March
2006
4
REAL ESTATE
 
4
Vol. 2 No.2  
 
 
Property of the month: Vila Rosetti Batistei

     UNIVERSITATII This large centrally- located interwar house, across the street from Mesogios Restaurant on Str Dimitrie Gerota (former Jean Louis Calderon), is now for sale from real estate firm Stentor, for use as either a residence or for a company.

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Petrom builds its own city

     STRAULESTI With a reported 70 million Euro investment, leading oil and gas company Petrom announced plans to build one central office complex in Bucharest, dubbed Petrom City.

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Giant retail and leisure complex due for north capital

     CHITILA United Kingdom-based Modus Properties, with local partner Nova Imobiliare, is planning a 408 million Euro retail and leisure destination in north-west Bucharest, with design aiming to be ready for the second half of 2006 and construction to start in Spring 2007.

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Ramada for Culture Capital

     SIBIU Construction has begun on a new 12-storey hotel in central Sibiu, a project undertaken by Atlantic Travels, part of the Atlassib Holding, and valued at 20 million Euro.

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Property in brief

     STEFANESTI Terra Vision is investing around 20 million Euro in a residential complex, situated in north Bucharest over 25,000 sqm. ‘Ansamblul Stefanesti’ will have four blocks of flats with five floors and a penthouse of 5,500 sqm in each, a nine-floor building with 50 apartments, a mini-mall and bank. The total number of apartments is 370, with surfaces between 45 and 220 sqm

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