Fabian Romania Buys Office Building In Bucharest For About 60 Mln Eur

Fabian Romania Property Fund Ltd said it has agreed to buy a class A office building in North Bucharest for about 60 mln eur. The real estate investment trust said it will initially pay 12.25 mln eur for the building with a gross area of about 44,000 square metres, 5 mln eur of which has already been paid in the form of a secured loan. More (Source: Forbes.com, 2007-05-02 06:00)

America-Israel To Build New Apartment Project In Bucharest

The Israeli company America-Israel, involved in construction projects in Israel and Canada, is expanding its construction business to Romania, and has acquired land for a new project in Bucharest. More - (Source: International Source, 2007-05-02 06:00)

Dita Founder Looks At Real Estate

Businessman Adrian Tarus, founder of the pharmaceuticals distribution company Dita, has stated that he intends to become involved in real estate as well as in a new drug distribution business, after selling Dita to the Gedeon Richter group for 14.5 million euros last year. More

Fabian Romania Buys Evocenter Office Building In Bucharest For 4.9 Mln Eur

Fabian Romania Property Fund Ltd said it will purchase the Evocenter office building in Bucharest for 4.9 mln eur and said it expects a 9 pct yield from building, once fully let. Fabian Romania said the seven-storey Class A building will be completed in summer this year and will have 3,000 square meters of lettable area. More from ShareWatch.com

Price Of New Housing Units In Bucharest To Go Up 15-20 Pc A Year

The price of housing units built in new residential complexes in Bucharest will continue to increase in the next two-three years, by an average 15-20 per cent per year, and the demand will reach 10,000 units a year by 2010, reads the latest report by Colliers International, presented by Mediafax. More

Immoeast And EFG To Invest 300 Million Euro To Build Logistics Centers In Romania

Real estate investment fund Immoeast and developer European Future Group (EFG) will invest 300 million euro in the coming years to build several logistics centers in Romania. An Immoeast press release says the Austrian fund will build eight to ten such centers with a total rent area of 400,000-500,000 square meters. More

Tagor, Patron Capital To Invest NIS 1b In Romania

Tagor Capital Ltd. (TASE:TGCP) and Patron Capital Ltd. have signed a four-year cooperation agreement to invest €56 million (NIS 307 million) in shareholders equity developing residential and commercial properties in Romania. More

Real Estate Boom Doubles Revenues For Consulting Companies

Investments worth billions of euros, along with the presence of world-class investors, as well as the fact that Romania is one of the main targets for investors in the region are some of the main factors behind the booming financial results being witnessed by companies on the local real estate market. More

Romanian Construction Retailers See Profits Double

The biggest Romanian-held distributors of construction materials, Dedeman of Bacau, Arabesque of Galati and Ambient Sibiu, registered profit increases of between 60% and 100% last year, according to preliminary reports. More (Source: Ziarul Financiar, 2007-05-08 06:00)

 

Romania Allocates Some $4.7 Million For Industrial Park Construction

The Romanian government on Wednesday decided to allocate 12 million lei ($4.7 million) for funding the infrastructure work and the utilities network of an industrial park in central county of Cluj, where Finish mobile phone manufacturer Nokia is to build a factory and research center. More

Romania's Construction Sector To Surpass Agriculture In GDP For First Time

Construction sector is expected to grow by 17% in 2007, surpassing the farming sector in terms of percentage of GDP, the Romanian National Commission of Prognosis said Thursday. More

Immoeast Buys Euromall Pitesti For Almost 90 Million Euros

Immoeast, the most active real estate investment fund on the domestic market is in advanced talks to purchase the Euromall Pitesti shopping complex. According to sources on the real estate market, the deal is valued at around 90 million euros. More

200,000 Sqm Of Office Space Pending Authorisation In Pipera

In recent years, the northern areas of Bucharest, such as Baneasa and Pipera, have undergone considerable developments in terms of office space, with developers pumping more money into projects in these areas amid the lack of available space in the centre of the city. More

Billion Euro-plus Casa Radio Project

Ongoing developments at the Casa Radio project will witness a new Centre Ville aparthotel. The project, on the banks of the Dambovita close to Eroilor Metro station, will include a luxury shopping centre of over 120,000 sqm and a hotel. The plans for the entire Casa Radio project have already started and the time-frame for completion is by 2017. Elbit Medical Imaging, part of Europe Israel, will invest around one billion Euro in the project. More

Austrian Property Firm Immoeast Ups Capital By EUR 2.8 Bln Tofund EUR 6 Bln

Project Austrian listed property company Immoeast AG increased its share capital by EUR 2.8 bln in a secondary public offering to finance its EUR 6 bln real estate investment program focusing on South-East Europe and mainly Romania, Romanian national daily Ziarul Financiar reported Wednesday. More

Futureal, Immoeast To Build EUR 97 M Shopping, Entertainment Centre In Romania

Futureal Group, a dominant palyer on the Central European real estate market and Immoeast AG, the leading real eastate fund in CEE, have announced on Friday they would jointly build a giant shopping centre in Romania. More from Portfolio.hu

America House Invests 35m Euros In Housing

Turkish-based Ozer Construction, builder of the America House and the Bucuresti Mall shopping centre, will invest 35 million euros in developing two residential projects in Sinaia and the Aviatiei area of the Capital. Following this decision, the company also intends to enter the real estate development sector after previously only being involved in construction. More

 

Poalim Real Estate Sells Romanian Project Stake For €42m

Private equity fund Poalim Real Estate, jointly owned by Poalim Capital Markets - Investment Bank Ltd. and Czech company Neocity Group, has sold half of its Colentina Peninsula residential project in Bucharest for €21 million. More