Real Estate Project Worth 40 Million Euro on the Plot of the Former Grivita Brewery

Ionut Dumitrescu, the entrepreneur who bought at the end of last year the land plot of the former Grivita brewery from Bucharest, will build on the plot of 28,000 square meters near Basarab Drive an office project, a commercial center and an entertainment area that will include a beerhouse too. The investment in this project is estimated at some 40 million euro. Dumitrescu, one of the founders of the real estste consultancy company Eurisko, which he sold to CBRE group, has started few weeks ago, along the German group Kaufland, to demolish most of the buildings of the former brewery, bought for about 10 Read more

150M Euro Investment in a Mall in Bucharest

NEPI investments fund will start in October the construction works on the mall next to National Arena from Bucharest, which will require an overall investment of about 150 million euro. New Europe Property Investment (NEPI), who owns real estate assets worth over 600 million euro in Romania, has bought on Wednesday 70% of the project of the commercial center Mega Mall in the east of Bucharest, and plans to build the mall by the middle of 2015.

Mega Mall is a project initiated by the Austrian group Real 4 You in 2007 – 2008, when they bought the land plots of the Electroaparataj factory in Pantelimon neighborhood from NCH US group in a deal worth some 60 million euro. A part of the seven hectares plot was sold to Kaufland, who started recently to build there a hypermarket. On the remaining 5.1 hectares, the Austrians Read more