Property in Romania

Residential projects in Iasi


American-Israeli group ENG International will invest 200 million euros in the development of 12 real estate projects located in Iasi and Cluj throughout the next five years, according to the representative of the group in Romania, Moshe Rachmut.

“We will start nine projects this year, and we estimate the finalization of all investment programs by 2010,” said Rachmut.
One of the group’s companies will start in July the construction of a residential area formed of 14 blocks of flats that will have a total of 380 apartments in the western part of Iasi.

Date posted: January 3, 2007