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Articles - real estate developments

Spanish developer borrows EUR 9 mln to build residential project in Bucharest

Spanish company Gran Via has borrowed RON 40 million (EUR 9 million) from Libra Internet Bank to cover 65% of the construction cost for its new residential project in the west of Bucharest.

Developers of Lotus Center Oradea invest EUR 60 mln in new real estate project

The developer of the Lotus Center Oradea shopping center will invest EUR 60 million in a mixed-use real estate project to be built in the western Romanian city, the company has announced.

Impact gets 51 million lei loans for the development of the Cartierul Salcâmilor project in Northern Bucharest

Real estate developer Im­pact Developer & Contractor (IMP), controlled by the businessman Gheorghe Iaciu, announced on the stock exchange that the company got a mortgage loan for real estate investments of 29.2 million lei from Libra Internet Bank in order to finance the construction of the residential district Cartierul Salcâmilor, second phase of the Greenfield project, situated in Northern Bucharest.

Nusco makes first step in a new residential project on Pantelimon Road in Bucharest

Italian group Nusco, with business in real estate and in doors and windows industry, received the construction permit for a residential complex situated on Pantelimon road in Bucharest, which will be named Pantelimon Residential Park.

Spanish developer builds nine apartment blocks in Bucharest

Spanish real estate developer Gran Via will build nine apartment blocks with over 1,100 homes near the Plaza Romania shopping center in western Bucharest.

Romanian drug producer wants to become real estate developer

Romanian drug producer Sintofarm has summoned its shareholders at the end of December to decide if the company will change its activity to real estate development.

NEPI has 5 real estate projects in construction and 4 in pipeline, with more than EUR 175 million investments

South-Africa’s investment fund New Europe Property Investments (NEPI) has five real estate projects in construction, including three commercial centres and two office projects, with an area of more than 100,000 sq. m and more than EUR 100 million investments.

Big city ‘satellites’ top residential development, says DTZ Research

Four localities (Selimbar, Floresti, Giroc and Miroslava) and three cities in Ilfov (Popesti Leordeni, Otopeni and Bragadiru) are in the top 15 deliveries of new homes in 2014, surpassing large cities such as Iasi, Ploiesti, Galati or Sibiu, according to a study by DTZ Research.

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