ARTICLES LABELLED WITH TAG Romania

19
Jun
2018

Data centres rise as investment products

by Property Forum
Romania ranks 6th in the top destinations in the data centres market in Europe, while the Nordics and the Netherlands occupy the first positions, according to Savills’ new Data Centre Investment Index. The number of data centres is multiplying to accommodate the surging demand for data storage. Thus, the need to have smaller scale domestic facilities to comply with data and privacy laws is set to lead to an uptick in activity across all of Europe.
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19
Jun
2018

AFI Europe launches Bucharest residential project

by Property Forum
AFI Europe Romania broke ground this month on AFI City, the first large-scale residential project to be developed by the company in Romania. TGC was assigned as the general contractor for the first phase of the project.
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19
Jun
2018

Immofinanz sells plots of land in Bucharest

by Property Forum
Immofinanz has sold two plots of land managed by Adama, a developer part of theImmofinanz group, to Speedwell Real Estate Development. The buyer plans to expand its residential and office development portfolio in the northern part of Bucharest. The purchase price has not been disclosed.
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18
Jun
2018

AFI Europe Romania names new CEO

by Property Forum
AFI Europe Romania announced the appointment of Doron Klein as CEO of the company starting from July 2018. Doron currently leads AFI Europe’s Czech operations. He will replace David Hay, who held the position of CEO of AFI Europe Romania over the past seven years.
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10
Jun
2018

New player enters Bucharest’s logistics market

by Property Forum
Element Industrial, a property developer founded by businessman Ionut Dumitrescu, has recently entered the logistics market by announcing its first project, Eli Park 1 in the Chitila area, west of the Romanian capital. The project will require an investment of €25 million.
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10
Jun
2018

Nova Imobiliare to spend €30 million on Bucharest mall

by Property Forum
Nova Imobiliare announced the €30 million expansion of Colosseum Mall, in the north-western area of Bucharest. Construction is scheduled to start later this year and the inauguration will take place in the first half of 2019.
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10
Jun
2018

New residential developer enters Bucharest

by Property Forum
Prime Kapital, a property developer established by four former top executives of NEPI, will be developing its first residential project in Romania, called Avalon Estate. The 800-unit project, located in northern Bucharest is due for completion in 2024, zf.ro reports.
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10
Jun
2018

C&W Echinox estimates 33% increase in valuation volumes

by Property Forum
The valuation department of the Cushman & Wakefield Echinox has evaluated over 700 properties in 2017 with a cumulative value of €3.1 billion, while estimating an increase of 33% of the valuation volume, to the level of €4 billion during this year.
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07
Jun
2018

Immochan rebrands as Ceetrus

by Property Forum
On June 5, 2018, Immochan becomes Ceetrus. A symbol of the transformation that the company has been going through for two years, this new name is meant to embody its evolution from a commercial real estate company to a mixed-use real estate developer.
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04
Jun
2018

CTP grows its portfolio in CEE

by Property Forum
CTP continues to grow its industrial and logistics portfolio in Romania, the Czech Republic and Hungary. The developer also secured €35 million refinancing for two of its Czech hotels. CTP posted an update on its operations in several countries.
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