The Romexpo exhibition centre in Bucharest is to be transformed into biggest mixed real estate project in the country.
The Chamber of Commerce and Industry (CCIR) in Romania and Iulian Dascalu – one of the biggest real estate investors in Romania are planning an investment of €2.87bn to redevelop the Romexpo exhibition centre. This significant project will now become one of Europe’s most significant urban regeneration projects.
Wide ranging changes and improvement will be made and this will include museums and a multifunctional event hall, a new park and green urban connections, traffic flow solutions, the largest business district, over 30,000 new jobs, 12,000 parking spaces, retail and lifestyle centre, and facilities for local entrepreneurs.
“Our constant efforts are aimed at consolidating and expanding Romexpo’s activity, which is the basis of this extensive investment approach. We want to include Romexpo in the international circuit. We are sure that the related functions will have the capacity not only to put us on the map of similar European attractions but also to revitalise Bucharest socially, culturally, and economically. A project of such importance requires the cooperation and involvement of the public and private environment, as well as the support of the authorities and community,” said Mihai Daraban, president of Romania’s Chamber of Commerce and Industry.
