Property in Romania

Equest Balkan Properties buys land in Bucharest for 5.4 mln eur,to invest 26 mln

Property investment company Equest Balkan Properties PLC said it has bought circa 10 hectares of land in the Bucharest West logistics park development in Romania for 5.4 mln eur, and plans to invest an extra 26 mln eur there in developing modern logistics and warehousing space.
At full occupancy, the projected net yield will be in excess of 11 pct for Equest Balkan, the company said.

Date posted: August 3, 2006