Bouwfonds Property Management, the real estate investment arm of Dutch bank Rabobank, intends to invest 25 million euros next year in a 100 to 150-home residential project in a city outside Bucharest. "As the real estate market in Romania is developing very quickly we are currently looking closely at the residential sector of the market and are interested in opening an office in Bucharest at the end of 2007 or the beginning of 2008," Han P.T.M. Joosten, market research manager at Bouwfunds Property Management, told ZF. The company is one of the biggest real estate developers in the Netherlands and intends to develop real estate projects as part of a joint venture with a Romanian company. "Our strategy is to put together partnerships with local developers and, when we open the office, we intend to hire Romanian managers to run our operations," specifies Joosten. As there are already many developers on the Bucharest market, the Dutch are considering investing in one of the developed cities outside Bucharest. The company has expanded its operations in Central Europe over the last few years and last year entered the Hungarian market. "When we begin operations in Romania, we want to stay here as long as possible, as we have done in other European countries. For instance, we have been present in the Czech Republic for over ten years and continue to develop projects there. Our target is to develop residential projects which will include up to 1,000 homes," added Joosten.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
