ARTICLES LABELLED WITH TAG Yitzhak Hagag

Hagag Development Europe has announced the acquisition of 50% of a multifunctional building near Herăstrău Park, as part of a partnership with Niro Investment Group.   

Hagag Development Europe is preparing to reopen the Știrbei Palace on Calea Victoriei, in H2 2025, as a luxury department store. 

Yitzhak Hagag, Co-Founder and Shareholder, Hagag Development Europe, spoke with Property Forum about the increasing demand for the company’s boutique office buildings in central Bucharest and the strong sales book for its residential developments in the city. The company has a development budget totalling €195 million.

Hagag Development Europe has purchased a residential complex under development in Eastern Bucharest, located on a former industrial platform.

Hagag Development Europe has withdrawn from negotiations with SNC-Lavalin for the purchase of an office building in Bucharest, in a deal estimated to have reached over €8 million.

Hagag Development Europe has kicked off the construction works for the consolidation and repurposing of Știrbei Palace on Calea Victoriei. The building will be transformed into H Știrbei Palace, the company's first retail project in Bucharest.

Yitzhak Hagag, Co-Founder and Shareholder of Hagag Development Europe, spoke with Property Forum about the ongoing developments in Romania and the company's plan to invest around €130 million in the local property market in the upcoming years. Hagag also outlined the growing potential of the newly launched private offices division, which has already reached an occupancy rate above 60%.

Real estate investor-developer Hagag Development Europe has received the “Best International Award” for the Renovation/Redevelopment of H Victoriei 139, during the International Property Awards 2022-2023 Gala held in London on February 2nd. 

Andreea Mihai has been appointed as the new CEO of Hagag Development Europe, tasked with overseeing the development of the Romanian operations. 

Yitzhak Hagag, Co-Founder and Shareholder of Hagag Development Europe, talked to Property Forum about the expansion of the company's €300 million portfolio focused on residential and offices in Bucharest and the development plans for the emerging hotel division. The developer is looking to increase its presence across Romania and plans to expand in other European markets in the long term.