Austrian investment fund Immoeast has acquired the real estate portfolio of UK-based Longbridge for some 200 million euros. The portfolio comprises several plots of land, such as the site of the former Rocar plant in Bucharest, where a commercial project is planned for construction. "We bought Longbridge's portfolio at the end of the third quarter of 2007-2008 fiscal year, comprising five residential projects in Romania and totalling 300,000 square metres (...) The biggest project is Ventilatorul Park in Bucharest. Besides the residential projects, the retail project Rocar Park, whose lettable area stands at 60,000 square metres, is underway," reads the company's financial report. In comparison, Bucuresti Mall's total area covers about 40,000 square metres. Sources on the real estate market say that Longbridge is controlled by several Israeli businessmen and believe Immoeast paid nearly 200 million euros to buy Longbridge's land.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
