D4 Investments recently opened an office in Bucharest, as Romania is the company’s main investment target in Eastern Europe, according to a press release published by the company. Funderburk, who served as ambassador from 1981-1985, founded the company last year with businessman Don Rosacker, currently CEO of the company.
The office in Romania is to be managed by Daniel Costea, previously lawyer with Bostina si Asociatii law firm and for landline phone operator Romtelecom.
“Given that the Bucharest market is very competitive, we are considering the rest of the country. We are mainly interested in Timisoara and Cluj, where we foresee possible residential projects,” Costea told Business Standard.
The company is involved in ongoing negotiations to acquire two pieces of land in Bucharest, where it plans to develop residential, commercial and industrial projects.
Former U.S. ambassador to invest €100 mln in local real estate
Publicat la 20.01.2008, 22:00:00
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