According to local reports, Prime Kapital, an integrated real estate developer and investor, and its investment partner MAS PLC, a green property investor and operator focused on retail properties in CEE, plan to invest €1.97 billion in retail, office, and residential developments in Romania, by 2029.
The two companies entered a joint-venture partnership in 2016 (the DJV), and are investing predominantly in retail assets, carefully selected residential projects, and, depending on opportunities, other real estate areas. They have secured over 1.5 million sqm of development GLA/GSA.
“Our residential development pipeline is on track with our medium-term goal to deliver 2,000 quality dwellings per year over multiple cities in Romania”, said Maggie Kitshoff, Residential and Office Partner in Prime Kapital.
The two groups plan to invest €517 million in developing or extending enclosed and open-air malls in 10 cities across Romania.
EuropaProperty is pleased to announce the shortlist for the 4th annual CRE Awards recognising the best buildings, companies, real estate deals and industry professionals across the international markets of...