Property of the month: Aristocratic attraction
BUFTEA Standing on open and forested land northwest of Bucharest this historical palace, with the romantic aura of the fin de siecle, is up for sale for 9.5 million Euro from real estate agency Euroest.
One of the few classic aristocratic residences available to purchase in Romania, this could either be a grand country residence or a significant investment for an enterprising imagi-nation.
Italians plan massive complex near former sports centre
Italian real estate developer Cefin Real Estate is pouring more than 200 million Euro in two residential projects and a complex comprising a hotel, office building and a conference and retail centre.
BARBU VACARESCU In office building, the company has bought land in the Barbu Vacarescu area, near the former Cutezatorii sport complex, where it plans to build a multifunctional complex, which will comprise a hotel, an office building and a conference and retail centre.
New apartment block compound heads south
168 SPLAIUL UNIRII Indian Group Asmita is building a seven building residential compound with heights between 16 and 24 storeys in a 130 million Euro investment to be finished in 2009.
Property in brief
BLVD UNIRII Bucharest City Hall and representatives of real estate developers Trigranit last month signed a memorandum to develop the one billion Euro Esplanada project in central Bucharest. Construction is scheduled to begin next year and the first stage is to be completed in about seven years. The project will include 210,000 sqm of office, 90,000 sqm of lodging and 120,000 sqm of commercial and entertainment spaces.