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Articles - renovation

Immofinanz refurbishes five office buildings in Bucharest

Austrian real estate developer Immofinanz will invest in refurbishing five office buildings in Bucharest, with a total rentable area of 100,000 sqm.

Advertising company restore a building in Bucharest with EUR 330,000

A former office building from 1920 was reconverted to retail space near Colţea Hospital in Bucharest, Universităţii Squre.

Mercur Center in Craiova reopens with 95 occupancy rate

The 24,000 sqm shopping mall Mercur Center in Craiova reopened with a 95 percent occupancy rate, according to a press release by Colliers International.

Investments in renovation of historical buildings in Bucharest exceeded EUR 100 million in the last three years

Between 2015 and 2016 the number of investors have increased, investors interested in buying old historical buildings situated in central areas, which are renovating them to international standards and put them into the commercial circuit. In the last three years, foreign as well as Romanian investors bought old properties in central Bucharest and renovated them with budgets of more than EUR 100 million.

NEPI refurbishes its Braila Mall and expands it by 2,450 sqm

New Europe Property Investments (NEPI) has started works of expansion and refurbishing on its Braila Mall, according to a company press release. With a delivery date set for the end of 2016, works currently carried out will take the shopping center’s total leasable area to 57,250 sqm.

Iulius Mall invests EUR 3.5 mln into ‘new look’

Last year, the Iulius Management Center company invested over EUR 3.5 million for the redeveloping of specific areas within Iulius Mall Timisoara, according to company representatives. The works were carried out in parallel with those for the Openville urban ensemble that is located in its immediate vicinity and were recently completed.

Bucharest Mall’s reconstruction closes main entrance

Renovation work on the facade of Bucharest Mall has started.

Liebrecht & wooD invests EUR 600,000 in refurbishing part of West Park Bucharest

Belgian developer Liebrecht & wooD has invested EUR 600,000 in renovating 4,228 sqm of retail space part of its retail park in western Bucharest which it is now rebranding as West Park Bucharest. The project is mostly known for hosting Fashion House Outlet, the only fashion outlet center in the capital.

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