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Investment funds vow EUR 1.7bn for Romanian real estate market the next three years

Publicat la 10.08.2007, 13:12:44

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Investment funds vow EUR 1.7bn for Romanian real estate market the next three years

One of the most important investors on the Romanian real estate market, developer of projects exceeding 1.4 billion euros, Immoeast investment fund said it will fork out more than 700 million euros to invest in real estate projects.

Equest Balkan Properties (EBP) investment fund said it is targeting to draw 50 million euros from the stock exchange market in London where it is listed, planning to spend them in real estate in Bucharest mostly.

Fabian Romania Property Fund Limited is aiming to spend money on carrying out their on-going projects and on financing a series of new constructions, both offices and residences. Britain’s Dawnay Day investment fund, present on the Romanian market, has set as a target for the next several years investments worth 900 million euros, to be spent in real estate countrywide.

Source: Newsin

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