www.zfenglish.com - Last update 07:32
Global Finance To Start New Real Estate Development In Bucharest
05.18.2011
Private equity firm Global Finance plans to start a real estate project this year in Bucharest’s Calea Floreasca area, and to resume development on the Global City Pipera compound.
The Calea Floreasca unit will include a 36,000-sqm office building and three residential buildings cumulating 37,000-sqm.
"The investment is hard to estimate at this time, because the project design is not yet complete," Global Finance Real Estate official Aurelia Luca told MEDIAFAX.
The structure will be built near the Ford hall, a historic landmark. The hall will be integrated in the project and it will include 12,000 sqm in retail spaces.
Another plan for 2012 involves the resumption of construction on the Global City residential complex in Pipera, which will include 500 apartments.
The Pipera complex also includes 46,000 sqm of office space, which is 45% rented already.
Global Finance has offices in Athens, Sofia and Bucharest.
- Premier Energy Completes Acquisition Of Two Companies In Romania And Republic Of Moldova
- Impact Developer Contracts EUR7M Credit Facility From Libra Internet Bank For Its Current Activity
- Louis Vuitton Opens Store On Ground Floor Of Athénée Palace Intercontinental In Bucharest
- Fitch Ratings Revises Nuclearelectrica’s Outlook To Negative From Stable
- DRI And OMV Petrom Sign Largest Ever Physical Solar Offtake Agreement In Romania
- JLL: Real Estate Investments May Reach EUR1.2B In 2022, A Record High Since 2008 Economic Crisis
- OPPO Romania: Sales of Smartphones in Romania Reach EUR820M in Jan-Aug
- Dunwell: Over 600,000 Sqm of Warehousing Spaces Were Traded in Jan-Sept 2022
- CBRE: Romania Self-Storage Market Attracts Mostly Companies