“We have not yet signed anything, but are negotiating with Raiffeisen Bank. We will not forego the project, because it is in a good location and demand for office space is still high,” said Dennis Selinas, representative of Charlemagne Capital in Romania and Manager of the ECDC and European Convergence Property Company (ECPC) funds. To date, ECDC has invested €5.2 million to acquire the necessary land for the construction of the office building.
Selinas added that the local market will become more attractive for acquisitions in this year’s second half. “We are still interested in acquisitions, and are always looking out for new opportunities. We are also interested in developers who are facing finance-related problems, who could become our partners.”
