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Articles - residential developments

Hagag Development invests over EUR 20 mln in new residential project in Bucharest

Real estate developer Hagag Development Europe announced that it would invest more than EUR 20 million in a new upper-premium residential project in Bucharest.

Investment of 80 million euros in The Lake Home residential complex in Sibiu

The developer Novarion SA launched this month the first building, a block of flats with 42 apartments, from The Lake Home project, located on the shores of Binder Lake in Sibiu. The project has attracted around € 3 million through two rounds of financing from the Meta Estate investment fund, and is based on innovative concepts, including cryptocurrency payments through Utrust.

Anchor Group to launch newest project Select Residences in Bucharest

Anchor Grup, one of the top players on the real estate market in Romania, announces Select Residences, its newest premium residential complex in the company’s portfolio, after a planned investment of 40 million euros.

NORDIS Group announces start of deliveries for Nordis Mamaia hotel and residential complex

Nordis Group, a real estate developer of premium hotel and residential complexes, officially announces that in July of this year, the delivery of the hotel and residential units from the first stage of the Nordis Mamaia complex will start. By the end of the year, the developer estimates that it will hand over up to 1,000 properties from its beachfront project.

The largest number of homes under construction in Bucharest in history. Transactions increased by 16% in the first quarter

Over 27,000 homes are under construction at this moment in Bucharest and its surrounding according to a report released by real estate consultant SVN Romania. This is the largest number of dwellings under construction in the region in the modern history of the local residential market.

More than 72,000 residential units were delivered in 2021 in Romania, a record level since 1989

72,522 units were delivered across Romania in 2021, a record level on the residential market since 1989, marking a 7% increase compared with 2020, according to an analysis performed by the Cushman & Wakefield Echinox real estate consultancy company based on county statistical data released by the National Institute of Statistics.

One United Properties acquires 3,065 square meters of land to expand the development of One Lake Club

One United Properties, green developer of residential, mixed-use, and office real estate, announces the acquisition of a new plot of land with an area of 3,065 square meters, for the extension of the residential complex One Lake Club, located on the shores of Lake Tei in Bucharest.

Lidl will open a store in Cosmopolis. Target of over 500 homes sold in 2022

Opus Land Development, the developer of Cosmopolis, will invest EUR 30 million this year in the construction of approximately 500 new homes and the extension of the existing strip mall and in the ongoing infrastructure development of the project.

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