Imotrust Arad develops EUR 3.5 million deposits in Oradea

Imotrust based in Arad will develop industrial deposits with a surface of 20,000 sqm near Oradea, a project worth EUR 3.75 million. The company said at the beginning of the month that it will build two industrial parks and a ... More

Irish co buys 40 apartments in Bansko ski and golf resort

Irish company Muldowney has signed an agreement with Bulgarian developer Hunters Ltd for the off-plan purchase of 40 apartments plus an option for an additional 19 units in the Hunters Castle ski, golf and spa resort near Bansko. ... More

Raiffeisen evolution wraps rough construction of Sofia development

Raiffeisen evolution project development, a property developer focused on Central and Eastern Europe, said it has completed the rough construction of its sofia_sky residential community in the Simeonovo borough of the Bulgarian ... More

Africa Israel unit to buy Bulgarian company

AFI Europe, a subsidiary of Israeli real estate group Africa Israel Properties Ltd., has agreed to buy a Bulgarian company for 52.2 mln euro, the parent company was quoted as saying Sunday by news agency Reuters. AFI Europe ... More

Bulgarian DefMin to place 250 properties on the market

The Bulgarian defence ministry plans to execute swap and sale transactions involving 250 properties around the country in 2007. A total of 108 properties will be swapped for apartments to meet the ministry's department ... More

Real estate transactions of 740 million euros in 2006

Real estate investment transactions attained approximately 740 million euros in 2006, accounting for 59 percent of the overall investments implemented on the Romanian market, starting with 2003 until present, says a study of CB ... More

CTP Invest plans to invest in industrial spaces in Romania

Czech CTP Invest, specialized in offices and industrial spaces developments, plans to invest in Romania, Austria and Slovakia and other states within Central Europe. Currently, CTP Invest gets revenues from renting of EUR 59.8 ... More

Bermo Group to invest EUR 21.5 million in real estate projects

Bermo Group based in Arad will develop until 2009 real estate projects of some EUR 21.5 million. The most important development is a commercial complex of EUR 15 million. The project, named Bermo Plaza, will be located in Arad, ... More

Redevco to invest 45 mln euros in Erzurum

Europe's leading commercial real estate company, Redevco, is preparing to spend 45 million euros to construct a business center in the eastern Anatolian city of Erzurum. The company, a real estate market expert with a ... More

Equest Balkan Properties to revamp Serdika hotel into business center

Equest Balkan Properties, the property investment company focused on commercial, retail and industrial property in South Eastern Europe and primarily Bulgaria and Romania, said it will invest 60 mln euro to repurpose the Serdika ... More

Danish property developer may build shopping mall in Pleven

Danish property developer TK Development is ready to invest 50 mln euro in a retailer center in Pleven, Northern Bulgaria, said municipal PRO Svetlana Kostadinova. The completed mall-type development will either be sold off ... More

Spanish group Alius invests EUR 35 M in residential project

The company Alia Immobiliaria, a subsidiary of Spanish group Alius, will enter the Romanian real estate market with a nearly EUR 35 M investment in a residential compound consisting of 130 luxury apartments in Bucharest’s ... More

Imobiliara to invest EUR 7.4 million in block of flats

Imobiliara based in Bucharest will invest EUR 7.4 million to build a block of flats with 34 apartments near the House of Parliament, said the company’s communication director, Silviu Ioradache. The building will be ... More

Real Estate Development invests EUR 150 million in real estate project

Real Estate Development Iasi plans to develop a residential project of blocks with ten levels, the investment being estimated at EUR 100-150 million. The works will start this autumn and will be finalized in two ... More

Nenad Đorđević sold part of St. Nikola island for 24m EUR

Businessman from Belgrade, Nenad Đorđević, sold his share of property in the western part of Budva’s St. Nikola island, better known as Hawaii, for about 24m EUR. Đorđević, who is currently ... More

Bulgarian REIT Activ Properties buys Plovdiv land plot

Bulgarian real estate investment trust Activ Properties has bought for an undisclosed amount 16,522 sq m of land in Plovdiv, said the company's executive director Dilian Panev. The acquisition boosts the area of the land the ... More

Former Carlton Hotel to go on auction block

The Savings Deposit Insurance Fund (TMSF) will hold an auction for former Carlton Hotel land in İstanbul’s Yeniköy district that belonged to the Toprak Group. The land has an estimated value of YTL 49.5 ... More

Metis Capital takes over Cerna Hotel

Israel’s Metis Capital is the new owner of Cerna Hotel in Bucharest, after taking over the company which held the accommodation facility for EUR 2.6 M, Mediafax reports. Metis Capital will pay another EUR 400,000 for ... More

SIF Transilvania will invest eur 25-30 m into tour operators

SIF Transilvania will invest around EUR 25-30 M for upgrading the hotels within the portfolio. The company also considers expanding by new accommodation and treatment capacities. “We want to modernise Orizont Hotel from ... More

Piraeus Bank purchases EUR 5 million office building in Bucharest

Greek financial institution Piraeus Bank purchased through Trieris Real Estate Management division an office building of 2,800 sqm surface in Bucharest with EUR 5 million. The building was rented for ten years to a French media ... More