ARTICLES LABELLED WITH TAG Romania

Primavera Development and Griffes have announced the launch of the construction of the Muse office building, to be located close to Miorita Fountain, in one of the most reputed office areas in Bucharest. The area offers unrivalled road connectivity and accessibility on DN1, towards both the heart of the city and the airport outskirts but also the high prestige of a historical neighbourhood. The total investment will exceed €16 million and is scheduled to be delivered in 2023.

CTP, the largest developer and owner of industrial projects in Romania, will expand its CTPark Bucharest North project by 95,000 sqm.  

Property developer Speedwell has signed a new financing agreement with Banca Transilvania and received an €8 million loan for Phase 2 that is currently under construction and the future Phase 3 of the Triama Residence project in Bucharest. 

Belgian group Atenor has appointed Colliers to offer complete property management services for the Dacia One and @Expo office projects in Bucharest. 

Romanian Akcent Development will invest around €75 million in Akcent City, a new residential project with 810 apartments located in the Bucureștii Noi area of northern Bucharest. 

Romanian Prima Development Group will invest around €40 million in Green Residence, a new residential project in Oradea comprising over 800 apartments. 

Property developer White Star Real Estate says it has obtained the building permit for Liberty Residential, which will be integrated in Cluj Napoca-based Liberty Technology Park. 

InterContinental Romania has finalized the hotel operating contract with IHG Hotel & Resorts so the name of the property in central Bucharest will be changed to Grand Hotel Bucharest. 

CBRE has appointed Carmen Ravon as Head of Retail Occupiers for Central and Eastern Europe (CEE) in a bid to consolidate operations in the region.

Property company Hagag Development Europe has taken over a land plot of 1,362 sqm in the high-end area of Primăverii in Bucharest for €8 million plus VAT.