Brits Buy Everything In Sight On Real Estate Market

Real estate transactions on the Romanian market, regarded as one of the most attractive business opportunities at the moment in Europe, have drawn some of the biggest players in this field. More

35m-euro Residential Complex In Northern Bucharest

American investment company Ferco Investments will develop a residential complex in the North of the Capital, in which it will invest 35 million euros, says real estate company CB Richard Ellis. More

Engel East Europe Buys Land In Bucharest For 46 Mln Eur Development

Filminute is an online, international one-minute film festival featuring 27 of the world’s best one-minute films. The final selection includes films from UK, Canada, China, Australia, Germany, USA, Greece and Romania. The Romanian contribution of six films is extremely impressive! More

First Phase Of The Baneasa Commercial Area Completed

The first phase of the Baneasa Commercial Area - the largest retail space in Southeastern Europe, located in the northern part of Bucharest, is complete, upon the opening of a Mobexpert store.

Prices Of Apartments In Old Buildings Expected To Drop

The price of new apartments situated in the center and north of the capital will increase in the coming months, while apartment prices in old blocks of flats are expected to decrease, according to a study of real estate company DTZ Echinox.

Bucharest–Ploiesti Highway To Be Built By A Romanian Consortium for EUR 200m

The Romanian consortium consisting of companies Euroconstruct, Spedition UMB and PA&CO International won the tender related to the construction of Bucharest – Ploiesti highway segment, according to Minister of Transports, Radu Berceanu. More

Govt. And Kucuk Reach Agreement On Casa Radio

The representatives of the Government and those of the Turkish company Kucuk have reached an agreement on the start of construction work on Casa Radio (Radio House). The two parties agreed to have the total investment increased from 130 million dollars to 160 million euros, and the state interest in the project raised from 10% to 15%. More

Enterprise Investors Puts EUR 35m Into Construction

Polish Enterprise Fund V (PEF V), a private equity fund managed by Enterprise Investors (EI), has purchased construction material producer Macon Deva for EUR 35 million. More

Baneasa Sells Penthouses For Almost 4m Euros

Baneasa Investments, the developer of the real estate project Baneasa in Bucharest has sold all the penthouses available in the residential complex set to open in February next year, after having completed the first stage of the apartment building project. More

Payments For Bucharest-Pitesti Highway Stopped Because Of Low Quality Works

Minister of Transportation Radu Berceanu said the payments to the construction company that repairs the Bucharest-Pitesti Highway were stopped because of the poor work quality. "I am not satisfied with the works on the Bucharest-Pitesti Highway, as I have noticed at least three areas where the road is not straight," said Berceanu.

AIG/Lincoln Invests 34m Euros In Local Estate

U.S.-based AIG/Lincoln will enter the local real-estate market by initiating the development of an office building in partnership with the Fabian Romania Property Fund.

HP To Take Up 15,000 Sqm Of Office Space In The Capital

Global E-Business Operations Centre HP, the local branch of the second biggest personal computers maker in the world, has rented 7,300 square metres in Novo Park in the capital city. The deal is one of the biggest closed on the market this year, according to real estate company DTZ Echinox, which handled the transaction. More

29 September 2006

Ivan And Irish Partners Invest 100m Euros In Real Estate

Businessman Marius Ivan, one of the founders of the paint and enamels business Dufa Romania and the former general manager of Henkel Bautechnik Romania, this year invested some 100 million euros on the real estate market in Bucharest, together with Irish investors. More

Real Estate Transactions Worth 212m Euros In H1

Deals involving office buildings in the first half of this year weighed 75% in the overall transactions reported on the Romanian real estate market, reveals a survey by CB Richard Ellis real estate firm More