Glenway Holdings Group (GHG) is a progressive specialist property development company established to deliver quality construction projects on time and within budget. Our company is focused on residential, mixed-use and commercial office & industrial developments in prime locations in Romania & Bulgaria, Our company ethos is to provide our clients and partners with a superior service by continually improving our quality processes, providing exceptional management capabilities and by adding value through proactive and innovative solutions to our clients requirements.
Our company intends to deliver world-class developments in Romania & Bulgaria, we will consistently exceed client expectations, delight end-users, bring tangible benefits to the local communities and contribute significantly to increases in property values in the surrounding areas. GHG has acquired a development pipeline consisting of sites across prime areas in Romania & Bulgaria and will construct on these developments sites over the next number of years, GHG continues to look at development opportunities across Romania and is well placed to move quickly and decisively.
At Glenway Holdings Group (GHG), the integrity of our staff form the cornerstone of our established reputation as your partner, contact us to discuss your future investment plans and Glenway Holdings Group will help you transactions where opportunistic returns can be generated
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Glenway Holdings Group is always seeking collaboration with Investors & Developers to work on projects in the expansion of our activities in Romania & Bulgaria Real Estate market, please contact us to discuss your proposals.
The Glenway Holding Group Team
South-African investment fund New Europe Property Investments (NEPI) invests EUR 20 million in the expansion of Sibiu Shopping City, after paying EUR 100 million on acquiring the property this summer.
According to the company, the commercial gallery in Sibiu will be reconfigured by building a new level on an area of about 11,000 sqm. The new space will come with 50 new shopping spaces, as well as a new entertainment and restaurants area. Moreover, the mall will also have a movie theater.
The revamping will cover an area of over 40,000 square meters and the planned changes will transform the design of the current shopping center.
“Through Sibiu Shopping City, we continue NEPI strategy to increase the value of our retail properties. (…) We consider Sibiu Shopping City as a flagship project for NEPI,” Adina Ciobanu, asset manager within the company.
Currently, Shopping City Sibiu has a GLA of 79 100 sqm and Auchan, Carrefour, Mobexpert, Leroy Merlin, Altex, Flanco, Decathlon, Hervis, C & A, H & M, New Yorker, Deichmann, Humanic, DM and Takko are among the tenants.
NEPI bought with EUR100 million the shopping center which was previously owned by Argo Group. The South-African investment fund is the largest developer on the local market and owns an extensive portfolio of shopping centers in Romania, Slovakia, Croatia, Czech Republic and Serbia.
The average demanded price for the available apartments increased slowly in November compared with October by 0.2 percent at national level, from EUR 1,042 to 1,044 per square meter, but the current value is 8.3 percent higher than in the similar period of 2015, accoring to imobiliare.ro.
Out of the big analyzed cities, most of them registered decreases, the exceptions being Cluj-Napoca and Timisoara, where the growth margin of prices after 12 months exceeds the level of 10 percent.
In Bucharest, the owners’ prices demand fell by 1.1 percent in November from EUR 1,141 to EUR 1,129/sqm. The decrease from the last month was held exclusively by the new apartments, that got slightly cheaper (from EUR 1,198 to 1,168/sqm), while the old buildings apartments increased by 1.1 percent (from EUR 1,062 to EUR 1,074/sqm).
In Brasov, the average price demanded dropped by 0.8 percent in the last month (from EUR 908 to EUR 901.sqm) but it’s 3.4 percent higher than a year ago (when it reached EUR 871/sqm). In November the older apartments got more expensive by 0.9 percent (from EUR 904 to EUR 912/sqm), but the price of the newest ones decreased from EUR 926 to EUR 868/sqm.