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Articles - real estate developments

Central and Eastern Europe needs more real estate projects

Modern offices spaces stock in Central and Eastern Europe reached a total of 24 million square metres last year.

Ionuţ Dumitrescu to develop 15,000 sq. m retail project in Bistriţa

Local businessman Ionuţ Dumitrescu, a name related to the real estate consultancy company Eurisko, is investing in a retail park in Bistriţa, with 15,000 sq. m rentable area, out of which 6,000 sq. m were already occupied by a food store.

DTZ Echinox: 1 mln buildings constructed in Romania after 1989

Out of the stock of 8.9 million buildings from Romania, 1 million units were constructed after 1989, the North-East region being in the top of deliveries across the country.

Founders of Capital Partners bought a plot of EUR 6 million in Bucharest from Forte Partners

One United Properties, a company controlled by Andrei Diaconescu and Victor Căpitanu, two of the founders of Capital Partners (currently BT Capital Partners), bought from Forte Partners a plot of 8,200 sq. m situated on Barbu Văcărescu St., across the road from Verdi Park in Bucharest.

Futureal returns on real estate market in Romania

Hungarian entrepreneurs Péter and Gábor Futó, father and son, returned on real estate market in Romania through their company Futureal, following their exit due to the crises. They recruited former general manager of Hercesa and aim the residential sector.

Building permits and urbanism certificates to be issued online in Romania

Romania’s municipalities will be obliged to issue building permits and urbanism certificates online, according to changes to the planning and urbanism law to be put into public debate within a week by Romania’s Regional Development and Public Administration Ministry (MDRAP).

Owner of Green Gate office building pays back EUR 10 million of its construction loan

S Group has increased the capital of the Romanian company Green Gate Development, the developer of an office Building in Bucharest, with EUR 9.85 million. The amount is used to pay back part of EUR 14.6 million loan took in 2007.

NEPI’s Shopping City Piatra Neamt set to open by the end of 2016

Developer New Europe Property Investments (NEPI) announced the start of construction works for its latest 33,000 sqm project, Shopping City Piatra Neamt.
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