Real Estate
Element Industrial Invests EUR37M in 72,000 Sqm Logistics Park near Bucharest
Logistics developer Element Industrial, owned by Ionut Dumitrescu and Muler Onofrei, is starting construction on a new logistics park - Eli Park 3 – of 72,000 square meters, in the Chitila-B...
Gran Via Seeks To Continue Development Of Aviatiei Apartments, Gran Via Marina Projects
Spanish real estate developer Gran Via wants to also continue in 2021 the extension of the Aviatiei Apartments project in capital Bucharest and the Gran Via Marina project in the city of Con...
Largest Romanian Office Space Owner Buys Victoria Site Near West Gate Complex in Bucharest
The largest Romanian owner of office space, Liviu Tudor, is consolidating his position in the west of Bucharest after buying the former mattress plant Victoria site from businessman Dragos B...
NEPI Rockcastle Starts Works on Expansion of Promenada Mall
NEPI Rockcastle, the biggest mall owner in Romania, has started work on expanding the Promenada mall and on the office building to be integrated into the shopping center in the north of Buch...
Local Entrepreneur Invests EUR10M in Boutique Villa Project in Northern Bucharest
Alina Marulis, a Bucharest entrepreneur with 16 years of construction experience, is investing EUR10 million in a boutique project consisting of 12 villas located in the Baneasa forest area...
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...
Qualis Properties To List Corporate Bonds on Stock Market in Spring
Brasov-based real estate developer Qualis Properties has raised RON10.2 million in a private placement of bonds maturing in 2024 and an annual interest of 9%, brokered by BRK Financial Group...
Vastint Plans to Start Working on Phase II of Timpuri Noi Square in H2
Swedish developer Vastint that built the Business Garden Bucharest office buildings on Calea Plevnei in Bucharest and is working on the Timpuri Noi Square in the same city plans to start con...
Romanian Cities Of Brasov And Cluj See EUR65M Real Estate Deals In 2020
The total value of properties transacted in 2020 by real estate agency Blitz amounted to EUR65 million in the Romanian cities of Brasov and Cluj, and over 30% of transactions were carried ou...