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Articles - real estate investments

Wallberg Properties completes EUR 18.6 million local real estate projects and prepares new real estate projects

Wallberg Properties, a real estate development company active in local markets, announced the successful completion of Arad Plaza and Bourgeois Residence projects as well as the first phase of development of the Sunnyville residential complex in Braşov.

2018, a turning year for real estate in Romania

The investment volume of investment in the office market could increase this year to 500 million euros, from 160 million euros in 2017, as 2018 is a year of turning in this segment, the projects underway for the next period including centers offices with an average surface area of more than 50,000 square meters, compared to an average of 20,000 sqm in those traded up to now, according to the report of the Colliers International real estate consultancy company.

Greek investor invests EUR 6 mln in Bucharest residential complex

Greek investor Evangelos Poulios, the co-owner of the fashion retailer BSB, will invest EUR 6 million this year in completing the residential complex Belize Residence (the former Cernica Residence), located in Eastern Bucharest.

British fund invests EUR 10 mln in Bucharest residential complex

Real estate developer British Romanian Investment Partnership (BRIP) will complete its residential complex New Residence Bucharest, built in the capital’s District 5, in the spring of 2017.

NEPI opens EUR 25 mln Shopping City Piatra-Neamt

Real estate developer New Europe Property Investment (NEPI) has opened on Thursday Shopping City Piatra-Neamt, following EUR 25 million investment.

Liviu Tudor to build swimming pool in West Gate office complex, also considering a kindergarden

Liviu Tudor, the Romanian entrepreneur controlling the business parks West Gate (Militari) and Novo Park (Pipera) through its company Genesis Development, started a series of investments in the office project in the Western Bucharest, including an outdoor swimming pool.

Conference centre with EUR 5 million investment in Timişoara

Businessman Marius Cristescu, who controls together with his brother, Emil Cristescu, the company Bega Turism, the largest tourism company in Timiş county, says to start next year the construction of a conference centre in Timişoara, an investment exceeding EUR 5 million.

Adrian Karczewicz, Skanska: Office spaces yield in Bucharest reaches 7.5 pct.

Commercial real estate markets in Romania and Hungary register new capital flux, following an important yield difference between Western and Eastern Europe, where the office spaces yield is, for example in Bucharest, at 7.5 pct.
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