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Articles - real estate developments

Biggest mall owner in Romania plans to build mall in small city

South-African real estate developer NEPI plans to build a shopping center in Ramnicu-Valcea, after signing a pre-contract for the purchase of a 12-ha plot in the city. The plot belongs to Belgian real estate developer BelRom.

Turkish investors build residential project on former industrial site in Bucharest

Several Turkish businessmen will invest EUR 48 million in a residential project with 1,300 homes in Bucharest.

DeSilva Properties builds three residential projects in Romania

Real estate developer DeSilva Properties will build three residential projects in Romania with over EUR 20 million.

Pazo makes first step in the real estate development market in Romania

The owners of Pazo group, specialized in ceramic tiles and sanitary items distribution, intend to enter the real estate segment, considering the revival of the segment.

Major changes in the top of the largest buildings owners in Romania

The leaders of the three commercial segments of the real estate market in Romania, emerged before 2009, seamed unbeatable after the crises came, but they were however dethroned in a record time, by investors which are hard to overtake.

Carrefour signs with Canadian investor to open new hypermarket in Bucharest

French retailer Carrefour has agreed with Romanian-Canadian group Benevo, owned by the Canadian investor Michael Topolinski, to open a new hypermarket in the Victoria City shopping mall.

NEPI raises EUR 130 mln for investments in Romania

South-African real estate developer NEPI announced on October 5 a EUR 65 million capital increase, but managed to get twice that amount from investors on the Johannesburg Stock Exchange.

Bucharest mall developers get EUR 83 mln loan

Real estate developers Sonae Sierra and Caelum Development will receive a EUR 83 million loan from the Austrian Bank Hypo NOE Gruppe Bank, thus securing their financing to build the ParkLake mall in eastern Bucharest. Hungarian bank OTP Bank and its local subsidiary will guarantee the loan.

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