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Articles - real estate investments

NEPI to acquire Shopping City Sibiu from the Argo Group

NEPI has concluded an agreement to acquire Shopping City Sibiu, in Romania, from the Argo Group. The shopping centre currently has a Gross Lettable Area (“GLA”) of 79,100m2.

JLL: Property investments in Romania to be put on hold in case of Brexit

Property investors will postpone their decisions to invest in Romania in case of Brexit until the outlook stabilizes, a local real estate consultant told SeeNews.

Largest three real estate players in Romania have assets of one billion Euros each

Three companies on the real estate market in Romania reached last year portfolios exceeding EUR 1 billion each, values including both the properties which are currently generating revenues as well as the projects in development, the companies are ready to invest in.

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.

FF Group Romania opened retail and office centre with EUR 10 million investment

FF Group Romania, subsidiary of international group FF Group Greece, has recently completed the newest retail and business concept downtown Bucharest, on Câmpineanu St., close to Universităţii Square, following nearly EUR 10 million investments.

Tagor to start the construction of second stage of Adora Urban Village

Tagor, the developer of residential complex Adora Urban Village in Bragadiru area in south western Bucharest announced it would start the second stage of the project.

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.

Veranda developer to put EUR 2 mln into infrastructure for Bucharest’s Obor area

The developer of Veranda mall, Prodplast Imobiliare, will invest EUR 2 million for an infrastructure project in Obor area, where the shopping center is constructed.

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