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Articles - residential market

Romanian investor builds 330 apartments near Bucharest lake

Romanian developer Imob Construct Center is currently building a new residential compound in Bucharest, near Lacul Morii, the largest lake in Bucharest.

Israeli group resumes EUR 13 mln residential compound in Bucharest

Israeli real estate group Gindi decided to resume the construction of the residential compound GviTown in Bucharest, six years after the company launched the project.

Adama invests EUR 3 mln in new residential complex

Real estate developer Adama, owned by IMMOFINANZ Group, announces the official start of Evocasa Serenia construction, a new residential assembly consisting of 77 units and located in Bucharest’s Berceni area.

Demand for investments in residential projects, up 30% in Bucharest

The demand for residential projects with commercial purposes in Bucharest increased in the second half of 2014 by 30% year-on-year.

American Village residential compound to be sold for EUR 9.3 mln

The American Village residential project in Bucharest was put up for sale for a starting price of EUR 9.3 million, representing 35 percent of the developer’s debt to BCR, the project’s lending bank, according to Mediafax.

Turkish family to develop residential project on Turbomecanica plot

A Turkish family wants to develop a residential project toting up to 1.100 apartments on a 3.3 ha plot purchased from former Turbomecanica plant in Bucharest’s Militari neighborhood.

Joint venture invests EUR 5 mln in Bucharest residential project

A joint venture between a Spanish company and a Romanian businessman develop a 56 apartments’ residential project in Popa Nan area in Bucharest, an investment amounting EUR 5 million.

Investor pays EUR 1 mln for 32 apartments in Cosmopolis

An investor paid around EUR 1 million on a package of 32 double studios in Cosmopolis, the transaction being completed earlier this year, the developer Opus Land has announced. The apartments were purchased to further be loaned for minimum three to five years, reads a Cosmopolis press release.

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