With an investment budget of €100 million for this year, Hagag Development Europe remains open to new opportunities. Yitzhak Hagag, Chairman and Board Controller at Hagag Group spoke to Property Forum about current projects and future plans for the Romanian market.
Real estate developer Hagag Development Europe started construction works for its residential project H Eliade 9 Residence. The development budget amounts €16 million. 40% of the available units have been already sold in the pre-construction phase.
Real estate developer Hagag Development Europe extends its collaboration with Global Vision. In addition to the property management of the developer’s office building H Victoriei 109, Global Vision will provide property management services for the residential project H Pipera Lake.
Real estate developer Hagag Development Europe finished construction works – refurbishing and reconversion – for its office project H Victoriei 109 in Bucharest. The building will be delivered following the final reception protocol. Up to the present time, 50% of the GLA has been contracted.
Real estate developer Hagag Development Europe received the building permit for H Eliade 9 Residence, its new residential project to be developed in Bucharest, Romania. Construction works are scheduled to start this August. €16 million will be invested in the new resi-scheme. Over 35% of the available units have already been contracted.
Israeli-owned real estate developer Hagag Development Europe has received the urban planning certificate for the restoration of Știrbei Palace in Bucharest which will be converted into a modern office building.
Real estate developer Hagag Development Europe and Global Vision signed a collaboration agreement for the property management services of Hagag’s office building H Victoriei 109. Thus, Global Vision takes over the administration of the property located on Calea Victoriei.
Real estate developer Hagag Development Europe has completed the structure of the first three buildings related to the first phase of the large-scale residential project H Pipera Lake. Construction works for buildings 4 and 5 reached the ground floor. Out of the total number of apartments available in the first three buildings, 60% have already been sold
Real estate developer Hagag Development Europe continues its investments in Bucharest by adding a new office property to its local portfolio: Tudor Arghezi 21. The transaction value exceeds €9 million.
108 Agency has secured a lease of 7,800 sqm of commercial space for company Van Eupen in P3 Lovosice with a strategic position in the desired location in the Ústí nad Labem region.
Sony Romania extended its leasing contract for office space in Bucharest Business Park, owned by CA Immo, for 5 more years. The company has rented a 400 sqm office since 2005.
Abris Capital Partners has extended its lease for offices in the freshly refurbished Grzybowska Park in Warsaw and expanded its office to 1,650 sqm. The landlord was represented during the lease transaction process by real estate advisory firm Savills while the tenant was advised by Nuvalu Polska.
New appointments
CBRE Romania has promoted Florin Ianculescu-Popa to Director of Valuation within the Valuation & Advisory team.
Romanian developer One United Properties has appointed a certified expert accountant, Cosmin Samoilă as Chief Financial Officer.
Cornelia Dragomir has been promoted to Associate Director Valuation within the Valuation & Advisory team of CBRE Romania.
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