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Real Estate Briefing - Categorized | Europe, Fund Profile, Investment, Market Moves

Huge investor in Romanian property freezes and cancels projects

Posted on 02 February 2009

From Propertysecrets.net: The giant Austrian investment fund Immoeast has announced it will shelve or cancel 54 real estate projects in Romania worth €2.4 billion, Act media the Romanian news agency reports.

Immoeast, one of the biggest investors in Romanian property, made the announcement in its company financial report covering the quarter between August 1 and October 31….. Full Article: Source

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