by Property Forum | Investment

Israeli-owned company Hagag Development Europe plans to invest €70 million in new projects in the Romanian capital. The developer has recently acquired two buildings on Calea Victoriei for €20 million and a 3 ha land plot near the Pipera forest. Hagag will invest a further €50 million in the procurement and development of the projects.


The two buildings on Calea Victoriei – the former Petrom headquarters at Victorei 109 and the building at H Victoriei 139 – are to be redeveloped.
 
Together with the €90 million Hagag is investing in its Pipera lake project, the company intends to invest more than €150 million in Romania.