RESIDENTIAL
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Nordis Group Sees RON123.7M Sales in H1
Nordis Group, a real estate developer of premium hotel and residential complexes, posted sales of RON123.7 million in the first half, as a result of the sale of 255 apartments in its four pr...
Dan Sucu and Conadi to Start Work on Third Phase of Arcadia Apartments Domenii
Businessman Dan Sucu and Conadi are getting ready to start construction on the third phase of the Arcadia Apartments Domenii residential project in Bucharest.
Speedwell Starts Work on Second Building of The Ivy Residential Project in Bucharest
Belgian-held developer Speedwell has started work on the second building of residential project The Ivy on Strada Jandarmeriei in northern Bucharest.
Residential Rents Down from EUR12.4/Sqm Peak in 2008 to EUR7.5
The pandemic led to changes in the residential rental market in Bucharest, both in terms of the average rent apartment owners ask and in terms of potential tenants, who chose to give up livi...
Nordis Group Inaugurates Seaside Hotel, Announces Plans for Residential Development Mamaia Dune
Nordis Mamaia 5***** last weekend inaugurated its new seaside hotel, with a lobby, coffee shop and shopping gallery of more than 1,500 square meters.
Michele Nusco Invests EUR70M in Nusco City
Michele Nusco, the Italian entrepreneur who owns door maker Pinum and real estate developer Nusco, plans to deliver at least 300 apartments a year in Pipera, northern Bucharest, over the nex...
Residential Building Permits Issued Hit 14-Year High in March
Romanian authorities issued 4,456 residential building permits this March, an increase of 39.5% on the previous month and of 38.2% on March 2020. The number of building permits issued reache...
Former Plants in City Centers Make Room for Retail or Residential Developments
Dozens of plants – furniture, cosmetics, food or construction supplies factories, have been taken down in the past two decades to make room for DIY stores, hypermarkets, malls and apartment...
Land Deals for Residential and Retail Developments Keep Market at Over EUR300M in 2020
Real estate developers bought some EUR300 million worth of land in 2020 to build homes and residential projects, real estate consultant Colliers Romania says. However, they either did not bu...