about us | newsletter | contact | archive | members area
Andreea Paun, Griffes
In 2018, we will be delivering Unirii View»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Five billion Euro eco-artery for Dambovita tabled

Bucharest’s Dambovita river from Parcul Izvor to Lacul Morii river could be witness to a green artery in an ambitious ten-year project from a consortium of local and international developers.

November 2009 - From the Print Edition

The 1,000 hectare riverside plans include an eco-park and technology museum around the ramshackle Lacul Morii.
Another park near the Parliament Palace could include an open air exhibition area and sport courts.
The zone currently contains developer River Invest’s Sema Parc project, which includes offices and a plan for malls and housing, as well as student dormitories, the city’s botanical gardens and run-down industrial platforms.
The developer of the ECO Bucuresti 2015 project is the architecture company Space Syntax in partnership with the German Research Institute and NGOs. The consortium is still looking for financing to start works on the project, which could cost up to five billion Euro.
“We could raise this money in five years or even sooner and then we can start the construction, which will last another five years,” Esenghul Abdul, the director of Space Syntax told The Diplomat.
One obstacle is that most of the land plots targeted by the project are private property and the developers will have to convince the owners to sell them at lower prices.
“Most of the land plots are owned by speculators who want to sell,” says Abdul, “not by people who live there and, considering the low number of transactions on the real estate market, I think they will be willing to negotiate.”



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  10794 Views
Daily Info
P3 relocates HQ to Charles de Gaulle Plaza

European investor and developer of logistic properties P3 relocated its headquarters to Charles de Gaulle Plaza, one of the most iconic office buildings in Bucharest, owned by...

Deloitte Romania assists transactions exceeding 500 million Euro in the last three months

Deloitte M&A specialists assisted in transactions exceeding half a billion Euro during the past three months, providing support buy-side and sell-side in M&A, due diligence, t...

Believe in people's potential

"The greatest danger for most of us is not that our aim is too high, and we miss it, but that it is too low, and we reach it." (Michelangelo Buonarroti) This is my motto that ...

Veeam estimates record growth, one billion USD turnover in 2018

Veeam Software posts another quarterly growth, 21 per cent higher than last year. Overall, the financial performance for 2017 was remarkable, with revenues of 827 million USD....

TransferGo attracts 8.6 million Euro financing for international expansion

TransferGo, the international fast online transfer company, has attracted a round of investment of 8.6 million Euro, which is the biggest amount received in a single financing...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

4 Comments

TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

Crosspoint: Currently, there is a relatively small number of green office buildings throughout Romania

2017 has been a good year for the office market all throughout the CEE region: low vacancy rates (Bucharest - nine per cent, Warsaw - 14 per cent, Budapest - 9.2 per cent, ...

Iulius Mall: 2017 a good year both for office premises delivery and office demand from companies planning to expand

Compared to the other countries in the region, Romania still has some catching up to do in terms of high quality office spaces that measure up to European standards, Lauren...

Conadi: One opportunity for the residential market is to deliver high-quality projects adapted to buyers' needs

Romania's residential market has started to recover, coming closer to normality and likely to achieve its maturity soon, according to Daniela Barbu, Marketing Communication...

1 Comment

JLL Romania: 80 per cent of buildings under construction built according to international green standards

Stability and sustainability are the words that can describe the Romanian office market in 2017, according to Madalina Marinescu, Office Department consultant JLL Romania....

AFI Europe Romania: Romanian office market was exceptionally successful in 2017

The Romanian office market in 2017 was exceptionally successful, fuelled mainly by increased expansions and new entries in the IT&C, BPO sectors, as Tal Roma, Business Deve...