3/24/09

Real Estate News, Romania 24th mar 2009

  • Romanian real estate developers Concept Investment and Real Estate Development will invest an estimated €500 million in the development of a 28.8 ha real estate complex in Iasi.
  • American real estate company AIG Lincoln and Romanian investment fund Fabian will invest an estimated €50 million in the development of a 24,000 m² office building in northern Bucharest.
  • Israeli real estate developer Gespi Investments will invest €45 million in the development of a 180 unit residential complex in Brasov.
  • Romanian construction company Castrum will finalize a €33 million investment in developing a 3,500 m² office building and a 10,300 m² aparthotel (a variable-term apartment complex with the amenities and features of a hotel) in central Bucharest.
  • Australian real estate developer Southern Cross will invest €10 million in the development of a residential project comprising 92 houses in Tunari, Ilfov County.
  • Irish real estate developer Blackpearl Property invested €10 million in acquiring a commercial centre contract from British investment fund Lewis Charles. The contract includes the development of a mall in Ploiesti, Prahova County, estimated to be a €140 million investment.
  • Romanian real estate company Corvinus International invested €9 million in the development of a four-star hotel in central Bucharest. The 95 room unit will be open for business in May 2009.

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