Hagag Development Europe adds two properties and a land on its portfolio and plans investments of EUR 70 mln

The real estate developer Hagag Development Europe, part of Hagag Group in Israel, has added two properties and a land of 3 hectars near Pipera woods on its portfolio, following investment of EUR 20 million. The developer plans additional investments of EUR 70 million.

Together with the investments of EUR 90 million in the residential project H Pipera Lake already announced, the group reached currently overall investments on the Romanian market of EUR 150 million.

Hagag Development Europe enters the Romanian market in a moment when the real estate evolution is in change.

„We chose Romania because we identified here a market with a high development potential, with many opportunities and a visible economic growth. We entered the market 2 years ago, but until now we have focused on the properties acquisition. We delivered more time for the good fields acquisition and we made compromises. We invested until now EUR 20 million and this year we plan to invest other EUR 50 million in acquisitions and development,” says Yitzhak Hagag, the president of Hagag Group Israel.

„No matter if we discuss about new constructions or the renovation and modernization of already existent buildings, the emphasis is put on quality. Moreover, we’ll harmonize the architecture of the already existent buildings with the modern tendencies  of the office or retail spaces development,” says Andreea Hamza, marketing manager of Hagag Development Europe.

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Hagag Development Europe is a real estate develop specialized in residential and commercial spaces.