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Articles - real estate developments

Lidl disburses EUR 14 M for 14 new stores

German retailer Lidl, which formally entered the local market in 2011 by taking over the Plus network, will open 14 new stores this year, with an investment of about EUR 14 M, according to the estimations of zf.ro.

New Bucharest Real Estate Developments Contested by NGOs representatives

The Chef Architect of Bucharest, Gheorghe Patrascu, has declared during a public debate regarding the approval of an Urban Plan in Dorobanti area that the plans resprect the legislation, following the complaint of NGOs representatives against the construction of 45 m height building between historical monuments, Mediafax informs.

The Most Important Real Estate Events in 2013

The main players on the real estate market in Romania were the investment fund NEPI and the businessman Ioannis Papalekas.

Spanish Gran Via to develop another 2 buildings in Drumul Taberei

Spanish group Gran Via, the owner of several former industrial platforms in Bucharest intends to start this year the development of another two residential buildings on the Frigocom platform in Drumul Taberei district, where the first 84 flats building will be completed this spring.

Spectacular Growth of Industrial and Logistic Facilities Transactions

The area of the industrial and logistic facilities transacted in 2013 totalized 150,000-170,000 sq. m, with a spectacular growth compared to the previous year, the production companies being the most active, has declared for Mediafax Marian Orzu, the head of the industrial department within CBRE.

Zehetner, Immofinanz: Big Real Estate Investors Interested in Secondary Markets in Europe. Romania could attract them

Considering the positive macro-economic signals, as the latest market researches show, Romania could also attract the big investors, as they turned their attention towards secondary markets in Europe, said Eduard Zehetner, CEO Immofinanz, the largest real estate investor on the local real estate market.

Opus delivered 260 apartments in Cosmopolis this year

Opus Land Development added 80 apartments to its Cosmopolis project in Bucharest earlier this month.

Dutch investor buys the former communist department store Bucuresti in the Old Town

A Dutch investor has bought the building of the former communist department store Bucuresti for some EUR 4 million, according to Romanian daily Ziarul Financiar.

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