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Property professional Teodor Pop has left real estate developer RED, where he has worked as managing partner for the last four and a half years, to take up the same position at Lux Perennial Private Equity Partners, Business Review has learned.
Lux Perennial is a new venture created in 2010 with Romanian shareholders.
The company invests in real estate, with two residential projects in Bucharest, a 2,000-home satellite town and a 250-apartment project in the south-west of the capital. Outside residential, the firm is an investor in logistics, with a minority participation in a fast moving consumer goods distribution company. It is also a minority shareholder in an industrial construction materials firm and a majority shareholder in a hospital.
Prior to working for RED, Pop was country manager of Coty Beauty in Romania and has worked as sales representatives for 3M, also in Romania.
Corina Saceanu