Globalworth starts the construction of the last phase of Globalworth Campus
21 June 2018 • Real estateGlobalworth, the leading office investor in Central and Eastern Europe (CEE), starts the construction of the last phase of Globalworth Campus complex, Tower 3 building, with a total leasable area of 35,000 sqm.
Developer AFI Europe announces new CEO for Romania
18 June 2018 • Real estateIsraeli group AFI Europe, one of the biggest real estate developers and investors in Romania, appointed Doron Klein as CEO of its local subsidiary, starting July.
British investor puts EUR 30 mln in new mall in Northern Bucharest
19 June 2018 • Real estateNova Imobiliare, the company that owns the Colosseum retail park in Northern Bucharest, will invest some EUR 30 million in expanding the project with a mall.
Unirii View, the tallest modern building in the centre of Bucharest, takes shape
11 June 2018 • Real estateUnirii View, a project which will be the tallest modern office building in downtown Bucharest, is taking shape. Construction works are advancing in a sustained rhythm and the building will dominate the outline of the ultra-central area of Bucharest, reaching the 11th floor and a height of 45 meters at the beginning of next month.
Where do expats prefer to live in Bucharest?
5 June 2018 • Real estateSome 70% of expat managers and foreign diplomats come to Romania with their families, so they prefer to settle in northern Bucharest for the large parks and green areas, access to international schools and kindergartens, and the availability of premium apartments.
Foreigners Buying Property in Romania
6 June 2018 • Real estateThe Romanian Legal System establishes precise regulations concerning the matter of ownership right over real estate in Romania. There are several distinct instances that must be explained in order to fully understand the overall legal approach. Foreign citizens can acquire real property in Romania, but only on certain conditions. These limitations generally concern immediate economic criteria that Romania had to fulfill as an active member of the European Union.