Romania-based investment fund buys 16,000sqm plot of land near Herastrau Park, Bucharest
Evergent Investments investment fund acquired through Țesătoriile Reunite SA, part of the Group, a land with an area of 16,000 sqm in the northern part of Bucharest. The land is located in District 1 of the Capital city, near Herastrau Park and has a Regional Planning Consent (PUZ) in force.
“We are developing our private-equity portfolio by continuing to invest in real estate. The land at Intrarea Străulești is in an area that promises to be a new premium financial and residential hub in Bucharest. We are constantly looking for new sources of growth and investment opportunities, and a future residential project in the north of the Capital will generate significant long-term profit, with an attractive return / risk ratio for our shareholders “, said Cătălin Iancu, Deputy General Manager of Evergent Investments.