Real estate developer Ram Global Group, controlled by Israeli businessmen, will invest about 250 million euros primarily on the residential segment in the next three years, as well as in shopping projects and office buildings. The main target of the company is Bucharest, although Ram Global is also looking for opportunities in Cluj, Brasov, Iasi, Timisoara and Constanta. "We will focus on residential projects for the middle-income earners, which is the most important market segment. So far we have invested 100 million euros on the Romanian market, especially in residential projects," stated Moshe Charash, one of Ram Global Group shareholders. The company is currently developing a project called Casablanca, which comprises 1,260 flats in Titan district, a 140 million-euro investment. The project, set to include seven 18-storey tall blocks of flats will be developed on a 36,000 square metre plot of land close to Theodor Pallady Blvd.
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