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Former NEPI managers deploy residential investment in Romania

13 September 17 - RE+D Magazine
Former NEPI managers deploy residential investment in Romania

COMPANIES

IBI Group

Consultant - GREECE

Savills

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

Solum Property Solutions

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Prime Kapital and MAS REI are planning to develop a residential project in Romania.

 

Prime Kapital, which is backed by two former NEPI fund managers and was partnered with the South-African fund MAS REI last year, has recently purchased Bucurestii Noi, in Northern Bucharest.

According to local news agency Romania-insider.com, the piece of land covers 15,000 sqm and will host 380 apartments. It is close to the Penny Market store on the Bucurestii Noi Boulevard.

The two companies has already purchased for €12 million one more 8-hectare plot near the Porsche trade center in Northern Bucharest. They are to develop a residential project there for high-earners.

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