Real estate developer Park Properties has purchased a 15,000 sqm land plot on the shores of Lake Snagov, near Bucharest, for a luxury villa residential development.
In addition to SunLake Snagov, the developer is also working on SunLake Residence, SunLake Homes and SunLake Pipera projects.
The developer is currently developing 700 residential units in Bucharest, Pipera, Corbeanca/Balotești and other locations in the country.
Colliers consultants forecast economic growth of just over 2% in 2025, but caution that there are significant risks we could result in a softer outcome.
This strategic agreement is part of TenneT's efforts to modernize the Dutch energy infrastructure, with the aim of increasing the capacity of the electricity grid by at least 30%.
The United States ranked first by country of origin for inbound transactions, continuing a six-year trend.
The most valuable apartment sold during this period is a four-room penthouse with a lake view and a rooftop terrace, sold for €530,000 plus VAT.
The study shows that data-related issues have caused 55% of the organizations to avoid certain Generative AI use cases.