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Articles - real estate developments

Romanian government could terminate agreement with Plaza Centers for the construction of Casa Radio real estate project in Bucharest

Israeli company Elbit Imaging, main shareholder of Plaza Centers, has announced that its subsidiary, which had signed a partnership with the Romanian authorities, risked to Casa Radio project, on which it has already spent EUR 85 million, according to the companies.

Papalekas increased its real estate portfolio to nearly EUR 1 billion through the acquisitions in 2015

The real estate development company Globalworth, founded and leaded by Ioannis Papalekas, has increased with nearly 55 pct. its portfolio value compared to 2014, reaching an estimated value of more than EUR 930 million in the end of last year, according to the company report published on London Stock.

Anchor Grup launches a new building within InCity Residences

Anchor Grup has launched for sale a new building within the residential project InCity Residences in Bucharest, situatd in the proximity of București Mall, on Calea Dudești.

NEPI opens EUR 84 mln mall in Timisoara

Real estate investment fund New Europe Property Investments (NEPI) opened this Thursday its 70,000 (sqm) mall in Timisoara, western Romania.

AFI bought 4 ha plot in Braşov for a mixed-use project, including retail and offices

AFI Europe Romania has completed the acquisition of the plot of 40,000 sq. m in the centre of Braşov city, in Romania, where it plans to develop a mixed-use project, including the shopping centre AFI Palace Braşov and the A class office project AFI Park Braşov.

Plaza Centers investigates several issues regarding Casa Radio project in Bucharest

Israeli investor Plaza Centers is currently undergoing an internal investigations considering certain deals concluded in the past in connection with the project Casa Radio in Bucharest, owned by the developer in partnership with the Romanian State and Turkish group Kucuk.

First ski slope in a mall in Romania

Investment fund New Europe Property Investments (NEPI), largest real estate investor in Romania considering the value of its assets, has included a ski slope within Shopping City Timişoara, to be opened for public in the end of this month. This is the first ski slope included in a Romanian mall.

Real estate market in Romania continues growth; international investors and developers’ interest increasing

Local real estate market will continue the positive trend of the last years, with growth estimated on key-segments such as investments market, office and industrial, according to the most recent study of a real estate consultancy company.

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