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Tag Archives: residential

Futureal Group exits retail project ParkLake and powers ahead in the real estate market of Bucharest through Cordia, its residential investment division

Futureal Group announces an exit worth 19 million euros from the retail project ParkLake, developed by Sonnae Siera and Caelum Development. Futureal participated in the development of ParkLake by financing Caelum Development, the latter controlling 50% of the shopping center. ...

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Cordia Romania, Futureal Group’s residential division, to invest EUR 50 M on the local market in the upcoming year

Cordia Romania, the residential investment division of Spanish Futureal Group, plans to invest EUR 50 million on the local market for the next year, which is part of a long-term development roadmap. The real estate developer aims to deliver about ...

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Residential developers start launching products for diaspora

 Amid constant increase of Romanians who choose to work abroad, residential developers have created products tailor-made for this segment. “According to our estimates, an important percentage from the population of Targoviste and its surroundings are working abroad. For this segment ...

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Atria Urban Resort, new residential real estate project worth over EUR 100 M announced in Bucharest

Străulești Lac Alfa SA, a company owned by SIF Moldova and Cityring Property announces the development of a large-scale residential village with 1,400 apartments set in four phases up to 2023, following an investment of over 100 million EUR and ...

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The map of the real estate projects around Bucharest

130 real estate projects comprising 23,000 tenancy units  are currently under way around Bucharest, with over a quarter of the new houses in Ilfov and Bucharest areas being built in the first such unit. According to an analysis conducted by ...

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EUR 11 M investment in high-end residential development in Herastrau area

Villar Group, the real estate developer which previously build Vitan Business Center and Dorobanti Office Building, is investing EUR 11 million in a new high-end residential scheme of 86 apartments. Vida Herastrau is located in a premium area of Bucharest, ...

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RON 3m Competition Council fines for two companies on the cement market

The Competition Council has fined CRM Ciment and Comnord for more than RON 3 million (about EUR 655,904) for enforcing a merger before it was authorized by the competition authority, according to a press release issued by the institution on ...

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Rents up in big cities

Rents have gone up in Romania in the past two years, ranging from EUR 160 to EUR 7,000 per month in big cities. Of course, the size of the house and the neighborhood make the difference. The upward trend of ...

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New Belgian-Romanian real estate platform investment

A group of Belgian and Romanian investors specialized in e-commerce and IT development will invest EUR 500,000 in a new real estate platform for the residential and business segment. Wizmo.ro, specialized in listing the real estate ads is targeting the ...

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