InteRo Property Development, owned by the Canadian Topolinski investors family, has kicked off the construction of a new mixed-use project in Bucharest with a valuation of €1 billion. 

More real estate deals will be closed once central banks start to cut interest rates, while Romania is still seeing investment geared towards sustainability in its commercial and residential sectors, concluded speakers of the dealmakers panel of Property Forum’s Spring Networking Party, held in Bucharest.

Fintech start-up MetaWealth has partnered with One United Properties in a €20-million framework agreement for rental apartments. In the first phase, MetaWealth will list on its platform 31 apartments developed in One Lake District, which have a total estimated investment value of €5.5 million. The fintech said that two more assets will be listed in the following 12 months.

Tabogo Property, a company owned by Canadian investor Michael Topolinski, has challenged in court SIF Banat-Crișana’s purchase of a land plot in Bucharest. The financial company won the €33.59 million tender for Belvedere Cigarette Factory last week.

InteRo Property Development, owned by the Canadian Topolinski investors family, will the start the construction of its first premium residential project and a villas complex with a combined value of €54 million.