ARTICLES LABELLED WITH TAG Bucharest

Kesz Group, one of Hungary's largest construction companies, has purchased a land plot of 16,000 sqm in northern Bucharest for an undisclosed sum where it plans to develop a residential complex. 

Radisson Hotel Group is planning to grow its portfolio of brands operating in Romania and will roll out new formats on the local market. 

CTP Romania, the largest developer and owner of warehouses in the country, has more than 270,000 sqm currently under construction in Bucharest and regional cities, accounting for around 26% of all development underway at the group level. 

Property group Globalworth has obtained the WELL Health-Safety Rating for the entire portfolio of almost 500,000 sqm consisting of 15 office buildings in Romania. 

Romanian Impact Developer & Contractor has secured a €5 million loan from OTP Bank for the refinancing of investments. 

Property developer Speedwell has signed a Promissory Sales Purchase Agreement for a 9-hectare land plot with the purpose of building a new project in Bucharest’s District 1. 

Logicor, the owner of manager of logistics projects, has completed the development of a new warehouse in Mogoșoaia, Bucharest. The project with a leasable area of 38,000 sqm is part of the Logicor Bucharest I logistics park.

Bucharest's Mayor Nicușor Dan said that the city needs a “correct urban development”, while the permitting process for property investments will be updated to include tougher criteria that have to be met by developers.

US-based Mega Company has successfully secured a €20.6 million loan facility for Mega Distribution Center, a 45,000 sqm logistic park located in Bucharest. 

Primavera Development and Griffes have announced the launch of the construction of the Muse office building, to be located close to Miorita Fountain, in one of the most reputed office areas in Bucharest. The area offers unrivalled road connectivity and accessibility on DN1, towards both the heart of the city and the airport outskirts but also the high prestige of a historical neighbourhood. The total investment will exceed €16 million and is scheduled to be delivered in 2023.