DEVELOPMENT
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2019 Brings Ten New Luxury Residential Projects in Bucharest
Demand for premium and luxury apartments is making more and more developers invest in such projects where an apartment costs at least EUR2,000 to EUR3,000 per square meter or even more.
Developer Gran Via Goes to Constanta with EUR60M Residential Project
Spanish-held real estate developer Gran Via, which has completed about 1,000 homes in Bucharest so far, has started work on a new residential project, this time in Constanta. This is its fir...
Sinziana Pardhan, P3 Romania: Romania Becomes Increasingly Attractive To Investors
Sinziana Pardhan, Country Head, P3 Romania, one of the leading developers of logistics and industrial space, said Tuesday she is optimistic about the evolution of the Romanian market in 2018...
New Real Estate Development Hub Taking Shape in Southern Bucharest
A future office, retail and residential space project no more than three stories tall could be developed in Bucharest on Calea Vacaresti, between Asmita Gardens and Sun Plaza on a 32,000 squ...
Estee Lauder Plans to Open More Stores, Develop Online Operations in Romania in 2019
US cosmetics giant Estee Lauder, which arrived in Romania about two decades ago, has both stores of its own under the MAC and Bobbi Brown brands and partner networks to sell its products. Th...
Developer Cavar Builds 600 Apartment Complex In Southern Bucharest
The Cavar group held by the Cojocar family is currently building almost 200 apartments at the intersection of Constantin Brancoveanu Blvd and Turnu Magurele Street and wants to expand the co...
Developers to Add 250,000 Sqm of Retail Space in Malls in 2019
Real estate developers plan to add 250,000 square meters of malls in Romania by the end of 2019. Only three new projects should be completed this year, in Sibiu, Targu Mures and Balotesti (I...
Office Buildings Attract Significant Residential Investments Nearby
As Bucharest is becoming increasingly crowded, incomes rise, and plots of land become available near office space complexes, developers have started investing in residential projects or even...
International Lazar Seeks to Reach 250,000 Square Meters of Logistics Space in 10 Years
Pitesti-based International Lazar carrier, held by businessman Ion Lazar, plans to grow its logistics and manufacturing space portfolio to about 250,000 square meters in about ten years.