Charlemagne Capital Raises EUR 52 Million Fund For Real Estate Development

Real estate company Globe Trade Center Real Estate Investments Romania (GTC) acquired a land north of Bucharest for 10.24 million euros. The land is located on Poligrafiei Boulevard and belonged to the company Mablethompe Investments Limited. More

Engel To Spend 80m Euros On Real Estate Project

Israeli group Engel will invest 80 million euros in a real estate project that will consist in 500 apartments and retail space in Constanta, according to Citigate Dewe Rogerson, the company promoting the project. More

Astra Arad - A Real Estate Business For Burci

The takeover of Astra Vagoane Arad is also a real estate business for Cristian Burci, which could bring the businessman a profit worth several million euros, sources close to the transaction told ZF.In addition to the wagon factory, Burci also took over a plot of land in a central location of that city and an office building, as assets of the plant that are currently not used. More

7m Euros For Offices In Baneasa

Baneasa Business & Technology Park, the company that will develop the office area within the Baneasa real estate project, will take out a bridge loan worth 7 million euros from BRD Société Générale, to fund the start of construction works for the first buildings. More

Spanish Investors Target Romanian Real Estate And Automotive Industries

The real estate, the automotive industry and the infrastructure projects have captured the interest of Spanish investors on the Romanian market. In the industry manufacturing parts for the automotive sector alone the Spanish investors will pump EUR 60 M in the next two years. Approximately half of the investment to be made in the automotive industry will be covered by Spanish company Bamesa... More

Prisecariu, Second Mall Developer In Moldova

A Iasi-based businessman, Danut Prisecariu will invest 21 million euros in the development of a mall in the central area of the Botosani city. Prisecariu will thus become the second-largest Romanian shopping centre developer that comes from Moldova, after Iulian Dascalu, who owns Iulius Group. More

Equest Balkan Properties Buys Land In Bucharest For 5.4 Mln Eur,to Invest 26 Mln

Property investment company Equest Balkan Properties PLC said it has bought circa 10 hectares of land in the Bucharest West logistics park development in Romania for 5.4 mln eur, and plans to invest an extra 26 mln eur there in developing modern logistics and warehousing space. More

Realtors Eye The Bucharest Zoo For Its Top Rated Land

The six hectares on which the Bucharest Zoo stands in the prized northern area of Romania’s capital city are at the center of real-estate companies’ interest. Already a third of the zoo area had been claimed back in 2001 by former owners having their properties nationalized by the communist regime. More

Sale Of Building Drives Impact's Profit Up 40%

The real estate development company Impact Bucharest reached net income worth 3.17 million euros (11.2 million RON) in the first half of this year, up 40% from the same period of last year. The profit was largely generated by the sale of the Construdava office building. More

Real Estate Moguls Start Battle For Obor Mall

The construction of a mall-type commercial centre worth above 100m euros in Obor area of Bucharest is causing the first major battle for a commercial project on the domestic market. More

Engel East Europe Buys Bucharest Plots For Up To 4.6 Mln Eur

Engel East Europe NV has signed an agreement for the purchase of three adjacent plots in Bucharest, Romania, for the development of around 550 residential units in a deal costing up to 4.6 mln eur. More

Israel's Engel Announces Third Real Estate Project In A Month

Engel East Europe, the Eastern European branch of Israel's Engel group, is going to invest in a 500-apartment real estate project, in the Pipera area of the capital city, according to the Citigate DEWE Rogerson company, which is promoting the projects. More