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Israeli developer Profit Building to invest EUR 500 mln in Romanian property projects.
Hungary Business News
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September 12, 2008
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Israeli developer Profit Building to invest EUR 500 mln in Romanian property projects
BUDAPEST. SEPTEMBER 12. INTERFAX CENTRAL EUROPE - Israeli developer Profit Building Industries is planning to invest around EUR 500 mln in Romanian property projects in the coming years, Shai Fixler, the company's legal representative in Romania, told Interfax.
"We have so far invested EUR 20 mln in land acquisitions, an investment that has now appreciated fivefold due to significant land price growth in Romania," Fixler said. "For developing all projects on these sites, ...
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