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.

Trasnportation from Bucharest to Brasov

Folks, in case its of interest, we can recommend a good transportation company to get you from Bucharest to Brasov (180km). It will cost circa 70e, perhaps a little less. In addition, the manager (Silviu Stambu) tells me he could even do it for 30e if it co-incides with an exisiting drop-off in the opposite direction. You may even consider a lift share & reduce the cost further still.

You can find him at www.luxurytransport.ro. Please tell him where you heard about him, so he fixes our PC's for free next time they crash!! (I.T. work is his other specialism).

Regards

Damian