This means that BlackPearl would become a direct competitor of investors such as TriGranit, Baneasa Investments, and Tiriac Imobiliare.
The company’s Communication Manager, Michael de Laufenburg, said that the developer is not likely to change its strategy on land acquisition in key areas in the near future, with funds from shareholders, in order to develop mixed projects.
The lack of liquidities has forced a series of investors in the industry to put plots of land up for sale, at prices lower on average by 30 percent.
BlackPearl is interested in partnership opportunities with other developers and in continuing projects which are to be foreclosed by banks.
