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Seven Hills places Romania second in the region by investor preference

Romania, which ranks second after Poland in Central and Eastern Europe in the preference of foreign investors, is a model to follow by any country seeking to develop, said Seven Hills marketing director Nimrod Zvik.

Despite the gridlock affecting international markets and the stalemate the Romanian market has been in for several months now, local property deals might still hit this year six billion euro, said Nimrod Zvik.

In a release sent to Agerpres on Monday, Zvik said that European economies will attract this year more investments than Asia, Russia and South America.

Seven Hills, the BSG Romanian subsidiary, invested some 500 million euro on the local market and targets a double amount this year though projects developed in the Capital City and throughout the country.

BSG is an Israeli investor running business in North America and nine European states. In the last seven years BSG developed residential projects in Central and Eastern Europe with over 11,000 residences handed over.

In Romania, BSG is developing projects in Bucharest (the 1,500-unit West Park Residential, which is now in the second construction stage, others in the Pantelimon and Cotroceni neighborhoods - with 2,000 residential units, plus 2,000 villas in the Bucharest outskirts of Saftica built in partnership). The developer also expanded out of Bucharest through the UpTown residential project sited in Ploiesti, with 252 residential units.

Sursa: http://www.rompress.ro

Tags: residential second romania seven hills euro

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