“At present Romania offers many opportunities on the real estate segment. The market is currently operating at a very low level compared to the last years, but there is still demand for leasing commercial spaces, especially in the neighbourhood areas of large cities. We’re planning to invest in Romania in the next year also and we estimate we will reach a EUR 5 million local portfolio by the end of 2015″, according to Florina Jurchita, investment director Tavirama Romania.
The group’s press release didn’t offer any details regarding the identity of the sellers or the value of each individual transaction.
Tavirama is a private investment fund active mostly in real estate markets. The fund owns assets in Luxembourg, United Kingdom, France and, now, Romania. (Source: business-review.eu)