April
2006
4
REAL ESTATE
4
Vol. 2 No.3  
 
 
Property of the month

      AVIATORILOR This centrally located patrimony building with original furnishings from the Interwar period is now available for rent.
     Boasting large reception rooms, potential bedrooms or offices and a large basement, 9 Blvd Aviatorilor overlooks one of the grandest streets in Bucharest.

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Industrial wasteland sees mammoth revamp plan

      SEMANATOAREA Huge urban redevelopment projects for the capital seem to be proposed every month and the latest is a 700 million Euro plan by real estate developer River Invest.
     Stretching over a brownfield site of 42 hectares, Sema Park - which is located on the former industrial platform of Semanatoarea in west Bucharest - features a total built area of 659,000 sqm, comprising a complex of office buildings, a mall and a hypermarket, 1,200 apartments and a four star hotel, according to River Invest president Ion Radulea.

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Giant Lithuanian deal banks on south

     BUCHAREST PARCUL CAROL
Lithuanian-based Europa Group Hanner will start developing a 20 million Euro residential com-plex in central Bucharest this month, Regatta officials announced.

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Property in brief

     CALEA VITAN
Plaza Romania and Bucuresti Mall operators Anchor Group will enter the residential segment. This project, near Bucuresti Mall, will cost 35 million Euro and involve 500 flats, said Ibrahim Paksoy, the general manager of Anchor Group.

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