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.
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.
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.
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.
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