Evergent Investments, a public alternative investment fund, has purchased a land plot of 16,000 sqm in northern Bucharest, for an undisclosed sum.
The land is located near Herăstrău park and has an issued urban zoning plan (PUZ), which means that it is suitable for property development.
“We are developing our private-equity portfolio by investing in real estate. Străulești Entrance is an area that has the profile to become a new financial and premium residential hub in Bucharest,” said Cătălin Iancu, deputy general manager of Evergent Investments.
The company manages an asset portfolio of 2.4 billion lei (around €487 million), of which 69% are listed shares.
Evergent Investments’ exposure includes the financial-banking sector, energy, manufacturing, and real estate.
Shares of Evergent Investments were down 2.16% to 1.36 lei on Friday morning trading on the Bucharest Stock Exchange (BVB).
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