Group, Mediafax writes.

The Greeks bringing Nike in Romania to invest EUR 5 million in Bucharest downtown building

The company Elmec Romania, which changed its name to FF (Folli Follie) Group Romania in the beginning of this year, will complete early next year the reconstruction of the historical building owned in Universitatii area in Bucharest, intended to be equipped for offices and retail.

EUR 18 million investments in Cosmopolis residential project

Opus Land Development, the developer of Cosmopolis, one of the biggest residential projects in Romania, will complete this year at least 400 new units in the residential complex, the investments scheduled for 2014 reaching EUR 18 million.

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